Resolution No. GPFFA 2003-03 | Amending GPFFA 2003-1 | Adopted 07/07/2003RESOLUTION NO. 2003-03
RESOLUTION OF THE BOARD OF DIRECTORS OF THE GILROY
PUBLIC FACILITIES FINANCING AUTHORITY AMENDING
RESOLUTION NO. 2003-01, "A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE GILROY PUBLIC FACILITIES FINANCING
AUTHORITY AUTHORIZING DELIVERY AND SALE OF AUCTION
RATE CERTIFICATES OF PARTICIPATION IN THE PRINCIPAL
AMOUNT OF NOT TO EXCEED $47,000,000 TO FINANCE
CONSTRUCTION OF THE 2003 PUBLIC BUILDINGS PROJECT, AND
APPROVING RELATED DOCUMENTS AND ACTIONS"
RESOLVED by Board of Directors (the "Board") of the Gilroy Public Facilities Financing
Authority (the "Authority"), City of Gilroy (the "City"), County of Santa Clara, State of
California, that
WHEREAS, on June 16, 2003, this Board adopted its Resolution No. 2003-01 referenced
in the title above;
WHEREAS, Resolution 2003-01 contained clerical errors in that it incorrectly identified
the titles of certain officers of the Authority; and
WHEREAS, the Board wishes at this time to correct such errors;
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
Section 1. Amendment. "Section 3. Official Actions" of Resolution No. 2003-01 is
hereby amended to read as follows:
Section 3. Official Actions. The Chairman, Vice-Chairman, the Secretary, the
Treasurer, the Legal Advisor and all other officers of the Authority (each an "Authority
Representative") are each authorized and directed in the name and on behalf of the
Authority to make any and all assignments, certificates, requisitions, agreements,
notices, consents, leases and other instruments of conveyance, warrants and other
documents, which they or any of them might deem necessary or appropriate in order to
consummate any of the transactions contemplated by the agreements and documents
approved pursuant to this Resolution. Whenever in this resolution any officer of the
Authority is authorized to execute or countersign any document or take any action,
such execution, countersigning or action may be taken on behalf of such officer by any
person designated by such officer to act on his or her behalf in the case such officer shall
be absent or unavailable.
Section 2. Ratified in All Respects. In all respects, Resolution No. 2003-01, as amended,
is hereby ratified, and is, and remains, in full force and effect.
RESOLUTION NO. 2003-03 -1-
Section 3. Effective Date. This Resolution shall take effect from and after the date of its
passage and adoption.
PASSED AND ADOPTED this 7 day of July, 2003 by the following vote:
AYES:
NOES:
ABSENT:
AUTHORITYMEMBERS:
AUTHORITYMEMBERS:
AUTHORITYMEMBERS:
ARELLANO, DILLON, GARTMAN, MORALES,
VELASCO, and SPRINGER
NONE
PINHEIRO
ATTESt:
Rh6nda Pellm, Secretary
APPROVED:
Thomas IN. Springer~/~m~~--''-''~
RESOLUTION NO. 2003-03 -2-
I, RHONDA PELLIN, Secretary of the Board of Directors of the Gilroy Public Facilities
Financing Authority, do hereby certify that the attached Resolution No. 2003-03 is an original
resolution, or true and correct copy of an Authority resolution, duly adopted by the Gilroy Public
Facilities Financing Authority at a regular meeting of said Authority held on the 7th day of July,
2003, 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 17th day of July, 2003.
Cit~, Clerk oftheCity of Gilroy
(Seal)