City of Gilroy City Council &
Gilroy Public Facilities Financing Authority
Regular Meeting Minutes
December 5, 2022
1. OPENING
1.1. Call to Order
The meeting was called to order at 6:00 PM by Mayor Marie Blankley.
1. Pledge of Allegiance
Council Member Bracco led the Pledge of Allegiance.
2. Invocation
Pastor Trevor Van Laar from Gilroy Presbyterian Church provided the Invocation.
3. City Clerk's Report on Posting the Agenda
City Clerk Pham declared the posting of the agenda.
4. Roll Call
Council Member Armendariz participated in the meeting via teleconference from a noticed, publicly accessible location, as noted on the agenda.
Attendee Name Title Status
Marie Blankley Mayor Present
Rebeca Armendariz Council Member Remote
Dion Bracco Council Member Present
Zach Hilton Council Member Present
Peter Leroe-Muñoz Vice Mayor Present
Carol Marques Council Member Present
Fred Tovar Council Member Present
1.2. Orders of the Day
There were none.
1.3. Employee Introductions
There were none.
2. CEREMONIAL ITEMS
2.1. Proclamations, Awards, and Presentations
There were none.
3. PRESENTATIONS TO THE COUNCIL
3.1. Annual Personnel Commission Presentation
Personnel Commission Member Nita Edde-Mitchell presented the annual presentation to Council.
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3.2. PUBLIC COMMENT BY MEMBERS OF THE PUBLIC ON ITEMS NOT
ON THE AGENDA BUT WITHIN THE SUBJECT MATTER
JURISDICTION OF THE CITY COUNCIL
The following speakers spoke on items that were not on the agenda:
Ron Kirkish spoke about a homelessness issue near the Old Gilroy Dispatch building.
There being no further speakers, Mayor Blankley closed Public Comment.
4. REPORTS OF COUNCIL MEMBERS
Council Member Bracco reported on the County Homeless Task Force.
Council Member Armendariz had nothing to report.
Council Member Marques reported on Gilroy Gardens Board of Directors.
Council Member Hilton reported on Visit Gilroy California Welcome Center Board.
Council Member Tovar reported on the December 3rd Holiday Parade.
Council Member Leroe-Muñoz had nothing to report.
Mayor Blankley reported on meeting with the Chief Operating Officer of HomeFirst Services of Santa Clara County and the Holiday Parade. She also reminded the public about the South County Gun Buyback Program being held on Saturday, December 10th, at Morgan Hill Outdoor Sports Center.
5. COUNCIL CORRESPONDENCE
There were none.
6. FUTURE COUNCIL INITIATED AGENDA ITEMS
There were none.
7. CONSENT CALENDAR (ROLL CALL VOTE)
Mayor Blankley opened public comment.
There being no speakers, Mayor Blankley closed public comment.
RESULT: APPROVE [UNANIMOUS]
MOVER: Peter Leroe-Muñoz, Vice Mayor
SECONDER: Fred Tovar, Council Member
AYES: Blankley, Armendariz, Bracco, Hilton, Leroe-Muñoz, Marques, Tovar
7.1. City Council - Regular Meeting - Nov 21, 2022 6:00 PM A motion was made to approve the minutes.
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7.2. Adoption of An Ordinance of the City Council of the City of Gilroy Adopting a Franchise Agreement with Recology South Valley for Solid Waste Hauling Services and a Finding that Its Action in Adopting the Ordinance is Exempt From Review Under the California Environmental Quality Act (“CEQA”) Pursuant to CEQA Guidelines Section 15061(b)(3) (Common Sense Exemption) In that the Proposed Ordinance Will Continue an Existing State-Mandated Program for the Protection of Public Health and the Environment, and None of the Circumstances in CEQA Guidelines Section 15300.2 Apply.
A motion was made to adopt the ordinance.
Enactment No.: Ordinance No. 2022-13
7.3. Adoption of an Ordinance Approving a Planned Unit Development Overlay Zoning Amendment for Property at Royal Way (File Number Z 21- 05)
A motion was made to adopt the ordinance.
Enactment No.: Ordinance No. 2022-14
8. BIDS AND PROPOSALS
There were none.
9. PUBLIC HEARINGS
There were none.
10. UNFINISHED BUSINESS
There were none.
