HomeMy WebLinkAbout95-01 FA Resolution RESOLUTION NO. FA 95-01
A RESOLUTION OF THE OLD TOWN/WESTS]IDE CO
FACI]LrrIES DISTRICT FINANCING AUTHORITY ADOPRING LOCAL
GOALS AND POLICIES FOR CO
TY FACILITIES DISTRICTS
WHEREAS, Section 53312.7(a) of the California Government Code requires that the
Board of Directors of the Old Town/Westside Community Facilities District Financing
Authority (the "Authority") consider and adopt local goals and policies for community
facilities districts ("CFDs") prior to the initiation of proceedings by the Authority to establish
a CFD under the provisions of Chapter 2.5 of Part I of Division 2 of Title 5 of the
California Government Code (the "Act"); and
WHEREAS, this Board of Directors intends to consider the establishment of CFDs
related to the financing of public improvements in the Old Town and Westside areas of the
City of Temecula, and desires at this time to adopt local goals and policies for CFDs so that
it may commence proceedings for establishing a community facilities districts to finance
public infrastructure improvements in such areas; and
WHEREAS, Authority staff has caused to be prepared a draft of goals and policies
for CFDs of the Authority (the "Goals and Policies"), the form of which is on file with the
Secretary, and this Board of Directors has duly considered said Goals and Policies.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Directors of the Old
Town/Westside Community Facilities District Financing Authority that the Goals and
Policies, in the form on file with the Secretary, are hereby adopted as the local goals and
policies of the Authority for CFDS, and are intended to meet the requirements of Section
53312.7(a) of the Act.
PASSED, APPROVED AND ADOPTED, by the Board of Directors of the Old
Town/Westside Community Facilities District Financing Authority at a regular meeting held
on the 12th day of September, 1995.
a H. Birdsall, Chairperson
ATTEST:
Jun reek, CMC, City@erk/
Authority Secretary
Resos.FA\95-01
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF TEMECULA)
1, June S. Greek, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution No. FA 95-01 was duly adopted at a regular meeting of the Board of
Directors of the Old Town/Westside Community Facilities District Financing Authority on
the 12th day of September, 1995, by the following roll call vote:
AYES: 4 BOARD MEMBERS: Birdsall, Lindemans, Parks,
Roberts
NOES: 0 BOARD MEMBERS: None
ABSENT: 0 BOARD MEMBERS: None
ABSTAINED: 1 BOARD MEMBERS: Stone
June S. Greek, CMC, City Clerk/
Authority Secretary
Resos.FA\95-01 -2-