1979-523RESOLUTION NO. 79R- 523
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM APPROVING THE TERMS AND CONDITIONS
OF AN AGREEMENT EMPLOYING JAMES J. LOWREY
COMPANY AS CONSULTANTS TO PROVIDE FINANCIAL
ADVISORY SERVICES IN CONNECTION WITH FINANCING
EXPANSION OF THE CITY -OWNED WATER SYSTEM, AND
AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE
SAID AGREEMENT ON BEHALF OF THE CITY OF ANAHEIM_
WHEREAS, the City of Anaheim desires to expand the
City -owned water system and to finance the cost of such programs;
and
WHEREAS, James J. Lowrey Company has specialized
knowledge, organization, expertise, and national following among
lenders necessary to provide the financial research, counsel,
advice and representation requisite to achievement of optimum
terms for such financing on behalf of City; and
WHEREAS, City desires to employ James J. Lowrey
Company to provide financial guidance and technical support in
connection with the City -owned water system capital expansion
programs in the amount of $14.0 million authorized by Anaheim
voters November 7, 1978; and
WHEREAS, an agreement has been prepared, the terms and
conditions of which are acceptable to the City Council of the
City of Anaheim.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that the terms and conditions of said
agreement between the City of Anaheim and James J. Lowrey Company
are hereby approved and accepted.
BE IT FURTHER RESOLVED that the Mayor and City Clerk
are hereby authorized to execute said agreement on behalf of the
City of Anaheim.
THE FOREGOING RESOLUTION is approved and adopted by
the City Council of the City of Anaheim this 111th day of September, 1979.
ATTEST:
C Y LE OF THE ITY OF ANAHEIM
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..THE CITY
ANAHEIM
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
AYES: COUNCIL MEMBERS: Kaywood, Bay and Overholt
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Roth and Seymour
(SEAL)
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I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify
that the foregoing Resolution No. 79R -523 was introduced and adopted at a
regular meeting provided by law, of the City Council of the City of Anaheim
held on the llth day of September, 1979, by the following vote of the members
thereof:
AND I FURTHER CERTIFY that the Mayor Pro Tem of the City of Anaheim signed
said Resolution No. 79R -523 on the .11th`day September, 1979
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this.11th day of September, 1979,
I, LINDA D. ROBERTS, City Clerk of the City of Anaheim, do hereby certify
that the foregoing is the original of Resolution No. 79R -523 duly passed
and adopted by the Anaheim City Council on September 11, 1979.