88-298CITY OF ANAHEIM RESOLUTION NO. 88R-298
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM,
CALIFOPJqIA APPROVING THE FORM OF AMENDMENT NO. 6 TO THAT
CERTAIN RA~VOLVING CREDIT AGREEI~ENT AMONG THE CITY OF
ANAHEIM, BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION AND MORGAN GUAF~dqTY TRUST COMPANY OF NEW YOFJK
WHEREAS, the City Council of the City of Anaheim (the
"City") at its meeting on April 27, 1983, adopted a Resolution, des-
ignated as Resolution No. 83R-170, approving the form of a Revolving
Credit Agreement and authorizing the execution and delivery thereof;
and
WHEREAS, the City Council of the City at its meeting on
August 28, 1984, adopted a Resolution, designated as Resolution
No. 84R-332, approving the form of an Amendment No. 1 to Revolving
Credit Agreement and authorizing the execution and delivery thereof;
and
WHEREAS, the city Council of the city at its meeting on
November 6, 1984, adopted a Resolution, designated as Resolution
No. 84R-442, approving the form of an Amendment No. 2 to Revolving
Credit Agreement and authorizing the execution and delivery thereof;
and
WHEREAS, the City Council of the City at its meeting on
October 22, 1985, adopted a Resolution, designated as Resolution
No. 85R-456, approving the form of an Amendment No. 3 to Revolving
Credit Agreement and authorizing the execution and delivery thereof;
and
WHEREAS, the City Council of the City at its meeting on
September 2, 1986, adopted a Resolution, designated as Resolution
No. 86R-388, approving the form of an Amendment No. 4 to Revolving
Credit Agreement and authorizing the execution and delivery thereof;
and
WHEREAS, the City Council of the City at its meeting on
December 15, 1987, adopted a Resolution, designated as Resolution
87R-520, approving the form of an Amendment No. 5 to Revolving Credit
Agreement and authorizing the execution and delivery thereof; and
WHEREAS, pursuant to the above-referenced actions of the
City Council, the City and Bank of America National Trust and Savings
Association ("Bank of America") have heretofore entered into a
94601.8.1080.06:1
Revolving Credit Agreement dated June 1, 1983, an Amendment No. 1
thereto dated September 19, 19~4, an Amendment No. 2 thereto dated
November 6, 1984 and an Amendment No. ~ thereto dated July 1, 1985
and the city, Bank of America and Morgan Guaranty Trust Company of
New York ("Morgan Guaranty") have heretofore entered into an
Amendment No. 4 thereto dated September 12, 1986 and an Amendment
No. 5 thereto dated January 12, 1984 (toqether, the "Revolving Credit
Agreement"); and
WHEREAS, the City Council of the City has determined that
it is necessary and desirable that the City Council approve the form
and authorize the execution and delivery of an Amendment No. 6 to
Revolving Credit Agreement to be dated the date of delivery thereof;
and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM
DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The form, terms and provisions of Amendment
No. 6 to Revolving Credit Agreement, in substantially the form sub-
mitted to this meeting, are hereby approved and adopted. The Mayor
of the City and the City Clerk are hereby authorized and directed to,
respectively, execute and deliver and attest and seal said Amendment
No. 6 in substantially the form submitted to this meeting with such
changes, insertions and omissions as the Mayor shall approve, such
approval to be conclusively evidenced by his execution of such
Amendment.
SECTION 2. In Amendment No. 6 to the Revolving Credit
Agreement, Bank of America and Morgan Guaranty will agree to the
amendments of the Revolving Credit Agreement contained in said
Amendment. The City Council hereby finds, determines and declares
that said Amendment when executed and delivered will not adversely
affect the rights of the holders of any of the City's outstanding
Electric Revenue Anticipation Notes and Water Revenue Anticipation
Notes who have not consented to said Amendment.
SECTION 3. The City Council hereby authorizes the employ-
ment of James J. Lowrey & Co. Incorporated to act as Financial
Advisor, Mudge Rose Guthrie Alexander & Ferdon and Rourke & Woodruff
to act as Co-Bond Counsel and Goldman, Sachs & Co. to act as
Placement Agent in connection with the city's on-going issuance and
sale of Electric Revenue Anticipation Notes and Water Revenue
Anticipation Notes, on such terms and conditions as shall be approved
by the Public Utilities General Manager.
94601.8.1080.06:1
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SECTION 4. This Reso lut ion shall be effective
immediately.
ADOPTED, SIGNED AND APPROVED this 26thday of July, 1988.
Attest ~ ~
City Clerk
94601.8.1080.06:1
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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. 88R-298 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 2Oth day of July, 1988, by the following vote of the members thereof:
AYES:
COUNCIL MEMBERS: Ehrle, Hunter, Kaywood, Pickler and Bay
NOES: COUNCIL M~4BERS: None
A~SENT: COUNCIL MEMBERS: None
A~D i FURTNEK certify that the Mayor of the City of Anaheim signed said
Resolution No. 88R-298 on the 27th day of July, 198~.
IN WITNESS WHER>iOF, i have hereunto set my hand and affixed t~e seal of the
City of Anaheim this 27th day of July, 198g.
CITY CLERK OF THE CITY OF ANAHEIM
(S~)
i, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 88R-298 duly passed and
adopted by the Anaheim City Council on July 26, 1988.
L~ITY CLERK OF THE CITY OF ANAHEIM