11. INTRODUCTION OF NEW BUSINESS
11.1. Council Adoption of a Resolution of the City Council of the City of Gilroy Approving Commemorative Flag Flying Applications for 2023 City Administrator Forbis provided staff presentation and responded to Council Member questions.
Mayor Blankley opened Public Comment.
There being no speakers, Mayor Blankley closed Public Comment.
Possible Action:
Council adopt the resolution.
RESULT: APPROVE [UNANIMOUS]
MOVER: Fred Tovar, Council Member
SECONDER: Dion Bracco, Council Member
AYES: Blankley, Armendariz, Bracco, Hilton, Leroe-Muñoz, Marques, Tovar
Enactment No.: Resolution No. 2022-89
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11.2. Council Introduce an Ordinance of the City Council of the City of Gilroy Repealing Ordinance Number 99-13, Removing the Use of Liens to Collect for Delinquent Garbage Fees
Assistant to the City Administrator Atkins provided staff presentation and responded to Council Member questions.
Mayor Blankley opened Public Comment.
There being no speakers, Mayor Blankley closed Public Comment.
Possible Action:
a) Motion to read the ordinance by title only and waive further reading.
RESULT: READ TITLE ORDINANCE AND WAIVE FURTHER
READING [UNANIMOUS]
MOVER: Dion Bracco, Council Member
SECONDER: Carol Marques, Council Member
AYES: Blankley, Armendariz, Bracco, Hilton, Leroe-Muñoz, Marques, Tovar
City Clerk Pham read aloud the title of the ordinance.
b) Introduce an ordinance of the City Council of the City of Gilroy repealing Ordinance Number 99-13, removing the use of liens to collect for delinquent garbage fees.
RESULT: INTRODUCE AN ORDINANCE [UNANIMOUS]
MOVER: Peter Leroe-Muñoz, Vice Mayor
SECONDER: Fred Tovar, Council Member
AYES: Blankley, Armendariz, Bracco, Hilton, Leroe-Muñoz, Marques, Tovar
11.3. Discussion of Santa Clara County Civil Grand Jury Report Regarding Ballot Measure Wording and Recommendations
Assistant City Administrator McPhillips provided staff presentation and responded to Council Member questions.
Mayor Blankley opened Public Comment.
Ron Kirkish reminded Council to guard itself against unethical behavior regarding ballot measure wording.
There being no further speakers, Mayor Blankley closed Public Comment.
Possible Action:
Provide staff direction.
RESULT: BRING BACK TO COUNCIL IN THE NEXT MEETING
SUGGESTIONS AS WORDED IN THE STAFF REPORT
[UNANIMOUS]
MOVER: Peter Leroe-Muñoz, Vice Mayor
SECONDER: Dion Bracco, Council Member
AYES: Blankley, Armendariz, Bracco, Hilton, Leroe-Muñoz, Marques, Tovar
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11.4. Approval of the Refinancing of Gilroy Public Facilities Financing Authority's 2013 Refunding Lease Revenue Bonds
City Administrator Forbis provided staff presentations for items 11.4 and 13.2.1 and responded to Council Member questions.
Mayor Blankley opened Public Comment.
There being no speakers, Mayor Blankley closed Public Comment.
Possible Action:
Adopt a resolution of the City Council of the City of Gilroy approving the issuance by the Gilroy Public Facilities Financing Authority of not to exceed $15 million of Gilroy Public Facilities Financing Authority Lease Revenue Refunding Bonds, Series 2022A; approving the execution and delivery of various related documents in connection with the offering and sale of such bonds; and authorizing the taking of certain other matters related thereto.
RESULT: APPROVE [UNANIMOUS]
MOVER: Dion Bracco, Council Member
SECONDER: Peter Leroe-Muñoz, Vice Mayor
AYES: Blankley, Armendariz, Bracco, Hilton, Leroe-Muñoz, Marques, Tovar
Enactment No.: Resolution No. 2022-90
12. ADJOURN TO THE MEETING OF GILROY PUBLIC FACILITIES FINANCING
AUTHORITY
Mayor Blankley adjourned to the Meeting of Gilroy Public Facilities Authority at 6:40 PM.
13. GILROY PUBLIC FACILITIES FINANCING AUTHORITY BOARD OF
DIRECTORS
13.1. Call to Order
The meeting was called to order at 6:40 PM by Chair Blankley.
