Resolution of Formation definition

Resolution of Formation means the resolution adopted by the City as authorized by Section 53325.1 of the California Government Code.
Resolution of Formation means the resolution adopted by the City as
Resolution of Formation means Resolution No. 2020-08 of the Board of Trustees of the Library District forming and establishing the Library District.

Examples of Resolution of Formation in a sentence

  • The City covenants to increase the levy of the Special Taxes in the next Fiscal Year (subject to the maximum amount authorized by the Resolution of Formation) in accordance with the procedures set forth in the Act for the purpose of curing Bond Fund deficiencies.

  • The Special Taxes so levied shall not exceed the authorized amounts as provided in the proceedings pursuant to the Resolution of Formation.

  • Credit scoring is a widely used tool in the financial sector to compute the risks of lending to potential credit customers.

  • Formal budgetary policies are not employed by the Agency because effective budgetary control is alternatively achieved through the special tax bond resolution provisions and the Resolution of Formation.

  • The City’s Finance Director or designee or employee or consultant of the City is hereby authorized and directed each fiscal year to determine the specific special tax to be levied for the next ensuing fiscal year for each parcel of real property within the District, including the Annexation Territory, in the manner and as provided in the Resolution of Formation.


More Definitions of Resolution of Formation

Resolution of Formation means Resolution 13-12, adopted by the Board of Directors of the District on March 13, 2013.
Resolution of Formation means Resolution No. 45-2000, adopted by the Commission on March 28, 2000 forming the CFD.
Resolution of Formation means the resolution adopted by the City Council pursuant to which the City formed the Improvement Area.
Resolution of Formation means Resolution No. 16-076, adopted by the City Council of the City on December 21, 2016.
Resolution of Formation means Resolution No. 2001-706, adopted by the City Council on June 20, 2001.
Resolution of Formation means Resolution No. 99-543, adopted by the City Council on January 20, 1999.
Resolution of Formation means the Council resolution establishing CFD No. 15.