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HomeMy WebLinkAbout07-03 TPFA Resolution I I I RESOLUTION NO. TPFA 07-03 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING AUTHORITY APPROVING DEPOSIT 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 "Deposit 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. Chuck W s ington, Chairperson ATTEST: /;) [SEAL] R:fTPFARoses 2007fTPFA 07-03 I I I 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 07-03 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 ABSTAIN: 0 BOARD MEMBERS: BOARD MEMBERS: R:fTPFARoses2007fTPFA07-03 Comerchero, Edwards, Naggar, Roberts, Washington None None None 2