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1. Roll Call
Director Armendariz participated in the meeting via teleconference from a noticed, publicly accessible location, as noted on the agenda.
Attendee Name Title Status
Marie Blankley Chair Present
Rebeca Armendariz Board Member Remote
Dion Bracco Board Member Present
Zach Hilton Board Member Present
Peter Leroe-Muñoz Vice Chair Present
Carol Marques Board Member Present
Fred Tovar Board Member Present
13.2. INTRODUCTION OF NEW BUSINESS
13.2.1. Approval of the Refinancing of Gilroy Public Facilities Financing Authority's 2013 Refunding Lease Revenue Bonds
Chair Blankley opened Public Comment.
There being no further speakers, Chair Blankley closed Public Comment.
Possible Action:
Adopt a resolution of the Board of Directors of the Gilroy Public Facilities Financing Authority approving the issuance by the Gilroy Public Facilities Financing Authority of not to exceed $15 million of Gilroy Public Facilities Financing Authority Lease Revenue Refunding Bonds, Series 2022A; approving the execution and delivery of various related documents in connection with the offering and sale of such bonds; and authorizing the taking of certain other matters related thereto.
RESULT: APPROVE [UNANIMOUS]
MOVER: Dion Bracco, Director
SECONDER: Carol Marques, Director
AYES: Blankley, Armendariz, Bracco, Hilton, Leroe-Muñoz, Marques, Tovar
Enactment No.: Resolution No. GPFFA 2022-01
14. ADJOURN TO THE MEETING OF GILROY CITY COUNCIL
The meeting of the Gilroy Public Facilities Financing Authority was adjourned at 6:42 PM by Chair Blankley.
The meeting of the Gilroy City Council was reconvened at 6:42 PM by Mayor Blankley.
15. CITY ADMINISTRATOR'S REPORTS
City Administrator Forbis provided a brief presentation and responded to Council Member questions.
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16. CITY ATTORNEY'S REPORTS
City Attorney Faber provided a brief presentation and responded to Council Member questions.
17. CLOSED SESSION
There were none.
18. ADJOURNMENT
The meeting was adjourned at 6:46 PM by Mayor Blankley.
I HEREBY CERTIFY that the foregoing minutes were duly and regularly adopted at a regular meeting of the Gilroy Public Facilities Financing Authority.
Thai Nam Pham, CMC, CPMC
Secretary
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Gilroy Facilities Public
Financing Authority
STAFF REPORT
Agenda Item Title: Approval of Resolutions Specifying Circumstances Under Which Regular Meetings Will Not Be Held;
Designating Certain Officers and Employees as Ex
Officio Positions; and Adopting a Budget for Fiscal
Year 2023-24
Meeting Date: February 27, 2023
From: Jimmy Forbis, City Administrator
Department: General Counsel Office
Submitted By: Andy Faber, General Counsel/Legal Advisor Prepared By: Andy Faber, General Counsel/Legal Advisor
STRATEGIC PLAN GOALS Develop a Financially Resilient Organization Promote Economic Development Activities
RECOMMENDATION
Staff recommends the Board to adopt resolutions of the Gilroy Public Facilities Financing Authority (“Authority”) specifying circumstances under which regular meetings will not be held; designating certain officers and employees as ex officio positions; and adopting a budget for fiscal year 2023-24.
BACKGROUND
The “Joint Exercise of Powers Agreement Gilroy Public Facilities Financing Authority” (as amended, the “Agreement”), creating the Authority, requires that the Board of Directors (“Board”) of the Authority hold at least one regular meeting each year. The Agreement requires that the date, hour, and place of the Authority’s regular meetings be fixed by resolution and that the Authority hold at least one regular meeting each year.
On October 7, 2019, the Board adopted Resolution No. PFFA 2019-01, establishing that the regular meetings of the Authority shall be held on the same date and time as regular meetings of the City Council of the City.
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Approval of Resolutions Specifying Circumstances Under Which Regular Meetings Will Not Be Held; Designating Certain Officers and Employees as Ex Officio Positions; and Adopting a Budget for Fiscal Year 2023-24
Gilroy Public Facilities
Financing Authority Page 2 of 3 February 27, 2023
Members of the Gilroy City Council ex officio are Members of the Board, pursuant to the Agreement. Furthermore, the officers of the Authority include a Chair, Vice-Chair, Secretary, and Treasurer. The Chair and Vice-Chair are elected from among the Board Members. The Secretary is appointed by the Board but need not be a member of the Board. The Director of Finance of the City of Gilroy (“City”) is designated as the Treasurer of the Authority. The Board also has the power to appoint a Legal Advisor who may be the City Attorney of the City.
