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4530ORDINANCE NO. 4530 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA AMENDING CERTAIN PROVISIONS OF ORDINANCE NO. 4415 OF THE CITY COUNCIL. WHEREAS, the City Council of the City of Anaheim (the "City") at its meeting on April 26, 1983, adopted an Ordinance desig- nated as Ordinance No. 4415 providing for the procedures for the issuance, sale and securing of water revenue anticipation notes (the "Notes") of the City and providing the terms and conditions of the Notes (the "Ordinance"); and WHEREAS, the City and Bank of America National Trust & Savings Association (the "Bank") have heretofore entered into a Revolving Credit Agreement dated June 1, 1983, related to the Notes; and WHEREAS, the City Council has determined that it is neces- sary and desirable that the City Council amend the Ordinance to revise the purposes for which the Notes may be issued; and WHEREAS, the City has obtained or will obtain the consent of the Bank to the amendments of the Ordinance hereinafter set forth; and WHEREAS, currently the City has no Notes outstanding; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM DOES ORDAIN AS FOLLOWS: SECTION 1. The second "WHEREAS" clause of the Ordinance is hereby amended to read, in its entirety, as follows: WHEREAS, the City of Anaheim incurs expenditures with respect to its water system; and SECTION 2. The fourth "WHEREAS" clause of the Ordinance is hereby amended to read, in its entirety, as follows: WHEREAS, the City Council has determined that it is in the best interests of the City of Anaheim to issue and sell Water Revenue Anticipation Notes pursuant to said Section 1210 of the Charter to defray certain of the expenditures made or to be made with respect to its water system; SECTION 3. Sub -section (m) of Section 1 of the Ordinance is hereby amended to read, in its entirety, as follows: (m) "Ordinance" or "this Ordinance" means Ordinance No. 4415 as from time to time amended or supplemented in ft accordance with the terms of Ordinance No. 4415 and the Charter. SECTION 4. Section 2 of the Ordinance is hereby amended to read, in its entirety, as follows: Section 2. Creation, Amount. Designation and Purpose of Issue. In accordance with Section 1210 of the Charter, there is hereby prescribed a procedure for the sale, secu- rity and issuance from time to time of the Notes. The principal amount of the Notes Outstanding in accordance with their terms at any one time shall not exceed 25% of the gross revenue earned by the Enterprise during the imme- diately preceding fiscal year as set forth in the audited financial statements of the Enterprise for such year or the maximum aggregate amount of the revolving Water System Credit available to the City as described in the Revolving Credit Agreement, whichever is less. The Notes shall be known as "City of Anaheim Water Revenue Anticipation Notes" and shall be sold, secured and issued on such terms and conditions as are hereinafter set forth, for the purpose of defraying expenditures made or to be made for repairs, enlargements, extensions or improvements of the Enterprise. SECTION 5. Sub -section (a) of Section 3 of the Ordinance is hereby amended to read, in its entirety, as follows: (a) Municipal Affairs. The financing and payment by the City through the Notes of expenditures made or to be made in the repair, enlargement, extension or improvement of the Enterprise are incidental to the procurement and distribution of water by the City and as such constitute municipal affairs of the City which are not statewide concerns. SECTION 6. The City Clerk shall cause this Ordinance to be published once within fifteen days after its adoption, in Tha Anaheim Bulletin, the official newspaper of the City. SECTION 7. This Ordinance shall become effective thirty days from and after the date of its adoption. Except as amended hereby, Ordinance No. 4415 remains in full force and effect. -2- 1984. ADOPTED, SIGNED AND APPROVED this 14th day of August, Mayor Attest: Leonora N. Sohl, _ City Clerk City Clerk -3- STATE OF CALIFORNIA ) COUNTY OF ORANGE ) as. CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Ordinance No. 4530 was introduced at a regular meeting of the .City Council of the City of Anaheim, held on the 7th day of August, 1984, and that the same was duly passed and adopted at a regular meeting of said City Council held on the 14th day of August, 1984, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Kaywood, Bay, Overholt, Pickler and Roth NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Ordinance No. 4530 on the 14th day of August, 1984. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 14th day of August, 1984. C TY CLERK OF THE CITY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original Ordinance No. 4530 and was published once in the Anaheim Bulletin on the 24th day of August, 1984.