APIC1993-411009-76 JHHW:BDQ:rhc 09/23/93
09/27/93
ANAHEIM PUBLIC IMPROVEMENT CORPORATION
RESOLUTION NO. APIC93. 4
A RESOLUTION APPROVING, AUTHORIZING AND
DIRECTING EXECUTION OF CERTAIN LEASE FINANCING
DOCUMENTS AND AUTHORIZING AND DIRECTING
CERTAIN ACTIONS WITH RESPECT THERETO
RESOLVED, by the Anaheim Public Improvement Corporation (the "Corporation"):
WHEREAS, the City of Anaheim, California (the "City"), working together with the
Corporation, is proposing to proceed with a lease financing;
WHEREAS, in connection therewith, the City proposes to refinance the acquisition of
certain land relating to the Anaheim Arena (the "Site"), as more particularly described in the
hereinafter defined Lease Agreement, by providing for an advance deposit of lease payments due
by the City to the Corporation under a lease agreement, dated as of November 1, 1989, by and
between the Corporation and the City and providing for the defeasance of certain certificates of
participation executed and delivered by State Street Bank and Trust Company of California, N.A.,
as trustee (the "1989 Trustee"), under a trust agreement, dated as of November 1, 1989, by and
among the City, the Corporation and the 1989 Trustee;
WHEREAS, it is in the public interest and for the public benefit that the Corporation
authorize and direct execution of the hereinafter defined Lease Agreement and certain other
financing documents in connection therewith;
WHEREAS, the documents below specified have been filed with the Corporation, and the
members of the Corporation, with the aid of its staff, have reviewed said documents;
NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows:
Section 1. The below-enumerated documents be and are hereby approved, and the
President, Vice President, Executive Director or Finance Officer is hereby authorized and directed
to execute said documents, with such changes, insertions and omissions as may be approved by
such official, and the Secretary of the Corporation is hereby authorized and directed to attest to
such official's signature:
(a) a termination agreement, by and among the City, the Corporation and the 1989 Trustee
relating to the termination of certain documents relating to the original financing of the Site;
(b) a site lease relating to the Site, by and between the City, as lessor, and the Corporation,
as lessee;
(c) a lease agreement relating to the Site, by and between the Corporation, as lessor, and
the City, as lessee (the "Lease Agreement");
(d) a lxust agreement, by and among the Corporation, the City and a trustee bank to be
selected, relating to the financing, and the execution and delivery of certificates of participation
evidencing the direct, undivided fractional interests of the owners thereof in lease payments to be
made by the City under the Lease Agreement; and
(e) an assignment agreement, by and between the Corporation and the Trustee, pursuant to
which the Corporation will assign certain of its rights under the Lease Agreement, including its
right to receive lease payments thereunder, to the Trustee.
Section 2. The President, Vice President, Executive Director, Finance Officer, Secretary
and other officials of the Corporation are hereby authorized and directed to execute such other
agreements, documents and certificates as may be necessary to effect the purposes of this
resolution and the lease financing herein authorized.
The FOREGOING RESOLUTION was approved and adopted by the Board of Directors of
the Anaheim Public Improvement Corporation this 12th day of October, 1993, by the following
vote:
Attest:
SECRETARY OF THE ANAHEIM PUBLIC
IMPROVEMENT CORPORATION
STATE OF CALIFORNIA )
ORANGE COUNTY )
C1TY OF ANAHEIM )
I, LEONORA N. SOHL, Secretary of the Board of Directors of the Anaheim Public
Improvement Corporation, do hereby certify that the foregoing Resolution No. APIC93- 4 was
introduced and adopted at a regular meeting provided by law of the Board of Directors of the
Anaheim Public Improvement Corporation held on the 12th day of October, 1993, by the
following vote of the members thereof:
AYES: BOARD MEMBERS: Feldhaus, Hunter, Pickler, Simpson, Daly
NOES: BOARD MF~BERS: None
ABSENT: BOARD IV[EMBERS: None
AND I FURTHER CERTIFY that the President of the Anaheim Public Improvement
Corporation signed said Resolution No. APIC93- 4 on the 13th day of October ,1993.
IN WrrNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
Anaheim Public Improvement Corporation this 13th day of October, 1993.
SECRETARY OF THE ANAHEIM PUBLIC
IMPROVEMENT CORPORATION
(SEAL)
I, LEONORA N. SOHL, Secretary of the Anaheim Public Improvea~aent Corporation, do
hereby certify that the foregoing is the original of Resolution No. APIC93- 4 duly passed and
adopted by the Board of Directors of the Anaheim Public Improvement Corporation on October 12,
1993.
SECRETARY OF THE ANAHEIM PUBLIC
IMPROVEMENT CORPORATION