RES-2012-027 RESOLUTION NO. 2012 -027
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM APPROVING THE ISSUANCE OF THE
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT
AUTHORITY REVENUE BONDS (KAISER PERMANENTE),
SERIES 2012 IN AN AGGREGATE PRINCIPAL AMOUNT
NOT TO EXCEED $2,000,000,000 FOR THE PURPOSE OF
FINANCING OR REFINANCING THE ACQUISITION,
CONSTRUCTION, IMPROVEMENT, EQUIPPING,
RENOVATION, REHABILITATION, REMODELING AND
OTHER CAPITAL PROJECTS OF CERTAIN HEALTH
FACILITIES AND CERTAIN OTHER MATTERS RELATING
THERETO
WHEREAS, Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., Kaiser
Health Plan Asset Management, Inc., and Kaiser Hospital Asset Management, Inc., each a
California nonprofit public benefit corporation (collectively, "Kaiser "), have requested that the
California Statewide Communities Development Authority (the "Authority ") participate in the
issuance of one or more series of revenue bonds in an aggregate principal amount not to exceed
$2,000,000,000 (the "Bonds ") for the purpose of, among other things, financing or refinancing
the acquisition, construction, improvement, equipping, renovation, rehabilitation, remodeling and
other capital projects of certain health facilities (the "Facilities ") owned or operated by Kaiser
Foundation Hospitals or its affiliates (the "Project ") and located in the City of Anaheim (the
"City ");
WHEREAS, pursuant to Section 147(0 of the Internal Revenue Code of 1986 (the
"Code "), the issuance of the Bonds by the Authority must be approved by the City because the
Facilities are located within the territorial limits of the City;
WHEREAS, the City Council of the City (the "City Council ") is the elected legislative
body of the City and is one of the applicable elected representatives required to approve the
issuance of the Bonds under Section 147(0 of the Code;
WHEREAS, the Authority has requested that the City Council approve the issuance of
the Bonds by the Authority for the purposes of financing or refinancing the Project in order to
satisfy the public approval requirement of Section 147(0 of the Code and the requirements of
Section 9 of the Amended and Restated Joint Exercise of Powers Agreement, dated as of June 1,
1988 (the "Agreement "), among certain local agencies, including the City; and
WHEREAS, pursuant to Section 147(0 of the Code, the City Council has, following
notice duly given, held a public hearing regarding the issuance of the Bonds, and now desires to
approve the issuance of the Bonds by the Authority;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Anaheim
as follows:
Section 1. The City Council hereby approves the issuance of the Bonds by the Authority
for the purposes of financing or refinancing the Project. It is the purpose and intent of the City
Council that this Resolution constitute approval of the issuance of the Bonds by the Authority,
for the purposes of (a) Section 147(0 of the Code by the applicable elected representative of the
issuer of the Bonds and the governmental unit having jurisdiction over the area in which the
Facilities are located, in accordance with said Section 147(0 and (b) Section 9 of the Agreement.
Section 2. The officers of the City are hereby authorized and directed, jointly and
severally, to do any and all things and to execute and deliver any and all documents which they
deem necessary or advisable in order to carry out, give effect to and comply with the terms and
intent of this Resolution and the financing transaction approved hereby.
Section 3. This Resolution shall take effect immediately upon its adoption.
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THE FOREGOING RESOLUTION is approved and adopted by the City Council of the
City of Anaheim this 20th day of March , 2012 by the following roll call vote.
AYES: Mayor Tait, Council Members Galloway, Sidhu, Eastman and Murray
NOES: None
ABSTAIN: None
ABSENT: None
CIT i N • EIM
MAY R OF THE CITY OF ANAHEIM
ATTEST^
Il '.. ( 1,#
CITY CLERK OF THE CITY OF A AHEIM
88567
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