93-112 CITY OF ANAHEIM RESOLUTION NO. 93-112
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM,
CALIFORNIA APPROVING A REVOLVING CREDIT AGREEMENT
RELATING TO ELECTRIC REVENUE ANTICIPATION NOTES OF SAID
CITY AND ~UTHORIZING THE EXECUTION AND DELIVERY THEREOF
WHEREAS, Section 1210 of the Charter of the City of
Anaheim (the "City") provides that the City Council shall by
Ordinance prescribe a procedure for the issuance of its Electric
Revenue Anticipation Notes; and
WHEREAS, the city Council adopted Ordinance No. 5032 on
June 20, 1989, providing for the procedures for the issuance and
sale of the Electric Revenue Anticipation Notes of the City and
providing the terms and conditions of said Notes (such Ordinance,
as amended, is hereinafter referred to as the "Ordinance"); and
WHEREAS, the City Council has determined that it is
necessary to authorize the City to enter into a Revolving Credit
Agreement with Bank of America National Trust and Savings
Association and Morgan Guaranty Trust Company of New York (the
"Revolving Credit Agreement"); and
WHEREAS, the Revolving Credit Agreement authorizes any
Authorized Person (as defined in Resolution No. 89R-295, as
amended, adopted by the City Council on July 18, 1989) to extend
the Revolving Credit Agreement pursuant to the terms thereof;
WHEREAS, the City Council desires to authorize the proper
officers of the City to take all necessary steps to complete the
transactions contemplated by this Resolution and the Revolving
Credit Agreement;
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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM
DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The form, terms and provisions of the
Revolving Credit Agreement, in the form submitted to this meeting,
are hereby approved and adopted. The Mayor of the city and the
City Clerk are hereby authorized and directed to, respectively,
execute and deliver and attest and seal said Revolving Credit
Agreement. The Revolving Credit Agreement shall be executed in the
form hereby approved, with such changes, additions and omissions as
are approved by the Public Utilities General Manager (or, in the
absence of the Public Utilities General Manager, the Public
Utilities Financial Services Manager), such approval to be
conclusively evidenced by the execution and delivery of such
Agreement.
SECTION 2. The Mayor, the City Manager, the Public
Utilities General Manager and the Public Utilities Financial
Services Manager, the City Clerk, City Attorney and city Treasurer
and the other officers and officials of the City are hereby
authorized and directed, jointly and severally, for and in the name
of the City, to do any and all things and to execute and deliver
any and all documents which they, or any of them, may deem
necessary and advisable in order to achieve the consummation of the
transactions contemplated by the Revolving Credit Agreement and
this Resolution, and such actions previously taken by such officers
are hereby ratified and confirmed.
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SECTION 3. This Resolution shall be effective
immediately.
ADOPTED, SIGNED AND APPROVED this ~ day of June, 1993.
Mayor ~
Attest:
City Clerk
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CLERK
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. 93-1~was introduced and
adopted at a regular meeting provided by law, of the City Council
of the city of Anaheim held on the 22ndday of June 1993, by the
following vote of the members thereof:
AYES: COUNCIL MEMBERS: Feldhaus, Hunter, Pickler, Simpson, Daly
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed
said Resolution No. 93-11__2on the 23rd day of June, 1993.
IN WITNESS WHEREOF, I have set my hand and affixed the seal of the
City of Anaheim this 23rd of June, 1993.
CITY CLERK
OF THE CITY OF ANAHEIM
(SEAL)
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