PIC1985/02/19ANAHEIM PUBLIC IMPROVEMENT CORPORATION BOARD
February 19, 1985, 10:00 A.M.
PRESENT: BOARD MEMBERS: Pickler, Overholt and Roth
ABSENT: BOARD MEMBERS: None
VACANCIES: Two
PRESENT: CITY MANAGER: William 0. Talley
CITY ATTORNEY: William P. Hopkins
ASSISTANT CITY ATTORNEY: Jack White
CITY CLERK: Leonora N. Sohl
Mayor Roth called the organizational meeting of the Anaheim Public Improvement
Corporation to order and the following actions were taken:
MINUTES: Board Member Pickler moved to approve the minutes: of the APIC
organizational meeting of February 5, 1985. Board Member Overholt seconded
the motion. MOTION CARRIED.
CONSENT CALENDAR ITEMS: On motion by Board Member Pickler,'seconded by Board
Member Roth, the following actions were authorized in accordance with the
reports and recommendations furnished each Board Member and as listed on the
Consent Calendar Agenda:
President Roth asked if anyone wished to speak relative to the adoption of the
Conflict of Interest Code for the Anaheim Public Improvement Corporation
Board; there being no response, he closed the public hearing.
Board Member Pickler offered Resolution No. APIC85 -6 for adoption. Refer to
Resolution Book.
1. 186: RESOLUTION NO. APIC85 -6: A RESOLUTION OF THE ANAHEIM PUBLIC
IMPROVEMENT CORPORATION ADOPTING A CONFLICT OF INTEREST CODE AND SUBMITTING
SAID CODE TO THE CODE REVIEWING BODY.
Roll Call Vote:
AYES: BOARD MEMBERS: Pickler, Overholt and Roth
NOES: BOARD MEMBERS: None
VACANCIES: BOARD MEMBERS: Two
President Roth declared Resolution No. APIC85 -6 duly passed and adopted.
2. 186/128: $4,585,000 CERTIFICATES OF PARTICIPATION CAPITAL IMPROVEMENT
PROJECT B: Board Member Roth offered Resolution No. APIC85 -7 for adoption,
authorizing the execution of the following lease agreement, assignment
agreement, trust agreement, agency agreement, and certificate purchase
agreement; and authorizing and directing certain actions with respect thereto.
Lease agreement relating to capital improvements by and between Anaheim
Public Improvement Corporation, as lessor and the City as lessee, dated as
of March 1, 1985.
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ANAHEIM PUBLIC IMPROVEMENT CORPORATION BOARD
February 19, 1985, 10:00 A.M.
Assignment Agreement relating to capital improvements between the
Corporation, as assignor, and the City, as assignee, dated as of March 1,
1985.
Trust Agreement relating to capital improvements by and among Security
Pacific National Bank, as Trustee, the Corporation and the City, dated as
of March 1, 1985.
Agency Agreement relating to acquisition, construction and installation of
capital improvements, by and between the Corporation and the City, dated
as of March 1, 1985.
Purchase agreement dated February 19, 1985 relating to the Certificates of
Participation evidencing a proportionate interest of the owners thereof in
lease payments to be made by the City as rental for certain property
pursuant to lease agreement with the Corporation, by and among Merrill
Lynch Capital Markets, the Trustee, the Corporation and the City. Refer
to Resolution Book.
RESOLUTION NO. APIC85 -7: A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
ANAHEIM PUBLIC IMPROVEMENT CORPORATION APPROVING AND AUTHORIZING EXECUTION OF
LEASE AGREEMENT, ASSIGNMENT, TRUST AGREEMENT, AGENCY AGREEMENT, AND
'- CERTIFICATE PURCHASE AGREEMENT AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS
WITH RESPECT THERETO.
Roll Call Vote:
AYES: BOARD MEMBERS: Pickler, Overholt and Roth
NOES: BOARD MEMBERS: None
VACANCIES: BOARD MEMBERS: Two
President Roth declared Resolution No. APIC85 -7 duly passed and adopted.
End of Consent Calendar. MOTIONS CARRIED.
ADJOURNMENT: Board Director Roth moved to adjourn. Board Director Pickler
seconded the motion. MOTION CARRIED. (10:11 a.m.)
LEONORA N. SOHL, SECRETARY
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