90-11711009-43 JHHW:BDQ:kia 04/02/90 Z5539
CITY OF ANAHEIM, CALIFORNIA
RESOLUTION NO. 90!q,-117
A RESOLUTION APPROVING THE EXECUTION AND DELIVERY
OF A FIRST INSTALLMENT SALE AGREEMENT FOR THE PURPOSE
OF PROVIDING FINANCING FOR CERTAIN HEALTH FACILITIES
RESOLVED by the City Council of the City of Anaheim (the "City") as follows:
WHEREAS, the City proposes the execution and delivery of a First Installment
Sale Agreement (Security Agreement) Relating to Health Facilities, to be dated as of May
1, 1990, by and between the Anaheim Memorial Hospital Association, a nonprofit, public
benefit corporation organized and existing under the laws of the State of California (the
"Hospital"), as seller, and the City, as purchaser (the "Agreement"), for the purpose of
providing for the financing of certain health facilities;
WHEREAS, section 147(f) of the Internal Revenue Code of 1986 requires the City
Council of the City, as the duly elected representative of the City, to approve the
execution and delivery of the Agreement after a public hearing following reasonable
notice;
WHEREAS, the City Council has, on the date hereof, held a public hearing
following duly published notice thereof, and all persons desiring to be heard have been
heard; and
WHEREAS, it is in the public interest and for the public benefit that the City
Council approve the execution and delivery of the Agreement;
NOW, THEREFORE, it is hereby DETERMINED that the execution and delivery of
the Agreement in the maximum aggregate principal amount of $41,000,000 is hereby
approved for the purpose of providing financing for (a) the refunding of a prior first
installment sale agreement executed and delivered in 1985 to retire certain outstanding
obligations of the Hospital incurred in connection with the construction, expansion and
renovation of the health facility located at 1111 West La Palma Avenue in the City, and
(b) the construction, expansion and renovation of such health facility, the owner and
operator of which is the Hospital.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of
the City of Anaheim this 17th day of April, 1990.
. ~i- ,:' MAYOR,OF~THECITYOF,ANA.HEIM
PRO TEM ' '
ATTEST:
A$'qI'~TANq~ ~~' OF ANA~
CITY CLERK OF THE CITY
-2-
CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, ANN M. SAUVAG~U, Assistant City Clerk of ~e City of Anaheim, do hereby
certify ~at the foregoing Resolution No. 90R-117 was introduced and adopted
at a regular meeting provided by law, of the City Council of the City of
An~eim held on the 17~ d~ of ~ril, 1990, by the following vote of the
members ~ereof:
AYES: COUNCIL MEMBERS: Daly, Ehrle, Kaywood, Pickler
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Hunter
AND I ~RTHER certify that the Mayor Pro Tem of ~e City of Anaheim signed
said Resolution No. 90R-117 on the 27th day of April, 1990.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed ~e seal of the
City of An~etm this 27th day of ~ril, 1990.
ASSISTANT CITY CLERKO~ANAHEIM
(SEAL)
I, ANN M. SAUVAGEAU, Assistant City Clerk of the City of Anaheim, do hereby
certify that the foregoing is the original of Resolution No. 90R-117, duly
passed and adopted by the Anaheim City Council on April 17, 1990.
y CLE~ O~~~
ASSISTANT CIT CITY OF ANAHEIM