HomeMy WebLinkAboutResolution No. PFA 25-01 - Approving BylawsResolution No. PFA 25-01
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STATE OF CALIFORNIA ) RESOLUTION NO. PFA 25-01
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CITY OF SAN JACINTO PUBLIC FINANCING AUTHORITY
APPROVING AND ADOPTING BYLAWS, ESTABLISHING
REGULAR MEETING DATES AND AUTHORIZING
CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH
WHEREAS, the City of San Jacinto Public Financing Authority (the
"Authority") was formed pursuant to the provisions of 6500 of the California Government
Code (the “Act”); and
WHEREAS, pursuant to the Act, the Authority may from time to time make
Bylaws to carry into effect its powers and purposes; and
WHEREAS, the Authority must appoint officers to act on behalf of the
Authority; and
WHEREAS, the Authority has reviewed the Bylaws, which provides for the
appointment of officers, for the Authority, substantially in the form attached hereto as
Exhibit A; and
WHEREAS, the Joint Powers Agreement provides that regular meetings of
the Board of Directors of the Authority (the “Board of Directors”) shall be held at such time
as the Board of Directors may fix by resolution from time to time and specia l meetings
shall be held whenever called by the Chairperson of the Board of Directors, the Executive
Director of the Authority or by a majority of the members of the Board of Directors; and
WHEREAS, Government Code Section 6592.1 requires resolutions
authorizing bonds or any issuance of bonds or accepting the benefit of any bonds or the
proceeds of bonds be adopted by a joint powers authority at a regular meeting held
pursuant to Government Code Section 54954.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE CITY OF
SAN JACINTO PUBLIC FINANCING AUTHORITY RESOLVES AS FOLLOWS:
SECTION 1. Approval of Bylaws. The Authority hereby approves and adopts the Bylaws,
substantially in the form attached hereto, marked “Exhibit A," with such
revisions, amendments and completions as shall be approved by the
Executive Director or the Finance Director of the Authority (each a
“Responsible Officer”) with the advice of counsel to the Authority.
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Resolution No. PFA 25-01
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SECTION 2. Establishment of Regular Meeting Dates. Any regular meeting of the Board
of Directors shall be held at the same time and same location as regular
meetings of the City Council of the City of San Jacinto and noticed in the
same manner, provided, however, that if an agenda (containing a brief
general description of each item of business to be transacted or discussed)
for any such regular meeting of the Board of Directors is not posted at least
72 hours before any such regular meeting, such regular meeting shall be
deemed canceled. If any day so fixed for a regular meeting shall fall upon a
legal holiday, then such regular meeting shall be held upon the next
succeeding business day at the same hour. The Board of Directors shall
conduct a regular meeting at least once each calendar year on the first
Tuesday of December.
SECTION 3. Appointment of Officers. The officers of the Authority are hereby appointed
as follows:
The Chairperson shall be the Mayor of the City;
The Vice-Chairperson shall be the Mayor Pro Tem of the City;
The Executive Director shall be the City Manager;
The Treasurer shall be the Finance Director of the City; and
The Secretary shall be the City Clerk.
SECTION 4. Other Acts. Each Responsible Officer of the Authority and each officer of
the Authority is hereby authorized and directed to execute and deliver any
and all documents and instruments and to do and cause to be done any
and all acts and things necessary or proper for carrying out the transactions
contemplated by this Resolution.
SECTION 5. Effective Date. This Resolution shall become effective on the date on which
it is adopted.
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Resolution No. PFA 25-01
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PASSED, APPROVED AND ADOPTED, at a regular meeting of the Board
of Directors of the City of San Jacinto Public Financing Authority on the 18th day of March
2025, by the following vote:
AYES: Ayala, Ledezma, Sanchez, Ruiz, Vandever
NAYS: None
ABSENT: None
ABSTAIN: None
City of San Jacinto Public Financing
Authority:
______________________________
Valerie Vandever, Chairperson
ATTEST:
______________________________
Julia Espinoza, Secretary
APPROVED AS TO FORM:
Best Best & Krieger LLP
______________________________
Craig Hayes, General Counsel
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Resolution No. PFA 25-01
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )
CITY OF SAN JACINTO )
CERTIFICATION
I, Julia Espinoza, City Clerk of the City of San Jacinto, DO HEREBY
CERTIFY that the foregoing Resolution No. PFA 25-01 was passed, approved, and
adopted at the Regular Meeting of the San Jacinto City Council held on the 18th day of
March 2025.
AYES: Ayala, Ledezma, Sanchez, Ruiz, Vandever
NAYS: None
ABSENT: None
ABSTAIN: None
WITNESS MY HAND AND OFFICIAL SEAL on the 18th day of March 2025.
______________________________
Julia Espinoza, City Clerk
City of San Jacinto
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24438.70027\43324584.1
A - 1
EXHIBIT A
BYLAWS
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