RES-2021-083RESOLUTION NO. 2021-0 8 3
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 replacement of water mains, wells, pump stations, and potential
enhancements to the City's recycled and potable water supply infrastructure (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 $60,000,000 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 $60,000,000 and to use a portion of the proceeds thereof to
reimburse itself for Reimbursement Expenditures.
Section 4. The Assistant General Manager - Finance and Energy Resources 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 24 day of August ,
2021, by the following roll call vote:
AYES: Mayor Sidhu and Council Members Faessel, Diaz,
Moreno, Valencia, and O'Neil
NOES: None
ABSTAIN: None
ABSENT: None
[One City Council vacancy]
ATTEST:
CITY CLERK OF THE CITY OF ANAHEIM
CITY OF ANAHEIM
134050/142812 -2-
CITY
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. 2021-083 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 24th day of Auqust, 2021 by the following vote of the members thereof:
AYES: Mayor Sidhu and Council Members Faessel, Diaz, Moreno, Valencia and O'Neil
NOES: None
ABSTAIN: None
ABSENT: None
[One City Council vacancy)
IN WITNESS WHEREOF, I have hereunto set my hand this 25th day of August, 2021.
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CITY CL K OF THE CITY OF ANAHEIM
(SEAL)