HomeMy WebLinkAboutResolution - 2354 STATE OF CALIFORNIA ) RESOLUTION NO. 2354
COUNTY OF RIVERSIDE)ss
`" CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JACINTO, CALIFORNIA, APPROVING A LAND
SECURED FINANCING POLICY
WHEREAS, the City Council of the City of San Jacinto (the "City") has
considered a document entitled "CITY OF SAN JACINTC LAND SECURED
FINANCING POLICY," which contains policies and procedures which are
designed to standardize the issuance and management of land secured debt by
the City (the "Financing Debt Policy"); and
WHEREAS, the City Manager has recommended to the City Council that
the Financing Policy be approved and established as the policies and procedures
of the City for the issuance and management of debt; and
WHEREAS, the City Council has determined that the Debt Policy should
be approved and established as recommended by the City Manager.
NOW, THEREFORE, BE IT RESOLVED, by the Mayor and City Council
of the City of San Jacinto that the "CITY OF SAN JACINTO LAND SECURED
FINANCING POLICY," as presented to the City Council at their July 18, 2002, is
hereby approved and adopted, establishing the policies and procedures of the
city with respect to the issuance and management of debt.
ADOPTED this 18th day of July, 2002, by a 3/1 vote.
Ayes: Ayres, Carlson-Buydos, Conner
Nays: Good
Absent: None
Abstain: None
City of San Jacinto
ames M. Conner, Mayor
ATTEST: ^ ^, • ,I
�11
orothy L houinard, City Clerk