RES-2019-120 RESOLUTION Na 2019- 1 2 0
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM DECLARING ITS OFFICIAL INTENT TO REIMBURSE
CERTAIN WATER UTILITY FUND EXPENDITURES FROM THE
PROCEEDS OF BONDS OR OTHER OBLIGATIONS
WHEREAS,the City of Anaheim("City"),in furtherance of the Capital Improvements Program of
the City's Public Utilities Department, intends to construct and/or improve various water facilities,
including water storage tanks, groundwater wells, pump station upgrades, pipelines and water recycling
facilities(collectively, "Capital Projects"); and
WHEREAS, the City anticipates incurring certain expenditures from its Water Utility Fund
("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 public interest, economy and general welfare will be served in connection with
these Capital Projects and others; and
WHEREAS, the City now reasonably expects that debt or other obligations in an amount not
expected to exceed$50,000,000 will be issued and that certain of the proceeds of such debt obligations will
be used to reimburse the Reimbursement Expenditures.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Anaheim as follows:
Section 1. 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 expected to exceed$50,000,000 and to use a portion of the proceeds thereof to reimburse itself
for Reimbursement Expenditures.
Section 4. The Assistant General Manager - Finance & Administration of the City's Public
Utilities Department is hereby authorized and directed to keep such records and take such other actions as
may be necessary or desirable to carry out the purposes of this Resolution.
Section 5. This Resolution shall take effect immediately upon adoption.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of
Anaheim at a regular meeting of the City Council held on the 22 day of October , 2019, by the
following roll call vote:
AYES:Mayor Sidhu and Council Members Kring, Barnes, Brandman,
Moreno, Faessel, and O'Neil
NOES:None
ABSTAIN: None
ABSENT: None , AAdAIJ
CITY I ^ANAHEIM
/0, . ,
1 .II„, OF ANAHEIM
ATTEST:
CITY CLERK OF THE CITY OF ANAHEIM
51127505.1/134895 -2 -
CLERK'S CERTIFICATE
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, THERESA BASS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the
original Resolution No. 2019-120 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 22nd day of October,2019 by the following vote of the members thereof:
AYES: Mayor Sidhu and Council Members Kring, Barnes, Brandman,
Moreno, Faessel and O'Neil
NOES: None
ABSENT: None
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand this 29th day of October, 2019.
CITY CLERK OF E CITY OF ANAHEIM
(SEAL)