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HomeMy WebLinkAbout2026-01RESOLUTION NO. 2026-01 A RESOLUTION OF THE BOARD OF TRUSTEES OF THE REDLANDS PUBLIC IMPROVEMENT CORPORATION REGARDING ADOPTING AND APPROVING AMENDED AND RESTATED BYLAWS OF THE CORPORATION WHEREAS, the City of Redlands (the "City") has heretofore established the Redlands Public Improvement Corporation (the "Corporation"), duly organized and existing under the laws of the State of California; and WHEREAS, the specific purposes for which the Corporation is organized include benefitting the City and its residents by participating with the City in projects to improve the health, safety and welfare of the City and its residents, purchasing and leasing real and personal property in connection with such projects, and assisting the City in financing, acquiring and constructing such projects; and WHEREAS, the City Council and the Board of Trustees of the Corporation have determined that it is in the best interest of the Corporation to amend and restate the Bylaws of the Corporation; and WHEREAS, there has been prepared and submitted to this meeting a form of the Amended and Restated Bylaws of the Corporation (the "Amended and Restated Bylaws"); and WHEREAS, the Bylaws provide that the Bylaws may be amended or repealed, or new Bylaws may be adopted, by majority vote of the Board of Trustees of the Corporation present and voting at any duly held meeting of the Board of Trustees, provided that any such amendment, repeal or adoption of new Bylaws shall be approved by the City Council of the City; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE REDLANDS PUBLIC IMPROVEMENT CORPORATION AS FOLLOWS; Section 1. The foregoing recitals are true and correct, and the Board of Trustees so finds and determines. Section 2. The form of the Amended and Restated Bylaws, in substantially the form submitted to this meeting and made a part hereof as though set forth herein as Exhibit `A', is hereby approved and adopted and shall stand as the Bylaws of the Corporation until valid amendment thereof. Section 3. This Resolution shall take effect immediately upon its adoption. IARPIC Redlands Public Improvement Corp\Resolutions\RPIC.Rcsolution No. 2026-01.docx ADOPTED, SIGNED AND APPROVED this 17th day of March, 2026. ATTEST: nne Donaldson, Secretary BF99 11ASS"i[IN 1, Jeanne Donaldson, Secretary of the Redlands Public Improvement Corporation, hereby certify that the foregoing Resolution was duly adopted by the Board of Trustees at a regular meeting thereof, held on the 17th day of March, 2026, by the following vote: AYES: Boardmembers Barich, Tejeda, Davis NOES: None ABSENT: None ABSTAIN: None Jeat6e Donaldson, Secretary I:IRPIC Redlands Public Improvement Corp\ResolutionsWIC.Resolution No. 2026-0 l.docx