HomeMy WebLinkAbout97-03 RDA ResolutionRESOLUTION NO. RDA 97-03
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA TERMINATING THE OLD TOWN/WESTSIDE IMPROVEMENT
AUTHORITY AND THE OLD TOWN/WESTSIDE COMMUNITY FACILITIES
DISTRICT FINANCING AUTHORITY"
WHEREAS, the City of Temecula (the "City") and the Redevelopment Agency of the City
of Temecula (the "Agency") are parties to the Old Town/Westside Improvement Authority Joint
Exercise of Powers Agreement (the "Improvement Authority Agreement") creating the Old
Town/Westside Improvement Authority (the "Improvement Authority"), and the Old
Town/Westside Community Facilities District Financing Authority Joint Exercise of Powers
Agreement (together with the Improvement Authority Agreement, the "Agreements") creating the
Old Town/Westside Community Facilities District Financing Authority (together with the
Improvement Authority, the "Authorities"); and
WHEREAS, the financing for which the Authorities were created has now been
abandoned, and the Authorities have not issued any Bonds (as defined in the Agreements), and
the Governing Board of the Agency now desires to terminate the Agreements and the Authorities.
NOW, THEREFORE, BE IT RESOLVED by the Governing Board of the
Redevelopment Agency of the City of Temecula as follows:
1. Termination of Agreement.q and Authorities. The Agreements and Authorities are
terminated, subject to adoption by the City Council of the City of a resolution also terminating
the Agreements and Authorities.
2. Official Actions. The Chairperson, Executive Director, Secretary and all other
officers of the Agency are hereby authorized and directed to take all actions and do all things
necessary or desirable hereunder with respect to the termination of the Agreements and the
Authorities, including but not limited to the execution and delivery of any and all certificates or
instruments which they, or any of them, deem necessary or desirable and not inconsistent with the
purposes of this Resolution.
Rcaos.rda/97-03 1
PASSED, APPROVED AND ADOPTED, by the Governing Board of the Redevelopment
Agency of the City of Temecula, at a regular meeting held on the 27th day of May 1997.
'x'r'~' J/r~ven' ~ Ford, ~hairperson
ATTEST:
City Clerk/Agency Secreta_D,
[SEAL]
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. RDA 97-03 was duly adopted at a regular meeting of the Governing
Board of the Redevelopment Agency of the City of Temecula on the 27th day of May 1997, by
the following roll call vote:
AYES:
4 AGENCY MEMBERS: Lindemans, Roberts, Birdsall, Ford
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ABSTAINED: 1 AGENCY MEMBERS: Stone
~June S. Gr 'eek~
~-~ City Clerk/Agency Secretary
Resog.rda/97-03 2