RES-2008-167RESOLUTION NO. 2008 167
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM
APPROVING THE ISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE
AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS (GOODWILL
INDUSTRIES OF ORANGE COUNTY, CALIFORNIA), SERIES 2008 IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $8,000,000 FOR THE
PURPOSE OF FINANCING THE ACQUISITION, CONSTRUCTION,
IMPROVEMENT AND EQUIPPING OF CERTAIN FACILITIES AND CERTAIN
OTHER MATTERS RELATING THERETO
WHEREAS, Goodwill Industries of Orange County, California, a nonprofit public benefit
corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986
(the "Borrower has requested that the California Municipal Finance Authority (the "Authority
participate in the issuance of one or more series of revenue bonds in an aggregate principal amount
not to exceed $8,000,000 (the "Bonds for (a) the acquisition, construction, improvement and
equipping of a 28,502 square foot industrial property located at 1601 East St. Andrew Place, Santa
Ana, California to accommodate a fitness center to serve persons with disabilities, facilities to train
disabled persons in the use of assistive technology, facilities for document destruction to be operated
by Landmark Services, Inc. "Landmark and/or for other purposes of Borrower, collectively
accounting for no more than $7,250,000 of proceeds of the Bonds, (b) certain leasehold
improvements, fixtures, and equipment at the Borrower's retail store facility located at 3021 West
Lincoln Avenue, Anaheim, California, accounting for no more than $710,000 of proceeds of the
Bonds, and (c) certain building improvements at the Borrower's administrative offices located at 410
North Fairview Street, Santa Ana, California, accounting for no more than $100,000 of the Bonds,
(collectively the "Project to be owned and operated by the Borrower and a portion of which will
be located in the City of Anaheim (the "City and
WHEREAS, pursuant to Section 147(f) of the Internal Revenue Code of 1986 (the "Code
the issuance of the Bonds by the Authority must be approved by the City because a portion of the
Project is to be located within the territorial limits of the City; and
WHEREAS, the City Council of the City (the "City Council is the elected legislative body
of the City and is one of the "applicable elected representatives" required to approve the issuance
of the Bonds under Section 147(0 of the Code; and
WHEREAS, the Authority has requested that the City Council approve the issuance of the
Bonds by the Authority in order to satisfy the public approval requirement of Section 147(0 of the
Code and the requirements of Section 4 of the Joint Exercise of Powers Agreement Relating to the
California Municipal Finance Authority, dated as of January 1, 2004 (the "Agreement among
certain local agencies, including the City; and
WHEREAS, pursuant to Section 147(0 of the Code, the City Council has, following notice
duly given, held a public hearing regarding the issuance of the Bonds, and now desires to approve
the issuance of the Bonds by the Authority;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Anaheim as
follows:
Section 1. The City Council hereby approves the issuance of the Bonds by the Authority.
It is the purpose and intent of the City Council that this resolution constitute approval of the issuance
of the Bonds by the Authority, for the purposes of (a) Section 147(0 of the Code by the applicable
elected representative of the governmental unit having jurisdiction over a portion of the area in
which the Project is to be located, in accordance with said Section 147(0 and (b) Section 4 of the
Agreement.
Section 2. The officers of the City are hereby authorized and directed, jointly and severally,
to do any and all things and to execute and deliver any and all documents which they deem necessary
or advisable in order to carry out, give effect to and comply with the terms and intent of this
resolution and the financing transaction approved hereby.
Section 3. This resolution shall take effect immediately upon its adoption.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City
of Anaheim this 30th day of September, 2008, by the following roll call vote:
AYES: Mayor Pringle, Council Members Hernandez, Sidhu, Galloway, Kring
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST'
4 I,L I s
CITY LERK OF THE CITY OF ANAHEIM
70401.1
CITY AHEIM
By
M YOR OF THE CITY ANAHEIM