RES-2017-167RESOLUTION NO. 2017- 167
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM (I)
APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A REMARKETING STATEMENT FOR THE REVENUE
BONDS, SERIES 2015-A (CITY OF ANAHEIM ELECTRIC SYSTEM
DISTRIBUTION FACILITIES) (SECOND LIEN QUALIFIED OBLIGATIONS)
OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY; AND (II)
APPROVING CERTAIN ACTIONS IN CONNECTION THEREWITH
WHEREAS, the City of Anaheim (the "City") is a Member of the California Municipal
Finance Authority (the "Authority"); and
WHEREAS, pursuant to Article 4 of Chapter 5 of Division 7 of Title 1 of the
Government Code of the State of California (the "Bond Law") and the Authority's Joint Exercise
of Powers Agreement, the Authority is authorized to borrow money for the purpose of assisting
the City in the financing and refinancing of costs related to public capital improvements of the
City; and
WHEREAS, the Authority has heretofore assisted the City in financing certain public
capital improvements to the City's electric distribution system through the issuance of the
Authority's Revenue Bonds, Series 2015-A (City of Anaheim Electric System Distribution
Facilities) (Second Lien Qualified Obligations) (the "2015-A Bonds") in the aggregate principal
amount of $50,000,000 under the provisions of the Bond Law; and
WHEREAS, the 2015-A Bonds are subject to periodic remarketing and the City has
selected J.P. Morgan Securities LLC (the "Remarketing Agent") to serve as remarketing agent
for the 2015-A Bonds; and
WHEREAS, the 2015-A Bonds will be offered for sale through an official statement; and
WHEREAS, there has been placed on file with the Acting City Clerk a proposed form of
preliminary remarketing statement (the "Preliminary Remarketing Statement") to be used by the
Remarketing Agent in connection with the remarketing of the 2015-A Bonds;
NOW, THEREFORE, the City Council of the City of Anaheim does hereby resolve,
determine and order as follows:
Section 1. The City Council hereby approves the Preliminary Remarketing Statement
relating to the 2015-A Bonds (the "Preliminary Remarketing Statement") in the form thereof on
file with the Acting City Clerk, with such additions thereto and changes therein as are approved
by the Mayor, the Interim City Manager, the City Treasurer, the Public Utilities General
Manager and the Public Utilities Assistant General Manager—Finance and Administration, and
their respective designees (each, an "Authorized Officer"), upon consultation with the Acting
City Attorney and Norton Rose Fulbright US LLP, Bond Counsel and Disclosure Counsel
("Bond Counsel"). Upon the pricing of the remarketed 2015-A Bonds, each of the Authorized
Officers is hereby authorized to prepare and execute a final Remarketing Statement (the
"Remarketing Statement"), substantially in the form of the Preliminary Remarketing Statement,
with such additions thereto and changes therein as approved by any Authorized Officer, upon
consultation with the Acting City Attorney and Bond Counsel. The City Council hereby
authorizes the distribution of the Preliminary Remarketing Statement and the Remarketing
Statement by the Remarketing Agent in connection with the remarketing of the 2015-A Bonds.
Section 2. The Mayor, the Interim City Manager, the Public Utilities General
Manager and the Public Utilities Assistant General Manager—Finance and Administration, the
City Treasurer, the Acting City Attorney and the Acting City Clerk of the City and the other
officers, employees and agents of the City are hereby authorized and directed, jointly and
severally, for and in the name of the City, to do any and all things and to take all actions,
including execution and delivery of any and all assignments, certificates, requisitions,
agreements, notices, consents, instruments of conveyance, warrants and other documents which
they, or any of them, may deem necessary or advisable in order to consummate the remarketing
of the 2015-A Bonds, and to consummate the transactions contemplated by this Resolution, and
such actions previously taken by such officers, employees and agents are hereby ratified and
confirmed.
Section 3. This Resolution shall take effect from and after its date of adoption.
29196719.3/125639 2
THE FOREGOING RESOLUTION was approved and adopted by the City Council of
the City of Anaheim at a regular meeting of said City Council held on the 5t1' day of December,
2017, by the following vote:
AYES: Mayor Tait and Council Members Vanderbilt, Murray, Barnes,
Moreno,Kring and Faessel
NOES: None
ABSENTNone
ABSTAIN: None
CITY OF ANAHEIM
MAYOR OF THE CITY OF ANAHEIM
[SEAL]
ATTEST:
OF THE CITY OF ANAHEIM
29196719.3/125639
CLERK'S CERTIFICATE
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, THERESA BASS, Acting City Clerk of the City of Anaheim, do hereby certify that the foregoing
is the original Resolution No. 2017-167 adopted at a regular meeting provided by law, of the
Anaheim City Council held on the 511 day of December, 2017 by the following vote of the members
thereof:
AYES: Mayor Tait and Council Members Vanderbilt, Murray, Barnes, Moreno,
Kring, and Faessel
NOES: None
ABSTAIN: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand this 5th day of December, 2017.
ACTING CITY CLARK OF THE CITY OF ANAHEIM
(SEAL)