HomeMy WebLinkAbout07-02 TPFA Resolution
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RESOLUTION NO. TPFA 07-02
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE TEMECULA PUBLIC FINANCING AUTHORITY
APPROVING SUPPLEMENT NO. 1 TO ACQUISITION
AGREEMENT RELATING TO THE $51,250,000
TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 03-02
(RORIPAUGH RANCH), 2006 SPECIAL TAX BONDS
THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING
AUTHORITY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The Board of Directors of the Temecula Public Financing Authority
hereby approves that certain agreement entitled "Supplement No. 1 to Acquisition
Agreement by and Between the Temecula Public Financing Authority and Ashby USA"
dated as of March 6, 2007 with such changes in said documents as may be mutually
agreed upon by the parties, the Executive Director, Bond Counsel, and City Attorney as
are in substantial conformance with the form of such agreements as presented to the
Authority. The Chairman is hereby authorized to execute said Agreements on behalf of
the Authority.
Section 2. The Executive Director (or his designee), is hereby authorized, on
behalf of the Authority, to take all actions necessary and appropriate to carry out and
implement the Agreements and to administer the Authority's obligations, responsibilities
and duties to be performed under the Agreements.
Section 3. The Authority Secretary shall certify the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula
Public Financing Authority this 6th day of March, 2007.
ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Temecula Public
Financing Authority, do hereby certify that the foregoing Resolution No. TPFA 07-02 was
duly and regularly adopted by the Board of Directors of the Temecula Public Financing
Authority at a meeting thereof held on the 6th day of March, 2007, by the following vote:
AYES: 5
BOARD MEMBERS:
NOES: 0
BOARD MEMBERS:
ABSENT: 0
BOARD MEMBERS:
ABSTAIN: 0
BOARD MEMBERS:
R:fTPFAResos 2007fTPFA 07-02
Comerchero, Edwards, Naggar, Roberts,
Washington
None
None
None
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