87-520
CITY OF ANAHEIM RESOLUTION NO. 87R-520
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM,
CALIFORNIA APPROVING THE FORM OF AMENDMENT NO.5 TO THAT
CERTAIN REVOLVING CREDIT AGREEMENT AMONG THE CITY OF
ANAHEIM, BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION AND MORGAN GUARANTY TRUST COMPANY OF NEW YORK
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, pursuant to the above-referenced actions of the
City Council, the City and Bank of America have heretofore entered
into a Revolving Credit Agreement dated June 1, 1983, an Amendment
No.1 thereto dated September 19, 1984, an Amendment No.2 theretn
dated November 6, 1984 and an Amendment No.3 thereto dated July 1,
1985 and the city, Bank of America and Morgan Guaranty have
heretofore entered into an Amendment No.4 thereto dated
September 12, 1986 (together, the tlRevolving Credit Agreement"); and
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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.5 to the
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.5 to the Revolving Credit Agreement, in substantially the form
submitted 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.5 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 exe-
cution of such Amendment.
SECTION 2. In Amendment No.5 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.
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SECTION 4.
immediately.
This
Resolution
shall
be
effective
1987.
ADOPTED, SIGNED AND APPROVED this 15th - day of I¿e~~mbe1:",
... ~_~)L._\.
Mayor
Attest :'---~.. ..//.../ ... . h..?1. /". '). '. /./.. /1
¡<. ß I ð-1,;c ~C.:~-- '---- ..
City Clerk
-]-
94601.8.1080.01:2
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'.
CLERK
SlATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF ANAHEIM
)
)
)
ss.
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 87R'-520 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 15th day of December, 1987, by the following vote of the members thereof:
O\YES:
COUNCIL MEMBERS:
Ehrle, Hunter, Kaywood, Pickler and Bay
l~OES :
COUNCIL MEMBERS:
None
ABSENT:
COUNCIL MEMBERS:
i~ one
~~]) I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 87R-520 on the 15th day of December, 1987.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 15th day of December, 1987.
~:~~ A ~~
CITY CLERK OF THE CITY OF ANAHEIM
(, S RA.L)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 87R-520 duly passed and
adopted by the Anaheim City Council on December 15,1987.
>rfi-~?( Æ ~
CITY CLERK OF THE CITY OF ANAHEIM
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