IDA83-02RESOLUTION NO. IDAA 83-2
A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF
ANAHEIM AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $5,000,000
PRINCIPAL AMOUNT OF INDUSTRIAL DEVELOPMENT AUTHORITY OF
ANAHEIM, CALIFORNIA 1983 INDUSTRIAL REVENUE BONDS, SUCH BONDS
TO BE ISSUED PURSUANT TO A TRUST INDENTURE DATED AS OF
DECEMBER 1, 1983, AUTHORIZING THE SALE OF SUCH BONDS AND
AUTHORIZING THE EXECUTION OF AND APPROVING IMPLEMENTING
AGREEMENTS, DOCUMENTS AND ACTIONS
INDUSTRIAL DEVELOPMENT AUTHORITY OF ANAHEIM
1983 INDUSTRIAL REVENUE BONDS
(QUALITY SYSTEMS, INC. PROJECT)
RESOLVED, by the Industrial Development Authority of Anaheim, as
follows:
WHEREAS, the Industrial Development Authority of Anaheim (the
"Authority") is an industrial development financing authority duly formed and
existing under the California Industrial Development Financing Act,
constituting Section 92500, et seq., of the California Government Code (the
"Law"), and is authorized under the Law to issue tax-exempt industrial revenue
bonds for the purpose of financing certain types of projects as defined in the
Law in the City of Anaheim;
WHEREAS, Quality Systems, Inc., (the "Company") has requested the
Authority to issue and sell its industrial revenue bonds (the "Bonds") for the
purpose of providing a loan to the Company to finance the development of a
computerized information processing system design and marketing center
facility and related as auxiliary facilities to be located in the City of
Anaheim (the "Project");
WHEREAS, further to that end, the Authority and the Company of the
Project will enter into a loan agreement (the "Loan Agreement"), for the
purpose of setting forth, among other things, the terms and conditions
pursuant to which the Bond proceeds will be loaned'~ to the Company and upon
which the Company will repay the loan;
WHEREAS, the California Industrial Development Financing Advisory
Commission on November 16, 1983, approved the issuance by the Authority of
$5,000,000 principal amount of 1983 Industrial Review Bonds (Quality Systems,
Inc. Project);
WHEREAS, the Authority has now determined to issue the Bonds and to
enter into the Indenture to secure the Bonds; and
WHEREAS, it may be desirable that the Bonds be sold under an
agreement for the purchase of the Bonds (a Bond Purchase Agreement) at this
time only, however, on the terms and conditions hereinafter provided.
NOW, THEREFORE, IT IS HEREBY FOUND, DETERMINED AND ORDERED, as
follows:
1. The Industrial Development Authority of Anaheim, California,
1983 Industrial Revenue Bonds in a principal amount of not to exceed
$5,000,000 are hereby authorized to be issued pursuant to a Trust Indenture
dated as of December 1, 1983, in the form substantially as submitted at this
meeting, which Trust Indenture, with such amendments and supplements thereto
as are required, is hereby approved and authorized and directed to be executed
by the Executive Director of the Authority and his signature thereto to be
attested by the Secretary who shall affix thereto the official seal of the
Authority.
2. The Loan Agreement between Industrial Development Authority of
Anaheim and Quality Systems, Inc. dated as of December 1, 1983 are hereby
approved in substantially the forms presented at this meeting and the
Executive Director of the Authority is authorized and directed to execute the
foregoing on behalf of the Authority with such amendments and supplements
thereto as shall cause the foregoing to conform to the requirement of the
Authority's program.
3. Ail actions heretofore taken by the officers and agents of the
Authority with respect to the sale and issuance of the Bonds are hereby
approved, confirmed and ratified, and the Executive Director and any and all
other officers of the Authority are hereby authorized and directed, for and in
the name and on behalf of the Authority, to do any and all things and take any
and all actions and the execution and delivery of any and all certificates,
requisitions, agreements and other documents, including, but not limited to,
those described in a Bond Purchase Agreement and the Trust Indenture, which
they, or any of them, may deem necessary or advisable in order to consummate
the lawful issuance and delivery of the Bonds in accordance with a Bond
Purchase Agreement, the Trust Indenture, this Resolution and all related
documents.
4. This resolution shall take effect from and after its adoption.
ADOPTED AND APPROVED by the Industrial Development Authority of
Anaheim the 13th day of December, 1983, by the following vote, to-wit:
AYES:
Members Kaywood, Bay, Overholt and Roth
NOES: Members None
ABSENT: Members Pickler
Chairma,'~~~
Industrial Development Authority
ATTEST:
-- J Secretary )
Industrial Development Authority
oC
0210R
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, Secretary of the Industrial Development Authority of
Anaheim, do hereby certify that the foregoing Resolution No. IDAA83-2 was
passed and adopted at a regular meeting of the Industrial Development
Authority of Anaheim held on the 13th day of December, 1983, by the following
vote of the members thereof:
AYES: AUTHORITY MEMBERS: Kaywood, Bay, Overholt and Roth
NOES: AUTHORITY MEMBERS: None
ABSENT: AUTHORITY MEMBERS: Pickler
AND I FURTHER CERTIFY that the Chairman of the Industrial Development
Authority of Anaheim signed said Resolution on the 13th day of December, 1983.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 13th day of
December, 1983.
(SEAL)
-~~'~' AUTHORITY OF
SECRE'T~ARY bF THE IND~ENT ANAHEIM