Finally, the Agreement requires that the Authority adopt a budget for administrative expenses annually prior to March 1 of each year. The budget is required to include all administrative expenses not included in any bond issue of the Authority.
ANALYSIS
Most regular meetings of the Authority are in fact canceled unless there are bond measures in progress. The attached draft resolution specifying circumstances under which regular meetings will not be held will allow the Authority to more efficiently cancel any regular meeting where there are no items requiring discussion. This resolution states that when an agenda for a scheduled regular meeting of the Authority is not posted pursuant to the Brown Act, then that failure to post shall be deemed to be a determination by the Chair and officers of the Authority that there are no items requiring discussion for that regular meeting and, as a result, that regular meeting is canceled.
The next resolution designates certain officers and employees of the Authority as ex officio positions. By designating these four positions (Chair, Vice-Chair, Secretary, Legal Advisor) as ex officio positions, they will automatically be filled by individuals holding other specified positions within the City. This resolution will allow the Authority to operate more efficiently because the Authority will not be required to rename individuals to these positions each time there is a change in staffing or personnel. This resolution designates the Mayor of the City as the ex officio the Chair of the Authority, the ViceMayor of the City as the ex officio the Vice-Chair of the Authority, the City Clerk as the ex officio the Secretary of the Authority, and the City Attorney as the ex officio the Legal Advisor of the Authority.
Finally, the Treasurer of the Authority does not anticipate any administrative revenue or expenses for the Fiscal Year 2023-2024. Therefore, the Treasurer of the Authority is proposing that the Board of the Authority adopt an annual budget that anticipates $0 of revenue and $0 of administrative expenses in order to satisfy the Agreement’s requirement to adopt an annual budget before March 1 of each year. The attached draft resolution adopting a budget for the Authority for the fiscal year 2023-24 reflects this proposal by the Treasurer of the Authority.
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Approval of Resolutions Specifying Circumstances Under Which Regular Meetings Will Not Be Held; Designating Certain Officers and Employees as Ex Officio Positions; and Adopting a Budget for Fiscal Year 2023-24
Gilroy Public Facilities
Financing Authority Page 3 of 3 February 27, 2023
ALTERNATIVES
The Authority may choose not to adopt any or all of the three resolutions. This is not recommended. If the Authority does not adopt the resolution specifying circumstances under which a regular meeting will not be held, then the Authority will have to take alternative actions to cancel regular meetings. If the Authority does not adopt the resolution designating certain officers and employees as ex officio positions, then the Board will have to re-elect and/or re-appoint individuals to certain positions each time there is a change in staffing and personnel. If the Authority does not adopt the resolution setting the budget for administrative expenses, they will be out of compliance with the Agreement.
FISCAL IMPACT/FUNDING SOURCE
There is no fiscal impact with this action.
PUBLIC OUTREACH
This item was included on the publicly posted agenda for this meeting.
NEXT STEPS
Once the Authority adopts the resolutions, the Authority shall convene again at the next regular meeting where an agenda is posted pursuant to the Brown Act.
