83R-465
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RESOLUTION NO.
83R--465
A RESOLUTION AUTHORIZING LEASE PURCHASE FINANCING
FOR THE PURPOSE OF REFUNDING AN OUTSTANDING LEASE PURCHASE AGREEMENT
AND FOR PROVIDING ADDITIONAL FINANCING TO C-D III
FOR CERTAIN PARKING FACILITIES
THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES HEREBY RESOLVE, AS FOLLOWS:
WHEREAS, on September 23, 1982, this Council provided for the delivery
of a Lease Purchase Agreement Relating to Parking Facilities, dated as of
August 1, 1982, for the purpose of financing to C-D III (hereinafter
referred to as the "Partnersh ip") for certain enclosed parking facilities
and certain replacement parking facilities more particularly described
therein (hereinafter referred to as the "Facilities");
WHEREAS, the Partnership has requested the City to exercise its powers
to acquire and dispose of properly for the purpose of refunding said Lease
Purchase Agreement and for the purpose of providing new moneys for the
Facilities; and
WHEREAS, it is in the pub lic in teres t , for the pub lic bene fi t and in
furtherance of the public purposes of the City that the City authorize lease
purchase financing for the aforesaid purposes;
NOW, THEREFORE, it is hereby FOUND, DETERMINED and ORDERED, as follows:
1. The City of Anaheim hereby author izes lease purchase financing
pursuant to its powers under Government Code Section 37350 for the purpose
of refunding the a foresaid Lease Purchase Agreement and for the purpose of
providing additional financing to the Partnersh ip for the Facilities, said
lease purchase financing to be in an amount not to exceed the amount
necessary, together with reasonable reserves, discounts, administrative
costs and issuance costs, to (a) accomplish said refunding and thereby to
provide savings of at least $1,500,000 and (b) provide new moneys for the
Facilities in the amount of not to exceed $5,000,000.
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2. The consummation of said financing shall be upon such terms and
conditions as may be mutually agreed upon by the City and the Partnership
and shall be subject to completion of proceedings therefor by the City.
3. This resolution constitutes official action with respect to the
financing.
THE FOREGOING RESOLUTION is
of the City of Anaheim this 6th
approved and adopted by the City Council
day of December ,1983.
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. YOR OF THE CITY OF AN ElM ---
ATTEST:
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CITY C ERK OF THE CITY OF ANAHEIM
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SSe
CITY OF ANAHEIM )
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 83R-465 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 6th day of December, 1983, by the following vote of the members thereof:
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AYES: COUNCIL MEMBERS: Kaywood, Bay, Overholt and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Pickler
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 83R-465 on the 6th day of December, 1983.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 6th day of December, 1983.
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CITY CL OF THE CITY OF ANAHEIM
( SEAL )
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 83R-465 duly passed and
adopted by the Anaheim City Council on December 6, 1983.
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. CITY CLERK
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