Resolution 2011-08
RESOLUTION NO. 2011-08
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GILROY APPROVING SECOND AMENDED AND RESTATED
POLICIES AND PROCEDURES FOR LAND-SECURED
FINANCINGS
RESOLVED by the City Council (the "Council") of the City of Gilroy (the "City"),
County of Santa Oara, State of California, that:
1. Goals and Policies. Under the Mello-Roos Community Facilities Act of 1982,
as amended, being sections 53311 and following of the California Government Code (the
"Act"), and prior to the institution of any proceedings thereunder, this Council must adopt
goals and policies as provided in the Act.
This Council previously approved "Policies and Procedures for Land-Secured
Financings" by Resolution No. 2000-73 adopted on November 17, 2000 (the "Original Goals and
Policies"), then amended and restated the Original Goals and Policies pursuant to Resolution
No. 2006-39 adopted on June 12, 2006, to incorporate the "Appraisal Standards for Land-
Secured Financings" adopted by the California Debt and Investment Advisory Commission in
July 2004.
The Act has been amended since 2006 to require additional statements of policy with
respect to public services that are financed pursuant to the Act.
2. Approval. The "Second Amended and Restated Policies and Procedures for
Land-Secured Financings" on file with the City Oerk are hereby found to meet the
requirements of the Act and are hereby adopted by this Council for this City for purposes of
compliance with the Act, subject to further amendment by this Council as may be required
from time to time.
3. Effective Date. This resolution and the Goals and Policies shall be effective
from and after the date of the adoption of this resolution by this Council.
RESOLUTION NO. 2011-08
2
PASSED AND ADOPTED by the City Council of the City of Gilroy this 7th day of February, 2011, by
the following vote:
AYES: COUNCILMEMBERS:
ARELLANO, DILLON, LEROE-MUNOZ,
TUCKER, WOODWARD and PINHEIRO
NOES: COUNCILMEMBERS:
BRACCO
ABSENT: COUNCILMEMBERS:
NONE
APPROVED:
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-
ATTEST,:
Albert Pinheiro, Mayor
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RESOLUTION NO. 2011-08
I, SHA WNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the
attached Resolution No. 2011-0S is an original resolution, or true and correct copy of a city
resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council
held on the 7th day of February, 2011, at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this Sth day of February, 2011.
I c i
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Shawna Freels, CM~
City Clerk of the City of Gilroy
(Seal)