HomeMy WebLinkAboutRDA Res 96-1 1996-05-28
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RESOLUIlONNO.$ -/
A RESOLUIlON APPROVING 1HE LEASE OF CERTAIN PROPERlY TO THE
CITY OF SEAL BEACH IN CONNECIlON WITH FINANONG PROCEEDINGS
FOR THE CITY'S SHARE OF 1HE COUNTYWIDE 800 MHZ
COMMUNICATIONS SYSTEM AND/OR TO FINANCE OTHER CAPITAL
IMPROVEMENTS WI1lDN 1HE GEOGRAPHIC BOUNDARIES OF THE CITY,
AND APPROVING RELATED DOCUMENTS AND OmOAL ACIlONS
RESOLVED, by the Redevelopment Agency of the City of Seal Beach (the "Agency"), as
follows:
WHEREAS, the City of Seal Beach (the "City") is proceeding to finance its share of the
Countywide 800 MHz communications system and/or to finance other capital improvements
within the geographic boundaries of the city (collectively, the "Project"), and the City has
proposed to implement a lease financing for the purpose of raising the funds to finance the
Project;
WHEREAS, for the purpose of obtaining the moneys required to finance the Project, the
City proposes to lease one or more existing real property sites and the buildings thereon
(collectively, the "Leased Premises"), to the Countywide Public Financing Authority (the
"Authority"), which has been formed for the purpose of assisting the City and other member
cities in connection with their financing needs, and to lease the Leased Premises back from the
Authority, and the Authority proposes to issue its Countywide Public Financing Authority 1996
Revenue Bonds (the "Bonds") which will be secured by rental payments made by the City under
such lease and by rental payments to be made by such other member cities under separate
leases; and
WHEREAS, to facilitate the financing of the Project, and in furtherance of the public
purposes of the Agency, the Agency wishes at this time to approve the lease of the Leased
Premises, title of which is currently held by the Agency, to the City;
NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows:
Section 1. Approval of Agency Site and Facility Lease. The Agency hereby approves an
Agency Site and Facility Lease, by and between the Agency and the City, substantially in the
form on file with the Secretary, together with any changes therein or additions thereto deemed
advisable by the Chairman, the Executive Director or the Treasurer, whose execution thereof
shall be conclusive evidence of the approval of any such changes or additions.
The Chairman, the Executive Director or the Treasurer is hereby authorized and directed
for and in the name and on behalf of the Agency to execute, and the Secretary is hereby
authorized and directed to attest and affix the seal of the Agency to, the final form of the
Agency Site and Facility Lease.
Section 2. Official Actions. The Chairman, the Executive Director, the Treasurer , the
Secretary and all other officers of the Agency are each authorized and directed in the name and
on behalf of the Agency to make any and all assignments, certificates, requisitions, agreements,
notices, consents, instruments of conveyance, warrants and other documents, which they or any
of them might deem necessary or appropriate in order to consummate any of the transactions
contemplated by the documents approved pursuant to this Resolution. Whenever in this
Resolution any officer of the Agency is authorized to execute or countersign any document or
take any action, such execution, countersigning or action may be taken on behalf of such officer
by any person designated by such officer to act on his or her behalf in the case such officer shall
be absent or unavailable.
Section 3. Effi:l:1. This Resolution shall take effect immediately.
Resolution Number 96 -/
PASSED, APPROVED and ADOPTED by the
city of j~-t Beach, Cal nia, at a
on the ~ day of
vote:
Redevelopment Aqency of the
special meeting thereof held
, 1996 by the followinq
AYES:
Aqencymembe
NOES:
ABSENT:
Aqencymember
ATTEST:
~r/A~
a1rman
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of the City of Seal Beach, California,
do hereby certify that the ~eq~nq resolution is a copy of the
oriqinal Resolution Number - on file in the office of the
City Clerk, passed, approv d and adopted by the Redevelopment
;;~~y of the City of al Beach at a meetinq thereof held on the
~ day of , 1996.
r'\
. ,
C()-y Clerk
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