HomeMy WebLinkAboutCC RES 18-04RESOLUTION NO. 18-04
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN APPROVING
THE DISSOLUTION OF THE COUNTYWIDE PUBLIC FINANCING AUTHORITY
WHEREAS, pursuant to a joint powers agreement, dated June 19, 1996 (the
"Agreement"), the City and the cities of Brea, Buena Park, Fullerton, Garden Grove,
Orange, Santa Ana, Seal Beach, and Stanton (the "Members"), created the Countywide
Public Financing Authority (the "Authority") to provide a vehicle for financing projects
beneficial to the Members; and
WHEREAS, the Authority has no outstanding indebtedness and is not a party to
any outstanding material contracts and the Members desire to dissolve the Authority;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUSTIN DOES
RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The City, as a Member, hereby elects to terminate the Agreement
and to dissolve the Authority which dissolution shall take effect upon the concurrence of
all Members.
SECTION 2. Quint & Thimmig LLP, Larkspur, California, is hereby authorized to
provide all necessary documentation to the State Controller to effectuate such dissolution.
SECTION 3. All actions of the officers, agents, and employees of the Council or
the City that are in conformity with the purposes and intent of this Resolution, whether
taken before or after the adoption hereof, are hereby ratified and confirmed.
SECTION 4. This Resolution shall be in full force and effect immediately upon its
adoption.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
TUSTIN that the Dissolution of the Countywide Public Financing Authority is hereto
approved and adopted.
PASSED, APPROVED, AND ADOPTED BY THE CITY COUNCIL OF THE CITY
OF TUSTIN THIS 16th DAY OF JANUARY, 2018.
ELWYN M MURRAY,
Mayor
Resolution No. 18-04
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ATTEST:
ERICA N. RABE,
City Clerk
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Erica N. Rabe, City Clerk and ex -officio Clerk of the City Council of the City of Tustin,
California, do hereby certify that the whole number of the members of the City Council of
the City of Tustin is five; that the above and foregoing Resolution No. 18-04 was duly passed
and adopted at a regular meeting of the Tustin City Council, held on the 16th day of January,
2018 by the following vote:
COUNCILPERSONS AYES:
COUNCILPERSONS NOES:
COUNCILPERSONS ABSTAINED:
COUNCILPERSONS ABSENT:
& 1-1
ERICA N. RABE,
City Clerk
Murray,Gomez,Puckett,Bernstein,Clark(5)
(0)
(0)
(0)
Resolution No. 18-04
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