93-197 I 1009 -74 JHHW:BDQ:rhc 08~26~93
TEFRA Resolution 09~07~93
CITY OF ANAHEIM, CALIFORNIA
RESOLUTION NO. 93R-..197
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 Anahe'nu (the "City") as follows:
W¥1EREAS, the City proposes the execution and delivery of a First Installment Sale
Agreement Relating to Health Facilities, to be dated as of October 1, 1993, 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
n~,,' . purchaser (the "Agreement"), for the purpose of providing for the refinancing 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 des'n'ing 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 delive~ of the
Agreement in the maximum aggregate principal amount of $50,000,000 is hereby approved for the
purpose of providing financing for the refunding of a prior fixst installment sale agreement
executed and delivered in 1990 to (a) 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) f'mance 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 28th day of September, 1993.
ATIEST:
CITY CLERK OF THE CITY OF
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. 93R-197 was Introduced and adopted at a regular meeting provEled by law, of the Anaheim City Council
held on the 28th day of September, 1993, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Feldhaus, Hunter', Piclder, 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. 93R-197 on
the 29th day of September, 1993.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim
this 29th day of September, 1993.
CITY 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
of Resolution No. 93R-197 was duly passed and adopted by the City Council of the City of Anaheim on
September 28, 1993.
CITY CLERK OF THE CITY OF ANAHEIM