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~ESOLUTIO, NO. 82-174 <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN~A ANA <br />APPROVING AND AU%HORIZING EXECUTION OF LOAN AND SECURITY AGREEMEN?, <br />PURCHASE AGREEMENT AND RELAI'ED DOCUMENTS PERTAINING TO <br />1982 INDUSTRIAL REVENUE NOTE <br />(SPS TECHNOLOGIES, INC.) <br /> <br /> WHEREAS, this Council on the date hereof has adopted its Resolution <br />entitled "A Resolution Authorizing the Issuance of $451,000 Principal Amnunt <br />of City of Santa Aha 198~ Industrial Revenue Note (S2S Technologies, <br />which Resolution authorizes and provides the terms of the City's 1982 <br />Industrial Revenue Note (the "Note"); <br /> <br /> WHEREAS, there has been presented to this Council certain agreements and <br />related documents pertaining to the security for, use of proceeds of and <br />purchase of the Note; <br /> <br /> WHEREAS, this Council has reviewed said agreements and related documents <br />and each and every part thereof; and <br /> <br /> WHEREAS, issuance, sale and delivery of the Note will further the public <br />purposes of this City as set forth in its Ordinance No. NS 1609 adopted on <br />November 16, 1981, and approval of said agreements and related documents will <br />be in the public interest and for the public benefit; <br /> <br />BE IT RESO_VED BY THE CITY COUNCIL OF THE CITY OF SAN~A ANA AS FOLLOWS: <br /> <br /> 1. That the following documents are hereby approved and the Mayor o¢ <br />this City is hereby authorized to execute the sm~e and the City Clerk is <br />hereby authorized to attest his signature, where required by said documents: <br /> <br />Industrial Revenue Note Purchase Agreement dated <br />as of the date hereof by Provident National Bank <br />(the "Bank") to be accepted by the City of Santa <br />Ana (the "Cit~'); an'd <br /> <br />Loan and Security Agreement, dated as of December <br />1, 1982, by and among the City, the Bank and BPS <br />Technologies, Inc. (the "Company"). <br /> <br /> 2. That the Mayor, City Clerk, Treasurer and City Manaoer of the City <br />and each of them are hereby authorized to execute such financing statements, <br />assignments, certificates, requests, receipts, notices and related documents <br />as will effectuate the delivery of the Note to the City and the cons un~ation <br />of the financing transaction contemplated by the aforesaid docoments. <br /> <br />ADOPTED, this 20th day of December, 1982, by the following vote: <br /> <br />AYES: <br /> <br />NOES: <br /> <br />ABSENT: <br /> <br />Councilmembers: Acosta, Bricken, Griset, <br /> Luxembourger, McGuigan, Serrato <br />Councilmambers: Markel <br /> <br />Councilmembers: None <br /> <br /> Al'TEST: <br /> <br />fX 7erk of t e Council / <br /> <br /> City Attorney <br /> <br /> <br />