Attachments:
1. Draft Resolution – Specifying Circumstances Under Which Regular Meeting Will Not Be Held
2. Draft Resolution – Designating Certain Officers and Employees as Ex Officio Positions
3. Draft Resolution – Adopting the Budget for Gilroy Public Facilities Financing Authority For Fiscal Year 2023-24
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RESOLUTION NO. PFFA 2023-XX
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
GILROY PUBLIC FACILITIES FINANCING AUTHORITY
SPECIFYING CIRCUMSTANCES UNDER WHICH
REGULAR MEETINGS WILL NOT BE HELD
WHEREAS, the Gilroy Public Facilities Financing Authority (“Authority”) was established by the City of Gilroy (“City”) and the Community Development Agency of the City of Gilroy on March 21, 1994, pursuant to a joint powers agreement entitled “Joint Exercise of Powers Agreement Gilroy Public Facilities Financing Authority” (as amended, the “Agreement”) for the purpose, among others, of providing for the financing and refinancing of public capital improvements for the City; and WHEREAS, the Agreement was amended by the “First Amendment to Joint Powers Agreement” on July 1, 2013, to replace the Community Development Agency of the City of Gilroy with the Industrial Development Authority of the City of Gilroy as a party to the Agreement; and
WHEREAS, Section 2.04 of the Agreement states that the Board of Directors (“Board”) of the Authority shall provide for its regular meetings and shall hold at least one regular meeting each year and fix the date, hour, and place of the regular meetings by resolution; and
WHEREAS, Section 2.04 of the Agreement also states that all meetings of the Board of the Authority shall be called, noticed, held, and conducted in accordance with the provisions of Sections 54950 et seq. of the Government Code of the State; and WHEREAS, Government Code Section 6592.1 provides that the Authority may adopt a resolution authorizing bonds or any issuance of bonds or accepting the benefit of any bonds or the proceeds of bonds only during a regular meeting of the Authority held pursuant to Government Code Section 54954; and
WHEREAS, the Authority established regular meeting dates in accordance with the provisions of Government Code Section 54954 by passing Resolution No. PFFA 2019-01 on October 7, 2019 which resolved that the Authority would hold its regular meetings on the same date and time as the regular meetings of the Gilroy City Council; and
WHEREAS, Resolution No. PFFA 2019-01 also authorized the Chair and officers of the Authority to take whatever actions are required by law to cancel regularly scheduled meetings if the Secretary determines that there is not business of the Authority to be conducted at a regular meeting; and
WHEREAS, the Board desires to set forth circumstances under which a regular meeting will not be held.
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Resolution No. PFFA 2023-XX
Specifying When PFFA Regular Meetings Not to Be Held
Gilroy Public Facilities Financing Authority Regular Meeting | February 27, 2023
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE GILROY PUBLIC FACILITIES FINANCING AUTHORITY AS FOLLOWS:
SECTION 1. Recitals. Each of the foregoing recitals is true and correct.
SECTION 2. Circumstances Under Which Meetings Will Not be Held. If the Secretary does not post an agenda for a regular meeting pursuant to Government Code Section 54950 et seq. (“Brown Act”), then such failure to post shall be deemed to be a determination by the Chair and officers of the Authority that no items required discussion and, therefore, that the regular meeting is cancelled, except as otherwise provided in the Brown Act.
SECTION 3. Effective Date. This Resolution shall take effect immediately upon adoption.
PASSED and ADOPTED this 27th day of February 2023 by the following roll call vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
APPROVED:
Marie Blankley, Chair
ATTEST:
_______________________
Thai Nam Pham, Secretary
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RESOLUTION NO. PFFA 2023-XX
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
GILROY PUBLIC FACILITIES FINANCING AUTHORITY
DESIGNATING CERTAIN OFFICERS AND EMPLOYEES
AS EX OFFICIO POSITIONS
WHEREAS, the Gilroy Public Facilities Financing Authority (“Authority”) was established by the City of Gilroy (“City”) and the Community Development Agency of the City of Gilroy on March 21, 1994 pursuant to a joint powers agreement entitled “Joint Exercise of Powers Agreement Gilroy Public Facilities Financing Authority” (as amended, the “Agreement”) for the purpose, among others, of providing for the financing and refinancing of public capital improvements for the City; and WHEREAS, the Agreement was amended by the “First Amendment to Joint Powers Agreement” on July 1, 2013 to replace the Community Development Agency of the City of Gilroy with the Industrial Development Authority of the City of Gilroy as a party to the Agreement; and
WHEREAS, Section 2.03 of the Agreement specifies that the members of the City Council of the City ex officio shall constitute the Members of the Board of Directors (“Board”) of the Authority.
