My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Item 9 Preliminary Official Statment Dated February 25, 1994
Clerk
>
Agenda Packets / Staff Reports
>
Countywide and City Public Financing Authority
>
Vol. 1- City of Santa Ana Financing Authority (Police Admin. and Holding Facility)
>
Item 9 Preliminary Official Statment Dated February 25, 1994
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/12/2020 10:27:29 AM
Creation date
5/12/2020 10:27:02 AM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
59
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Neither the City nor the Authority shall be in default in the performance of any of its obligations under <br /> the Lease (except for the obligation to pay Base Rental pursuant to the Lease) unless and until it shall have <br /> failed to perform such obligation within thirty (30) days after notice by the City or the Authority, as the case <br /> may be, to the other party properly specifying wherein it has failed to perform such obligation. <br /> Prepayment <br /> The City may prepay, from Net Proceeds received by it pursuant to the Lease, all or any portion of the <br /> components of Base Rental relating to any portion of the Leased Property then unpaid, in whole on any date, or <br /> in part on any Interest Payment Date in integral multiples of five thousand dollars ($5,000) so that the aggregate <br /> annual amounts of principal components of Base Rental payments which shall be payable after such prepayment <br /> date shall each be in an integral multiple of five thousand dollars ($5,000)and shall be as nearly proportional as <br /> practicable to the aggregate annual amounts of principal components of Base Rental Payments, with respect to <br /> the portion of the Teased Property so prepaid. <br /> The City may prepay, from any source of available funds, all or any portion of the principal <br /> components of Base Rental then unpaid, in whole on any date on or after July 1, 2003, or in part in integral <br /> multiples of five thousand dollars ($5,000) on any Interest Payment Date on or after July 1, 2003, in the order <br /> of principal payment dates determined by the City at a prepayment price equal to the sum of the principal <br /> components prepaid plus accrued interest thereon to the date of prepayment plus a prepayment premium equal to <br /> a percentage of the equal principal amount thereof, in accordance with the following schedule: <br /> Prepayment Dates Prepayment Premium <br /> July 1, 2003 to June 30, 2004 102% <br /> July 1, 2004 to June 30, 2005 101 <br /> July 1, 2005 and thereafter 100 <br /> Before making any prepayment pursuant to the Lease, at least forty-five(45) days before the <br /> prepayment date the City shall give written notice to the Authority and the Trustee describing such event, <br /> specifying the order of principal payment dates and specifying the date on which the prepayment will be made, <br /> which date shall be not less than thirty (30) nor more than sixty (60) days from the date such written notice is <br /> given to the Authority and the Trustee. <br /> Miscellaneous Provisions <br /> Maintenance. Throughout the term of the Lease, as part of the consideration for rental of the Teased <br /> Property, all improvement, repair and maintenance of the Leased Property will be the responsibility of the City, <br /> and the City will pay for or otherwise arrange for the payment of all utility services supplied to the Leased <br /> Property, and will pay for or otherwise arrange for payment of the cost of the repair and replacement of the <br /> Leased Property resulting from ordinary wear and tear or want of care on the part of the City or any assignee <br /> or sublessee thereof. <br /> The City agrees that, at all times during the term of the Lease, it will, at its own cost and expense, <br /> maintain, preserve and keep the IPased Property and every portion thereof in good repair, working order and <br /> condition and that it will from time to time make or cause to be made all necessary and proper repairs, <br /> replacements and renewals. The Authority shall have no responsibility in any of these matters or for the <br /> making of additions or improvements to the Leased Property. <br /> Liens. In the event the City shall at any time during the term of the Lease cause any improvements, <br /> including, without limitation, the Project, to the Lease Property to be constructed or materials to be supplied in <br /> or upon or attached to the Leased Property, the City shall pay or cause to be paid when due all sums of money <br /> that may become due or purporting to be due for any labor, services, materials, supplies or equipment furnished <br /> A-23 <br />
The URL can be used to link to this page
Your browser does not support the video tag.