83R-211
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CITY OF ANAHEIM RESOLUTION NO. 83R-2ll
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM,
CALIFORNIA-, AMENDING It.ESOLUTION NO. 83R-171 OF THE CITY COUNCIL
BY AMENDING A CERTAIN CROSS REFERENCE SET FORTH THEREIN
WHEREAS, the City 'Council of the City of Anaheim (the
"City") at its meeting on April 27, 1983, adopted a Resolution, des-
ignated as Resolution No. 83R-171 authorizing the issuance of
$10,000,000 Electric Revenue Bonds, Issue A of 1983, $40,000,000
Electric Revenue Bonds, Issue B of 1983, and $80,400,000 Electric
Revenue Bonds, Issue C of 1983, of the City~ and
WHEREAS, it is in the best interest of the City to adopt
the following resolution and amend Resolution No. 83R-171 by amending
a certain cross reference appearing therein:
NOW, THEREFOR~, THE CITY COUNCIL OF THE CITY OF ANAHEIM
DOES HEREBY RESOLVE, DtTERMINE AND ORDER AS FOLLOWS:
SECTION 1. S~ction 17 of Resolution No. 83R-171 is hereby
amended to read, in its entirety, as follows:
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SECTION 17. Surplus Fund. All moneys remaining in the
Revenue Account af~er all transfers required hereunder have been
made, and all covepants contained herein have been duly per-
formed, shall be transferred to the Surplus Fund.
Subject to the transfer requirement set forth in Section 17
of the 1980 Bond R~solution, moneys in the Surplus Fund shall be
applied to the payment of the principal of and interest on the
City's Electric Revenue Anticipation Notes issued pursuant to
Section 1210 of the City Charter and Ordinance No. 4417 of the
City Council, to the extent required by the resolution(s) pursu-
ant to which such Notes are issued, and thereafter, to the
extent available, shall be transferred to the 1983 A and 1983 B
Construction Accounts, proportionately with the respective orig-
inal principal amounts of 1983 A Bonds and 1983 B Bonds, on a
monthly basis (A) commencing with the month of July 1983, up to
and including the month of December 1983, in an amount equal to
50% of the amount of investment earnings on all amounts in the
Reserve Fund received during the preceding month, (B) commencing
with the month of January 1984, up to and including the month of
April 1984, in an amount equal to 100% of the amount of invest-
ment earnings on all amounts in the Reserve Fund received during
the preceding month, (C) commencing with the month of May 1984,
up to and including the month of December 1984, in an amount
equal to 50% of the amount of investment earnings on all amounts
in the Reserve Fund received during the preceding month,
(D) commencing with the month of July 1983, up to and including
the month of April 1984, in an amount equal to 100% of the
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amount of investment earnings on all amounts in the Bond Service
Account received during the preceding month, and (E) commencing
with the month of May 1984 up to and including the month of
December 1984, in an amount equal to 50% of the amount of
investment earnings on all amounts in the Bond Service Account
received during the preceding month.
Moneys in the Surplus Fund not required to be transferred
for any other purpose to any other account in the Electric
Revenue Fund pursuant to this Section or any Parity Bond
Resolution may be (1) used for the redemption of any Bonds or
Parity Bonds which are subject to call arid redemption prior to
maturity or for the purchase from to time in the open market of
any outstanding Bonds or Parity Bonds whether or not subject to
call and redemption (irrespective of the maturity or number of
such Bonds or Par i'QY Bonds) at prices and in such manner, either
at public or private sale, or otherwise, as the Treasurer in his
or her discretion may determine, but such purchase price
(including brokerage and other charges, but excluding accrued
interest) shall not exceed the principal amount or the redemp-
tion price of the callable Bonds or Parity Bonds on the next
redemption date, whichever is less~ or (2) used for any lawful
purpose of the city, including but not limited to the security
and payment of other indebtedness incurred in connection with
the Enterprise.
Section 2. Th~s Resolution shall become effective on the
date of its adoption. Except as amended hereby, Resolution No. 83R-
171 shall remain in full force and effect.
ADOPTED, SIGNED AND APPROVED this twenty-fourth day of May,
1983.
~~~
, Mayor
[SEAL]
Attest: Linda D. Roberts, City
~~ ~,><<
Assistant City Clerk
Clerk
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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-2ll was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on ~,
the 24th day of May, 1983, ~ the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Overholt, Bay 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-2ll on the 24th day of May, 1983.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 24th day of May, 1983.
LINDA D. ROBERTS, CITY CLERK
BY~~~
ASSISTANT CITY CLERK
(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-2ll duly passed and
adopted by the Anaheim City Council on May 24, 1983.
LINDA D. ROBERTS, CITY CLERK
BY~"-c2~
ASSIStANT CITY CLERK
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