2002-007RESOLUTION NO. 2002R-7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM DECLARING ITS OFFICIAL INTENT TO REIMBURSE
CERTAIN EXPENDITURES FROM THE PROCEEDS OF BONDS OR
OTHER OBLIGATIONS
WHEREAS, the City of Anaheim (the "City") intends to
acquire, construct and/or improve various electricity
transmission and distribution facilities (the "Capital
Projects"); and
WHEREAS, the City anticipates incurring certain
expenditures (the "Reimbursement Expenditures") in connection
with the Capital Projects prior to the issuance of indebtedness
for the purpose of financing costs associated with the Capital
Projects on a long-term basis; and
WHEREAS, the City reasonably expects that debt or other
obligations in an amount not expected to exceed $115,000,000 will
be issued and that certain of the proceeds of such debt
obligations will be used to reimburse the Reimbursement
Expenditures.
NOW, THEREFORE, the City Council of the City of Anaheim
hereby finds, determines and declares-
Section 1. The City finds that the foregoing recitals
are true and correct.
Section 2. This Resolution is adopted solely for
purposes of establishing compliance with the requirements of
Section 1.150-2 of the U.S. Treasury Regulations. This
Resolution does not bind the City to make any expenditure, incur
any indebtedness, or proceed with any of the Capital Projects.
Section 3. The City hereby declares its official
intent to incur debt or other obligations in an amount not to
exceed $115,000,000 and to use a portion of the proceeds thereof
to reimburse its Electric Utility Fund for Reimbursement
Expenditures.
Section 4. The Assistant General Manger - Finance and
Administration of the City's Public Utilities Department (the
"AGM-Finance") is hereby authorized and directed, for and in the
name and on behalf of the City, to take such actions as are
necessary to reimburse the Electric Utility Fund.
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim this 8th day of January,
2002 and shall take effect from and after its adoption.
ATTEST'
MAYOF[ ~ OF ANA~iM
c~-TY CL~ERK OF THE CITY OF ANAHEIM
42657.1/lmoses/November 29, 2001
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
Resolution No. 2002R-7 was introduced and adopted at a regular meeting provided by law, of the
Anaheim City Council held on the 8th day of January, 2002, by the following vote of the members
thereof:
AYES:
MAYOR/COUNCIL MEMBERS: Feldhaus, Tait, Kring, McCracken, Daly
NOES:
MAYOR/COUNCIL MEMBERS: None
ABSTAINED:
MAYOR/COUNCIL MEMBERS: None
ABSENT:
MAYOR/COUNCIL MEMBERS: None
CITY CLERk, Of THE CITY Of ANAHEIM
(SEAL)