HomeMy WebLinkAbout92-72 CC ResolutionRESOLUTION NO. 92-72
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TIi~MECtYi~
APPROVING THE FORMATION OF THE TEMECULA PUBLIC
FACILITIES FINANCING CORPORATION AND APPOINTING THE
INITIAL DIRECTORS THEREOF
WHEREAS, the Temecula Community Services District (the "District"), a community
services district duly organized and existing under and pursuant to the Constitution and laws of
the State of California (the "State"), proposes to aid in the financing and construction of a
community recreation center (the "Project") within the City of Temecula (the "City"); and
WHEREAS, in order to assist the District in the financing of the construction of the
Project, the City proposes to approve the formation of the Temecula Public Facilities Financing
Corporation (the "Corporation"), a nonprofit public benefit corporation organized under the
Nonprofit Public Benefit Corporation Law (Part 2 of Division 2 of Title 1 of the Corporation code
of the State of California), and to appoint the initial directors of the Corporation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
TEMECULA AS FOLLOWS:
Section 1. Approval of the Directors of the Corporation. The City Council hereby
approves the formation of the Corporation. The members of the City Council of the City are
hereby appointed as the Directors of the Corporation. The form of bylaws and articles of
incorporation of the Corporation presented to this meeting and on file with the City Clerk are
hereby ratified and approved.
Section 2. Effect. This resolution shall take effect immediately upon its passage.
Patricia H. Birdsall, Mayor
ATTEST:
Jun S.~k,
[SEAL]
City Cier~
Re~o92-72 -1-
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) SS
CITY OF TEMECULA )
I, June S. Greek, City Clerk of the City of Temecula, HEREBY DO CERTIFY that the
foregoing Resolution No. 92-72, was duly adopted at a regular meeting of the City Council of the
City of Temecula on the 22nd day of September, 1992, by the following roll call vote:
AYES: 5
COUNCILMEMBERS:
Moore, Lindemans, Mufioz, Parks,
Birdsall
NOES:
0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
R¢~o92-72 -2-