1985-36111009-13 JHHW:SSW:cmw
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RESOLUTION N0. 85R-361
03/28/85 2566W
06/17/85
06/27/85
07/03/85
07/21/85
07/24/85
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM
AWARDING SALE OF CERTIFICATES, APPROVING AND AUTHORIZING EXECUTION
OF LEASE AGREEMENT, TRUST AGREEMENT, AND AGENCY AGREEMENT, AND AUTHORIZING
AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO
RESOLVED by the City Council of the City of Anaheim, California, as
follows:
WHEREAS, the City Council has heretofore adopted resolutions calling for
bids for certificates of participation, authorizing approval of official
statement and official notice of sale and authorizing and directing certain
actions with respect thereto, and pursuant to said resolutions the City Clerk
of the City has received, opened and reviewed bids for said certificates of
participation;
WHEREAS, there have been presented to this Council the agreements more
,...-. particularly described below and this Council has, with the aid of its staff,
reviewed said agreements and each and every part thereof; and
WHEREAS, it is in the public interest and for the public benefit that
this Council award the sale of the Certificates of Participation described in
the Trust Agreement referenced below and authorize the execution of the
agreements described below;
NOW, THEREFORE, it is hereby ORDERED and DETERMINED as follows:
1. That the Certificates of Participation referenced in the
below-described Trust Agreement be awarded to Bank of America** , the
apparent low bidder, for the price and at the interest rate set forth in its
bid.
2. That the following documents be and are hereby approved and that tt~e
Mayor be and is hereby authorized to execute said documents and the City Clerk
be and is hereby authorized to attest his signature:
(i> Lease Agreement Relating to Capital Improvements Project C
,,~.. by and between Anaheim Public Improvement Corporation (the
"Corporation") as lessor and the City of Anaheim (the "City") as lessee,
dated as of August 1, 1985;
**Bank Of America NT & SA and Associates
(ii) Trust Agreement Relating to Capital Improvements Project C,
by and among Security Pacific National Bank, as Trustee, the Corporation
and the City, dated as of August 1, 1985;
(iii) Agency Agreement Relating to Acquisition, Construction and
Installation of Capital Improvements Project C, by and between the
Corporation and the City, dated as of August 1, 1985; and
(iv> Official Statement dated August 13, 1985.
3. That the City's Special Counsel be and is hereby directed to
complete the payment schedules and interest rates in the documents listed in
paragraphs (i) through (iii> of Section 2 of this Resolution to conform to the
bid of the successful bidder approved by the City on the date hereof and that
the City's Financial Advisor be and is hereby directed to complete the dollar
amounts, payment schedules and interest rates in the document listed in
paragraph (iv> of Section 1 of this Resolution to conform to the bid of the
successful bidder approved on the date hereof.
4. That the Mayor, City Manager, Finance Director and City Clerk be and
are hereby authorized to approve insertions of legal descriptions and any
nonsubstantive changes in the documents listed in Section Z of this Resolution
as are necessary to reflect accurately the transactions set forth in sa?d
documents.
5. That the Mayor, City Manager, Finance Director, City Glerk and other
officers of the City are authorized and directed to execute Cuch certificates,
agreements and other closing documents as are necessary to consummate the
transactions co~ntemp1ated by the documents set forth in Section 2 of this
Resolution.
THE FOREGOING RESOLUTION is approved and adopted by the City Council of
the City of Anaheim this 13th day of August, 1985.
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MAYOR OF THE CITY OF ANAHEIM
ATTEST:
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CITY CLERK OF HE CITY OF AHEIM
ASSISTANT
2
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 85R-361 was introduced and adopted at a regular -"'~,,,
meeting provided by law, of the City Council of the City of Anaheim held on
the 13th day of August, 1985, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Overholt, Pickler and Roth
NOES: COUNCIL MEMBERS: Bay
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 85R-361 on the 13th day of August, 1985.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 13th day of August, 1985.
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ASSISTANT CITY CLERK OF THE C OF ANAHEIM
{SEAL)
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 85R-361 duly passed and
adopted by the Anaheim City Council on August 13, 1985.
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