RES-2023-108RESOLUTION NO.2023- 108
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 general distribution, transmission and storage assets
(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, the City Council of the City of Anaheim
hereby finds, determines and declares:
The foregoing recitals are true and correct.
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.
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.
4. The Assistant General Manager — Finance & 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.
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 1— day of
December , 2023, by the following roll call vote:
AYES: Mayor Aitken and Council Members Rubalcava, Diaz,
Leon, Kurtz, Faessel and Meeks
NOES: None
ABSTAIN: None
ABSENT: None
CITY OF ANAHEIM
JIYAORACOF TH 'I OF ANAHEIM
ATTEST:
CLERK OF THE CITY OF ANAHEIM
150317/137597123.2
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. 2023-108 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 12th day of December, 2023 by the following vote of the members thereof:
AYES: Mayor Aitken and Council Members Rubalcava, Diaz, Leon, Kurtz, Faessel and
Meeks
NOES: None
ABSTAIN: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand this 181h day of December, 2023.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)