84R-030 RESOLUTION NO. 84R -30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM APPROVING AND AUTHORIZING AND DIRECTING
EXECUTION OF SERVICE AGREEMENT WITH ANAHEIM,
GARDEN GROVE, ORANGE FIRE TRAINING FACILITIES
AUTHORITY, APPROVING OFFICIAL STATEMENT AND
AUTHORIZING OFFICIAL ACTION
WHEREAS, the Anaheim, Garden Grove, Orange Fire Training
Facilities Authority (the "Authority ") proposes to purchase
certain equipment consisting of a computer- assisted dispatch
system for fire and paramedic services (the "Equipment ") by
purchasing the Equipment from Security Pacific National Bank (the
"Bank ") pursuant to that certain Installment Sale Agreement, dated
as of January 1, 1984, by and between the Bank and the Authority
(the "Installment Sale Agreement "); and
WHEREAS, the City, together with the cities of Garden
Grove, Orange and Stanton, wishes to use the services provided by
the Equipment and for that purpose the City proposes to enter into
that certain Service Agreement, dated as of January 1, 1984, by
and between the City and the Authority, in substantially the form
on file with the City Clerk (the "Service Agreement "), pursuant to
which the Authority agrees to make the Equipment available to the
City and the City agrees to make certain payments (the "Base
Payments ") necessary to amortize the City's proportionate share of
the cost of financing the Equipment; and
WHEREAS, the Bank intends to finance the costs of
acquiring and installing the Equipment by entering into that
certain Trust Agreement, dated as of January 1, 1984, by and among
the Bank, the Authority and First Interstate Bank of California as
trustee (the "Trust Agreement "), pursuant to which said trustee
agrees to execute and deliver certificates of participation in the
aggregate principal amount of $1,080,000 (the "Certificates "),
which certificates are to be insured by Fireman's Fund; and
WHEREAS, Security Pacific Capital Markets Group (the
"Underwriter ") proposes to submit an offer to the Authority to
purchase the Certificates, and has caused to be prepared an
Official Statement relating to the Certificates to be used in
connection with the marketing of the Certificates, in
substantially the form on file with the City Clerk (the "Official
Statement "); and
WHEREAS, the City Council approves the financing of the
Equipment as described herein;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Anaheim as follows:
SECTION 1. SERVICE AGREEMENT
The City Council hereby approves the Service Agreement in
substantially the form on file with the City Clerk, together with
any additions thereto or changes therein hereafter approved by the
Mayor, whose signature on the Service Agreement shall conclusively
evidence such approval. The schedule of Base Payments set forth
in Exhibit A to the Service Agreement shall be reduced as required
by the schedule of interest rates with respect to the
Certificates. The Mayor is hereby authorized and directed to
execute, and the City Clerk is hereby authorized and directed to
attest, the Service Agreement for and in the name and on behalf of
the City.
SECTION 2. OFFICIAL STATEMENT
The City Council hereby approves the Official Statement in
substantially the form on file with the City Clerk, together with
any additions thereto or changes therein deemed necessary or
advisable by the Authority. Distribution by the Underwriter of
the Official Statement is hereby ratified, confirmed and approved.
SECTION 3. OFFICIAL ACTIONS
The City Council hereby approves the financing of the
Equipment as described herein and the sale of the Certificates to
the Underwriter. The Mayor, the City Clerk, the City Manager, the
Finance Director and any and all other officers of the City are
each hereby authorized and directed to execute any and all
documents required to consummate the execution and delivery of the
Service Agreement and the Certificates and the consummation of the
financing of the Equipment pursuant to the Installation Sale
Agreement.
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim this 24th day of January, 1984.
MAYOR OF THE CITY 0 ANA M
ATTEST:
M ` , /. is //
CITY CLERK OF THE 47 OF ANAHEIM
FAL:kh
0514U
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 84R -30 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 24th day of January, 1984, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Bay, Overholt, Fickler and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 84R -30 on the 24th day of January, 1984.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 24th day of January, 1984.
CITY CLERK OF THE CITY ANAHEIM
(SEAL)
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 84R -30 duly passed and adopted
by the Anaheim City Council on January 24, 1984.
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CITY CLERK