78-527
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RESOLUTION NO. 78R- 527
A RESOL TION OF THE CITY COUNCIL OF THE CITY
OF ANA IM APPROVING THE TERMS AND CONDITIONS
OF AN A REEMENT WITH CITY OF ANAHEIM (CALIFORNIA)
STADIUM INC., AND AUTHORIZING THE MAYOR AND
CITY CL RK TO EXECUTE SAID AGREEMENT.
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WHEREAS
Stadium, Inc., (h
Stadium facilitie
the City of Anaheim (California)
reinafter "Stadium") is the owner of certain
in the City of Anaheim; and
WHEREAS the City of Anaheim is the lessee of said
Stadium facility; and
WHEREAS the parties desire to expand said Stadium
facility by incre sing its seating capacity; and
WHEREAS it is necessary to hire a Financial Consultant,
EIR Consultant, B nd Counsel and Underwriter; and
WHEREASf' in order to finance the expansion, Stadium
will need to issu bonds for the refinancing of said Stadium
facility; and !
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WHEREAS until said bonds are sold, Stadium is without
funds to engage t e needed consultant services; and
WHEREAS the City desires to advance the costs of said
consultant servic 6; and
WHEREAS Stadium will reimburse the City for all costs
of these consulta t services upon receipt of the proceeds of the
bond sale; and !
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WHEREAS it is in the best interest of both parties to
enter ~nto an agr ement so provid~ng; and
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WHEREAS an agreement has been prepared between the
City of Anaheim a d the Stadium, the terms and conditions of
which are accepta Ie to the City Council of the City of Anaheim.
NOW, T REFORE, BE IT RESOLVED that the terms and
conditions of sai Agreement are hereby approved and accepted.
BE IT F,RTHER RESOLVED that the Mayor and City Clerk
be, and they are' ereby, authorized and directed to execute said
Agreement on beha f of the City of Anaheim.
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THE FO~' GOING RESOLUTION is approved and adopted by
the City Council of the City of Anaheim this ~ day of
August: , 978.
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ATTEST: I
c~~~ ANAHEIM
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STATE OF CALIFORNIA )
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I, LINDA D. ROBERTS, City C1,tk of the City of Anaheim, do here1>y,cert:f:.fy that
the fo.egoing Resolution No. i18R-527 w~ introduced and adopted. at a regular
meetina provided by law, of .~e City Col1nci1 of the City of Anaheim held on
the 22ad day of August, 1978iby the fo1.1owiug vote of the members thereof:
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AYES: COUNCIL MEMBERS: ot~rho1t, Katwood, Roth and Seymour
NOES: COUNCIL MEMBERS: KcU t
ARSENT: COUNCIL MEMBERS: N4ne
AND I I'U.' RTHER CERTIFY that t~e Mayor of the City of Anaheim signed said
Resolution No. 78R-527 on th+ 22nd day of August, 1978.
IN WITlESS WHEREOF, I have h+~eunto set my hand and affixed the seal of the
City of Anaheim this 22nd daj of August, 1978.
Cl~~
(SEAL)
I, LINjA D. ROBERTS, City Clttk of the City of Anaheim, do hereby certify that
the foregoing is the originaof Resolution No. 78R-527 duly passed and, adopted
by the Anaheim City Council 4>n August 2'2, 1978.
C74;.I.. J j)~
~ITY ' CLERK
.oXJa a:)ueuJd
oXJ([ 11 Of) ..;t~3. AUOO . pe~S
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THE FOREGOING RESOLUTION is approved and adopted by
the City Council of the C~ty of Anaheim this ~ day of
August: , 1978.
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ATTEST:
c~~~ 'ANAHEIM
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