WHEREAS, Article III of the Agreement specifies that the officers of the Authority shall be the Chairman, Vice-Chairman, Secretary and Treasurer; and WHEREAS, Section 3.01 of the Agreement specifies that the Board of the Authority shall elect a Chair and Vice-Chair (as used herein and in any other Resolutions or official documents of the Authority, the terms Chair and Vice-Chair are equivalent to the terms Chairman and Vice-Chairman as used in the Agreement) from among the Board Members and shall appoint a Secretary who may, but need not, be a member of the Board; and
WHEREAS, Section 3.02 of the Agreement specifies that the Director of Finance of the City is designated as the Treasurer of the Authority; and WHEREAS, Section 3.05 of the Agreement specifies that the Board shall have the power to appoint the Legal Advisor of the Authority, who may be the City Attorney of the City; and
WHEREAS, the Board desires to designate the Chair, the Vice-Chair, the Secretary, and the Legal Advisor as ex officio positions; and WHEREAS, the Board interprets this designation of the Chair, the Vice-Chair, the Secretary, and the Legal Advisor as ex officio positions as satisfying the Board’s duty to elect a Chair and Vice-Chair from among the Board and to appoint a Secretary and Legal Advisor.
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Resolution No. PFFA 2023-XX
Designating Officers and Employees as Ex Officio Positions Gilroy Public Facilities Financing Authority Regular Meeting | February 27, 2023
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE GILROY PUBLIC FACILITIES FINANCING AUTHORITY AS FOLLOWS:
SECTION 1. Recitals. Each of the foregoing recitals is true and correct.
SECTION 2. Designation of Certain Officers and Employees as Ex Officio Positions.
A. The Mayor of the City shall be ex officio the Chair of the Authority.
B. The Vice-Mayor of the City shall be ex officio the Vice-Chair of the Authority.
C. The City Clerk shall be ex officio the Secretary of the Authority.
D. The City Attorney shall be ex officio the Legal Advisor of the Authority.
SECTION 3. Effective Date. This Resolution shall take effect immediately upon adoption.
PASSED and ADOPTED this 27th day of February 2023 by the following roll call vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
APPROVED:
Marie Blankley, Chair
ATTEST:
_______________________
Thai Nam Pham, Secretary
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RESOLUTION NO. PFFA 2023-XX
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
GILROY PUBLIC FACILITIES FINANCING AUTHORITY
ADOPTING THE BUDGET FOR SAID AUTHORITY FOR
FISCAL YEAR 2023-24
WHEREAS, the Gilroy Public Facilities Financing Authority (“Authority”) was established by the City of Gilroy (“City”) and the Community Development Agency of the City of Gilroy on March 21, 1994, pursuant to a joint powers agreement entitled “Joint Exercise of Powers Agreement Gilroy Public Facilities Financing Authority” (as amended, the “Agreement”) for the purpose, among others, of providing for the financing and refinancing of public capital improvements for the City; and WHEREAS, the Agreement was amended by the “First Amendment to Joint Powers Agreement” on July 1, 2013, to replace the Community Development Agency of the City of Gilroy with the Industrial Development Authority of the City of Gilroy as a party to the Agreement; and
WHEREAS, Section 3.02 of the Agreement states that the Treasurer of the Authority shall be the depositary for the Authority and have custody of all accounts, funds, and money of the Authority; and
WHEREAS, Section 6.04 of the Agreement states that the Board of Directors (“Board”) shall adopt a budget for administrative expenses annually prior to March 1st of each year; and
WHEREAS, Section 6.04 of the Agreement also states that annual budget shall include all administrative expenses not included in any bond issue of the Authority; and WHEREAS, the Treasurer of the Authority anticipates no administrative revenues or expenses for the Fiscal Year 2023-24; and
WHEREAS, the Treasurer of the Authority is proposing that the Board of the Authority adopt a budget for Fiscal Year 2023-24 which provides for anticipated revenue totaling $0 and anticipated administrative expenses totaling $0; and WHEREAS, the said proposed budget for Fiscal Year 2023-24 is now before the Board for adoption and said Board is satisfied with said budget.
NOW, THEREFORE, BE IT RESOLVED that each of the foregoing recitals is true and correct.
BE IT FURTHER RESOLVED that the said proposed budget, including the anticipated revenues and administrative expenses, shall be and hereby is adopted as the budget of the Authority for the Fiscal Year 2023-24.
BE IT FURTHER RESOLVED that this resolution shall become effective immediately.
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Resolution No. PFFA 2023-XX
Adopting PFFA Budget for FY 23-24
Gilroy Public Facilities Financing Authority Regular Meeting | February 27, 2023
PASSED and ADOPTED this 27th day of February 2023 by the following roll call vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
APPROVED:
Marie Blankley, Chair
ATTEST:
_______________________
Thai Nam Pham, Secretary
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