2000-227RESOLUTION NO. 2000R-227
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM APPROVING THE ISSUANCE OF BONDS BY
THE ANAHEIM PUBLIC FINANCING AUTHORITY, AND
APPROVING THE BORROWING OF BOND PROCEEDS BY
THE ANAHEIM REDEVELOPMENT AGENCY
WHEREAS, the City of Anaheim (the "City") and the Anaheim Redevelopment Agency (the
"Agency") have heretofore entered into a Joint Exercise of Powers Agreement establishing the
Anaheim Public Financing Authority (the "Authority") for the purpose, among others, of issuing the
Authority's bonds to be used to provide financial assistance to the Agency; and
WHEREAS, the Agency is undertaking to assist the redevelopment of Anaheim
Redevelopment Project Alpha in the City (the "Redevelopment Project"), and for such purpose the
Agency has previously issued its revenue bonds from time to time, secured by certain tax allocation
revenues of the Agency; and
WHEREAS, the Agency has determined that it is in the best interests of the Agency to
finance certain redevelopment housing activities of the Agency, and the Agency has requested the
Authority to lend it funds in an amount sufficient for such purpose, including payment of associated
costs; and
WHEREAS, for the purpose of raising funds necessary to provide such financial assistance to
the Agency, the Authority proposes to authorize the issuance of revenue bonds (the "Bonds") in two
distinctive series under the provisions of Article 4 (commencing with Section 6584) of Chapter 5 of
Division 7 of Title 1 of the Government Code of the State of California, designated as the Anaheim
Public Financing Authority 2000 Tax Allocation Revenue Bonds (Redevelopment Project Alpha)
Series A and Series B (Taxable); and
WHEREAS, the proceeds of the Bonds will be applied to make a loan (the "Loan") to the
Agency pursuant to a Loan Agreement dated as of November 1, 2000, subject to such changes as
may be approved by the Agency pursuant to its authorizing resolution (the "Loan Agreement"); and
WHEREAS, the City Council approves of said transaction on the part of the Agency as being
in the public interest of the City, the Agency and the Authority.
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED by the City
Council of the City of Anaheim, as follows:
SECTION 1. Approval of Loan; Loan Agreement. The issuance of the Bonds by the
Authority, the entering into of the Loan Agreement by the Agency, the Loan made to the Agency
pursuant thereto in two parts in an aggregate principal amount not to exceed $34,000,000, and the
application of the net proceeds of the Loan to finance certain redevelopment housing activities of the
Agency are hereby approved.
DOCSOC\768930v4\22621 0085
SECTION 2. Effective Date. This Resolution shall take effect from and after the date of its
passage and adoption.
The FOREGOING RESOLUTION was approved and adopted by the City Council of the
City of Anaheim this2.~d:/m day of October ,2000, by the following vote:
I~a~r of the City of Ana~im
ATTEST:
City Clerk o~he Cit~ of Anaheim
APPROVED AS TO FORM:
DOC SOC\768930v4~22621 0085
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
Resolution No. 2000R-227 was introduced and adopted at a regular meeting provided by law, of
the Anaheim City Council held on the 24th day of October, 2000, by the following vote of the
members thereof:
AYES:
MAYOR/COUNCIL MEMBERS: Feldhaus, Kring, Tait, McCracken, Daly
NOES:
MAYOR/COUNCIL MEMBERS: None
ABSENT:
MAYOR/COUNCIL MEMBERS: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of
Anaheim this 24th day of October, 2000.
(~,ITY CL~RK Of THE CITY Of ANAHEIM
(SEAL)
I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing
is the original of Resolution No. 2000R-227 was duly passed and adopted by the City Council of
the City of Anaheim on October 24th, 2000.
CI'I/'Y CLERI/,C:~F THE CITY OF ANAHEIM