Laserfiche WebLink
235 <br /> <br />RESOLUTION NO. 94-.0--51 <br /> <br />RESOLUTION OF THE CITY OF SANTA ANA APPROVING <br />A FORM OF MASTER INSTALLMENT PURCHASE <br />AGREEMENT. SUPPLEMENT THERETO AND ESCROW <br />A~REEMENT,% MAKING CERTAIN DETERMINATIONS <br />RELATING THERETO; AND AUTHORIZING CERTAIN <br />OTHER ACTION IN CONNECTION THEREWITH <br /> <br /> WHEREAS, the City of Santa Ana (the "City") is a <br />municipal corporation duly organized and validly existing under <br />the Constitution and laws of the State of California and <br />authorized to transact business and exercise its powers, all <br />under and pursuant to the Constitution and laws of the State of <br />california; and <br /> <br /> WHEREAS, the City and the City of Santa Ana Financing <br />Authority (the "Authority"), a joint powers authority, duly <br />organized and existing under the laws of the State, propose to <br />enter into various agreements to provide for the acquisition and <br />construction and the refinancing of certain municipal water <br />facilities (the "Project"), and so that the City may act, under <br />certain circumstances, as the agent of the Authority to carry out <br />the acquisition and construction of the Project; and <br /> <br /> [WHEREAS, there has been presented at this meeting a <br />form of Master Installment Purchase Agreement and Supplement <br />thereto and Escrow Agreement pursuant to which the city will <br />acquire and refinance the Project, subject to the terms thereof; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED <br />BY THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br /> SECTION 1. Approval of Master Installment Purchase <br />Agreement. The form of Master Installment Purchase Agreement <br />dated as of August 1, 1994, by and between the City and the <br />Authority (the "Agreement") presented at this meeting is hereby <br />approved and the Mayor of the city, the'City Manager, or the <br />designe~ Of the Mayor or the City Manager, acting singly, and the <br />City Clerk are hereby authorized and directed, for and in the. <br />name of and on behalf of the City, to execute, acknowledge and <br />deliver the Agreement substantially the form presented at this <br />meeting with such changes therein as the officers~ executing the <br />same may approve, such approval to be conclusively evidenced by <br />the execution and ~elivery thereof. <br /> <br /> SECTION 2. APProval of Supplement. The form of <br />Supplement to the Agreement dated as of August 1, 1994, by and <br />between the City and the Authority (the "Supplement"), presented <br />at this meeting is hereby approved and the Mayor of the City, the <br />city Manager, or the designee of the Mayor or the city Manager, <br />acting singly, and the city Clerk are hereby authorized and <br />directed, for and in the name of and on behalf of the City, to <br /> <br /> <br />