HomeMy WebLinkAboutResolution No. 94-P5RESOLUTION NO. 94-P5
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A RESOLUTION OF THE AZUSA PUBLIC FINANCING AUTHORITY ACCEPTING
THE RESIGNATIONS OF CERTAIN DIRECTORS AND ELECTING NEW
DIRECTORS OF AZUSA PUBLIC IMPROVEMENT CORPORATION
WHEREAS, the City of Azusa (the "City") and the
Redevelopment Agency of the City have entered into a Joint Exercise
of Powers Agreement dated January 2, 1990, establishing the Azusa
Public Financing Authority (the "Authority");
WHEREAS, the Authority is the sole member of Azusa Public
Improvement Corporation, a nonprofit public benefit corporation
("Improvement Corporation"); and
WHEREAS, John R. Dangleis and Anthony D. Naranjo,
directors of Improvement Corporation, have proffered their
resignations;
NOW, THEREFORE, the Board of Directors of the Authority
does hereby resolve, determine and order:
Section 1. Resignation and Election of Directors.
RESOLVED, that the resignation of John R. Dangleis as a
Director of Improvement Corporation be and hereby is accepted and
approved effective immediately.
RESOLVED, that to fill the vacancy created by the
resignation of John R. Dangleis, David Hardison be and hereby is
elected as a Director of Improvement Corporation, with his term of
office to commence immediately and to continue until his successor
is duly elected and qualified or until his earlier resignation or
removal.
RESOLVED, that the resignation of Anthony D. Naranjo as
a Director of Improvement Corporation be and hereby is accepted and
approved effective immediately.
RESOLVED, that to fill the vacancy created by the
resignation of Anthony D. Naranjo, Diane Moritz -Beebe be and hereby
is elected as a Director of Improvement Corporation, with her term
of office to commence immediately and to continue until her
successor is duly elected and qualified or until her earlier
resignation or removal.
Section 2. Further Steps.
RESOLVED FURTHER, that any and all proper officers of the
Authority, and each of them, be and hereby are authorized,
empowered and directed to execute any and all documents,
instruments or papers and to take any or all steps or actions which
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may be necessary or appropriate to carry out the interest of the
foregoing resolutions and the transactions contemplated .thereby.
Section 3. Effective Date. This Resolution shall take
effect from and after the date of its passage and adoption.
PASSED AND ADOPTED at a regular meeting of the Azusa Public
Financing Authority, held this 2nd day of May, 1994, on the
following vote:
Steph n Alexander, CHAIRMAN
I HEREBY CERTIFY the foregoing Resolution was duly adopted by
the Board of Directors of Azusa Public Financing Authority, at a
regular meeting thereof held on the 2nd day of May, 1994.
AYES: DIRECTORS: BEEBE,MADRID, HARDISON, NARANJO,
ALEXANDER
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NQNE
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