APIC1985-7RESOLUTION NO. ,,APIg85-7
A RESOLUTION OF THE 80ARD OF DIRECTORS
OF THE ANAHEIM PUBLIC IMPROVEMENT CORPORATION
APPROVING AND AUTHORIZING EXECUTION OF LEASE AGREEMENT,
ASSIGNMENT AGREEMENT, TRUST AGREEMENT, AGENCY AGREEMENT, AND
CERTIFICATE PURCHASE AGREEMENT AND AUTHORIZING AND DIRECTING CERTAIN
ACTIONS WITH RESPECT THERETO
RESOLVED by the Board of Directors of the Anaheim Public Improvement
Corporation, Orange County, California, as follows:
1. That the following documents be and are hereby approved and that the
President be and is hereby authorized to execute said documents and the
Secretary be and is hereby authorized to attest his signature:
(il Lease Agreement Relating to Capital Improvements Project B,
by and between Anaheim Public Improvement Corporation (the
"Corporation"), as lessor, and the City of Anaheim (the "City") as
lessee, dated as of March l, 1985; '
(ii) Assignment Agreement Re)ating to Capital Improvements
Project B, by and between the Corporation, as assignor, and the City, as
assignee, dated as of March l, 1985~
(iii) Trust Agreement Relating to Capital Improvements Project B,
by and among Security Pacific National BanK, as Trustee, the Corporation
and the City, dated as of March l, 1985;
(iv) Agency Agreement Relating to Acquisition, Construction and
Installation of Capital Improvements Project 8, by and between the
Corporation and the City, dated as of March l, 1985; and
(vi Purchase Agreement Dated February 19, 1985 Relating to
$4,585,000 Certificates of Participation (Capital Improvements Project
B) Evidencing a Proportionate Interest of the Owners Thereof in Lease
Payments to be Made by the City of Anaheim, California As the Rental for
Certain Property Pursuant to a Lease Agreement with Anaheim Public
Improvement Corporation, by and among Merrill Lynch Capital Markets, the
Trustee, the Corporation and the City.
2. That the Secretary be and is hereby directed to complete any blanks
in the documents listed in paragraphs (il through (iv) of Section 1 of this
Resolution to contain the amounts and dates set forth in the Purchase
Agreement listed in paragraph (vi of Section 1 of this Resolution.
3. That the President and Secretary be and are hereby authorized to
approve insertions of legal descriptions and any nonsubstantive changes tn the
documents listed In Section 1 of this Resolution as are necessary to reflect
accurately the transactions set forth in said documents.
4. That the President, Vice President, Secretary, Treasurer and other
officers of the Corporation are authorized and directed to execute such
certificates, agreements and other closing documents as are necessary to
consummate the transaction contemplated by the documents set forth in Section
1 of this Resolution.
I hereby certify that the foregoing is a full, true and correct copy of
a resolution duly passed and adopted by the Board of Directors of the Anaheim
Public Improvement Corporation, Orange County, California, at a meeting
thereof duly held on the _l~ day of ._E~r~, 1985 by the following
vote of the Directors thereof: '
AYES, and in favor thereof, Directors- Plckles, Ovesholt and Roth
NOES, Directors' None
ABSENT, Directors' None
VACANCIES: Two
Secretary
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