RES-1989-23111009
JHHW:PJT:c! 05/23/8t J6946
RESOLUTION NO. 8 9 R- 2 ~ 1
A RESOLUTION MAKING FINDING WITH RESPECT TO THE
NEGOTIATED SALE OF THE CITY OF ANAHEIM COMMUNITY
FACILITIES DISTRICT NO. 1989-1 (SYCAMORE CANYON) SPECIAL TAX
BONDS
Community Facilities District No. 1989-1 (Sycamore Canyon)
RESOLVED, by the City Council of the City of Anaheim (the "City") that:
WHEREAS, this City Council has heretofore approved the sale and issuance of
City of Anaheim Community Facilities District No. 1989-1 (Sycamore Canyon) Special
Tax Bonds (the "Bonds"); and
WHEREAS, the documents approved by this City Council in connection with the
sale of the Bonds contemplate a negotiated sale to Stone & Youngberg (the
"Underwriter") and the Mello-Roos Community Facilities Act of 1982, as amended,
requires that this City Council make a finding and determination in order to sell the
Bonds on a negotiated basis; and
WHEREAS, the Underwriter and the City's Financial Advisor for the Bonds have
submitted documentation indicating that the sale of the Bonds on a negotiated basis will
result in a lower overall cost.
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
1. This City Council with the aid of the City staff, has reviewed the information
supplied by the Underwriter and the City's Financial Advisor with respect to the pricing
of the Bonds and, based upon such information, hereby finds and determines that the
negotiated sale of the Bonds to the Underwriter will result in a lower overall cost.
2. This resolution shall take effect from and after its adoption.
PA~SED AND ADOPTED this 13th day of June, 1989.
ATTEST:
City Clerk
APPROVED AS TO FORM:
JACK Ly WHITE. CITY ATTORNEY
-2-
AYES:
CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, Gity Glerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 89R-231 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 13th day of June, 1989, by the following vote of the members thereof:
COUNCIL MEMBERS: Daly, Ehrle, Pickler and Hunter
NOES: COUNCIL MEMBERS: Kaywood
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 89R-231 on the 14th day of June, 1989.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 14th day of June, 1989.
CITY CLERK OF THE CITY OF ANAHEIM
( SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 89R-231 duly passed and
adopted by the Anaheim City Council on June 13, 1989.
CITY CLERK OF THE CITY OF ANAHEIM