RES-1989-28211009-3.3
JHHW:BDQ:cbf 06/07/89
Z4&46
CITY OF ANAHEIM
RESOLUTION NO. 89R- 2 8 2
A RESOLUTION APPROVING THE EXECUTION AND DELIVERY OF AN
INSTALLMENT SALE AGREEMENT FOR THE PURPOSE OF PROVIDING
FINANCING FOR CERTAIN RECYCLING EQUIPMENT
RESOLVED, by the City Council of the City of Anaheim, California (the "City"), as
follows:
WHEREAS, the City proposes the execution and delivery of an Installment Sale
Agreement, dated as of July 1, 1989, by and between the Anaheim Public Improvement
Corporation, as seller and the City, as purchaser (the "Agreement") the purpose of
providing financing for the acquisition of certain recycling equipment;
WHEREAS, section 147(0 of the Internal Revenue Code of 1986 (the "Code")
requires the City Council of the City, as the duly elected representative of the City, to
approve the execution and delivery of the Agreement after a public hearing following
reasonable notice;
WHEREAS, the City Council has, on the date hereof, held a public hearing
following duly published notice thereof, and all persons desiring to be heard have been
heard;
WHEREAS, the City is the proposed issuer of the Agreement and this resolution
constitutes action giving approval for the execution and delivery of the Agreement; and
WHEREAS, it is in the public interest and for the public benefit that the City
Council approve the execution and delivery of the Agreement;
NOW, THEREFORE, it is hereby DETERMINED and ORDERED as follows:
Section 1. The execution and delivery of the Agreement in the maximum
aggregate principal amount of $12,000,000 is hereby approved for the purpose of
providing financing for the acquisition of certain refuse collection equipment for use
throughout the City, including (1) containers, (2) collection vehicles, (3) recycling
equipment, and (4) computers, the initial owner of which will be the City and the initial
operator of which will be Anaheim Disposal, Inc., 1131 North Blue Gum, Anaheim,
California.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of
the City of Anaheim this 27th day of June, 1989.
ATTEST-
CiTY CLERK OF THE CITY OF ANAHEIM
-2-
CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 89R-282 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 27th day of June, 1989, by the following vote of the members thereof:
AYES:
COUNCIL MEMBERS: Daly, Ehrle, Kaywood and Hunter
NOES:
COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Pickler
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 89R-282 on the 28th day of June, 1989.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 28th 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-282 duly passed and
adopted by the Anaheim City Council on June 27, 1989.
CITY CLERK OF THE CITY OF ANAHEIM