RES-2013-029 RESOLUTION NO. 2013- 029
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM AUTHORIZING THE ISSUANCE OF BONDS BY
THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY IN
CONNECTION WITH THE TIGER WOODS LEARNING
CENTER
WHEREAS, on July 11, 2006, the City Council of the City of Anaheim, California (the
"City ") adopted Resolution No. 2006 -166 approving the issuance by California Statewide
Communities Development Authority ( "CSCDA ") of the CSCDA's Variable Rate Demand
Revenue Bonds (Tiger Woods Learning Center Foundation) Series 2006 (the "Bonds to be
Refunded ");
WHEREAS, the Bonds to be Refunded were issued to finance capital expenditures with
respect to the Tiger Woods Learning Center (the "Facilities ") located within the City and owned
and operated by Tiger Woods Foundation, Inc. ( "TWF ");
WHEREAS, TWF has submitted an application to the California Municipal Finance
Authority ( "CMFA ") requesting the CMFA to issue bonds (the "Bonds ") and to loan the proceeds
to TFW to refinance the Bonds to be Refunded, in order to effect savings in interest rate, debt
restructuring and/or other cost savings in order to effect significant public benefits pursuant to the
Act;
WHEREAS, the City is a Member of the CMFA pursuant to Chapter 5 of Division 7 of
Title 1 of the Government Code of the State of California (the "Act ") and that certain Joint
Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of
January 1, 2004 (the "Agreement ") by and among the City and certain other California cities.
counties and special districts, which agreement formed the CMFA;
WHEREAS, the CMFA has requested that the City approve the issuance of the Bonds in
order to satisfy the requirements of Section 4 of the Agreement, which requires the approval by a
duly authorized representative of the City with respect to bonds issued by the CMFA to finance or
refinance facilities within the jurisdiction of the City;
WHEREAS, the issuance of the Bonds shall be subject to the approval by the CMFA of all
documents relating thereto to which the CMFA is a party, and the City shall have no responsibility
or liability whatsoever with respect to the Bonds.
WHEREAS, any approval of the Bonds shall not obligate the City or any department
thereof to (i) provide any financing or refinancing for TWF; (ii) approve any application or request
for or take any other action in connection with any planning approval, permit or other action
necessary for the refinancing of the Bonds to be Refunded; (iii) make any contribution or advance
any funds whatsoever to the CMFA; or (iv) take any further action with respect to the CMFA or its
membership therein;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ANAHEIM THAT:
Section 1. Pursuant to the Act and Section 4 of the Agreement, and subject to the
foregoing, the City hereby approves the issuance of the Bonds and finds that the issuance of the
Bonds will affect the significant public benefits set forth above.
Section 2. This Resolution shall take effect immediately upon its adoption.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of the
City of Anaheim this 5th day of EttruaLy , 2013, by the following roll call vote:
AYES: Council Members Eastman, Brandman, Kring and Murray
NOES: None
ABSENT: None
ABSTAIN: Mayor Tait
CITY OF ANAHEIM
By:
M 711
OR OF THE CI Y OF ANAHEIM
ATTEST:
A ll By: MAIL A I
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� L � J
CITY CLERK OF THE CIT OF ANAHEIM
93417. llbmorley
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