APFA 1993-4RESOLUTION NO. APFA 93-4
RESOLUTION OF THE BOARD OF DIRECTORS OF THE
ANAHEIM PUBLIC FINANCING AUTHORITY AUTHORIZING
THE INVITATION OF PROPOSALS FOR THE PURCHASE
OF NOT TO EXCEED $20,000,000 AGGREGATE
PRINCIPAL AHOUNT OF BONDS OF SAID AUTHORITY;
APPROVING A NOTICE INVITING BIDS RELATING TO
THE BONDS AND A NOTICE OF INTENTION TO SELL
BONDS; AND AUTHORIZING THE DELIVERY OF A
PRELIMINARY OFFICIAL STATEMENT
WHEREAS, the City of Anaheim (the "City") and the Anaheim
Redevelopment 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 City; and
WHEREAS, it has been proposed that the Authority assist
the City in the financing of the replacement, construction and/or
reconstruction of the City's Lenain Filtration Plant and related
facilities, including additions and improvements thereto; and
WHEREAS, this Board of Directors deems it necessary and
proper that proposals be invited for the purchase of not to exceed
$20,000,000 aggregate principal amount of Anaheim Public Financing
Authority Revenue Bonds, 1994 Series (City of Anaheim Water Utility
Lenain Filtration Plant Project) (the "Bonds"), and that the Bonds
be sold in the manner described below;
NOW, THEREFORE, the Board of Directors of the Anaheim
Public Financing Authority, DOES HEREBY RESOLVE, DETERMINE AND
ORDER as follows:
SECTION 1. Sealed proposals for the purchase of the
Bonds shall be received by the Public Utilities General Manager or
the Public Utilities Financial Services Manager of the City (the
"Manager") at the date, time and place provided for in a Notice
Inviting Bids for the Bonds or at such other dates and times as
shall be determined by the Manager.
SECTION Z. The Manager is hereby authorized to approve
a Notice Inviting Bids for the Bonds (such approval to be
conclusively evidenced by the distribution thereof). The City
Clerk of the City is hereby authorized and directed to cause the
Notice Inviting Bids for the Bonds to be distributed to prospective
bidders for the Bonds upon their request.
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SECTION 3. The Manager is hereby authorized to approve
a Notice of Intention to Sell Bonds (such approval to be
conclusively evidenced by the publication thereof). The City Clerk
of the City is hereby authorized and directed to cause the Notice
of Intention to Sell Bonds to be distributed to prospective bidders
for the Bonds upon their request. The City Clerk of the City is
hereby authorized and directed to cause such notice to be published
once, at least fifteen (15) days prior to the earliest date for
receiving proposals stated therein, in The Bond Buyer, a financial
publication circulated throughout California, with such changes,
insertions and omissions as the Manager or the City Clerk of the
City shall approve, such approval to be conclusively evidenced by
such publication of the Notice of Intention to Sell Bonds.
SECTION 4. The Manager may withdraw or modify the Notice
Inviting Bids and the Notice of Intention to Sell Bonds, or either,
at any time by notice published via Munifacts wire or other means
determined by the Manager to be reasonably calculated to reach
potential bidders for the Bonds. If the Manager should withdraw
the Notice Inviting Bids and the Notice of Intention to Sell Bonds
at any time before the Bonds are awarded, and should at a later
date determine that it is desirable to receive bids for the Bonds,
then the City Clerk of the City is hereby authorized to
redistribute or republish the Notice Inviting Bids and the Notice
of Intention to Sell Bonds with such modifications or revisions as
are approved by the Manager.
SECTION 5. The Manager is hereby authorized to approve
a Preliminary Official Statement relating to the Bonds (such
approval to be conclusively evidenced by the delivery thereof) (the
"Preliminary Official Statement") and the Board of Directors hereby
approves the use of the Preliminary Official Statement in
connection with the offering and sale of the Bonds. The Executive
Director is authorized to deem the Preliminary Official Statement
to be final within the meaning of Security and Exchange Commission
Rule 15c2-12 subject to the completion of those items permitted by
said Rule.
SECTION 6. The City Clerk of the City and the Manager
are authorized and directed to cause to be furnished to prospective
bidders for the Bonds, upon their request, a reasonable number of
copies of the Notice Inviting Bids and the Preliminary Official
Statement.
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SECTION 7. This Resolution shall take effect immediately
upon its adoption.
THE FOREGOING RESOLUTION is approved and adopted by the
Board of Directors of the Anaheim Public Financing Authority on
this 14th day of December, 1993.
CHAIRMAN OF T~{~ ~OARD~ DIRECTORS
SECRETARY OF THE BOARD OF DIRECTORS
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CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF ANAHEIM )
I, LEONORA N. SOHL , Secretary of the Board of Directors of the
Anaheim Public Financing Authority, do hereby certify that the
foregoing Resolution No. APFA 93- 4 was introduced and adopted at
a regular meeting provided by law, of the Board of Directors of the
Anaheim Public Financing Authority held on the 14th day of December
1~93 by the following vote of the members thereof:
AYES:
NOES:
BOARD MEMBERS:
BOARD MEMBERS:
Feldhaus, Simpson, Pickler, Hunter, Daly
None
ABSENT: BOARD MEMBERS: None
AND I FURTHER certify that the Chairman of the Board of Directors
signed said Resolution No. APFA 93- 4 on the 15th day of Decembe~
1993.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
seal of the Anaheim Public Financing Authority this 15th day of
December , 1993.
SECRETARY OF THE ANAHEIM PUBLIC
FINANCING AUTHORITY
(SEAL)
I, LEONORA N. SOHL , Secretary of the Anaheim Public Financing
Authority, do hereby certify that the foregoing is the original of
Resolution No. APFA 93- 4 duly passed and adopted by the Anaheim
Public Financing Authority on December 14 , 1993.
S~RETARY OF THE ANAHEIM PUBLIC
FINANCING AUTHORITY
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94601.21