86R-388
CITY OF ANAHEIM RESOLUTION NO. ~E=388
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM,
CALIFORNIA APPROVING THE FORM OF AMENDMENT NO. 4
TO THAT CERTAIN REVOLVING CREDIT AGREEMENT BY AND BETWEEN
CITY OF ANAHEIM AND BANK OF AMERICA NATIONAL TRUST
AND SAVINGS ASSOCIATION DATED JUNE 1, 1983 (AS HERETOFORE
AMENDED); AUTHORIZING EMPLOYMENT OF A FINANCIAL ADVISOR AND
CO-BOND COUNSEL IN CONNECTION WITH ELECTRIC REVENUE ANTICIPATION
NOTES AND WATER REVENUE ANTICIPATION NOTES; AND AUTHORIZING
EMPLOYMENT OF A PLACEMENT AGENT IN CONNECTION WITH WATER REVENUE
ANTICIPATION NOTES
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
WREREAS, pursuant to the above-referenced action of the
City Council, the City and Bank of America National Trust and Savings
Association (the "Bank-) have heretofore entered into the Revolving
Credit Agreement dated June 1, 1983, Amendment No.1 to Revolving
Credit Agreement dated September 19, 1984, Amendment No.2 to
Revolving Credit Agreement dated November 6, 1984 and Amendment No.3
to Revolving Credit Agreement entered into as of July 1, 1985
(together, the "Revolving Credit Agreement"); and
WHEREAS, the City Council has determined that it is neces-
sary and desirable that the City Council approve the form and autho-
rize execution and delivery of an Amendment No.4 to Revolving Credit
Agreement to be dated the date of delivery thereof; and
WHEREAS, the City desires to employ a financial advisor and
co-bond counsel in connection with the issuance and sale of the
City's Electric Revenue Anticipation Notes and Water Revenue
Anticipation Notes; and
WHEREAS, the City also desires to employ a placement agent
in connection with the issuance and sale of the City's Water Revenue
Anticipation Notes in 1986.
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.4 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. 4 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.4 to Revolving Credit
Agreement the Bank 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 exe-
cuted and delivered will not adversely affect the rights of the hold-
ers of any of the City's outstanding Electric Revenue Anticipation
Notes and Water Revenue Anticipation Notes who have not consented to
said Amendment.
SE~IOR 3. The City Council hereby authorizes the employ-
ment of James J. Lowrey & Co. Incorporated to act as Financial
Advisor, and Mudge Rose Guthrie Alexander & Ferdon and Rourke &
Woodruff, to act as Co-Bond Counsel, in connection with the City's
issuance and sale of Electric Revenue Anticipation Notes and Water
Revenue Anticipation Notes in 1986, on such terms and conditions as
shall be approved by the Public Utilities General Manager.
SECTION 4. The City Council hereby authorizes the employ-
ment of Goldman, Sachs & Co. to act as Placement Agent in connection
with the City's issuance and sale ,of Water Revenue Anticipation Notes
in 1986, on such terms and conditions as shall be approved by the
Public utilities General Manager.
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SECTION 5. T his Res 0 1 uti 0 n s hall bee f f e c t i v e
immediately.
ADOPTED, SIGNED AND APPROVED this 2nd day of September ,
1986 .
Attest: City Clerk
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City Clerk
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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. 86R-388 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the Znd day of September, 1986, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Overholt, Bay, Pickler 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. 86R-388 on the 2nd day of September, 1986.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 2nd day of September, 1986.
~..?r~
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. 86R-388 duly passed and
adopted by the Anaheim City Council on September 2, 1986.
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CITY CLERK
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