Laserfiche WebLink
319 <br /> <br />RESOLUTION NO. 95-082 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA APPROVING AND AUTHORIZING EXECUTION OF A <br />SUPPLEMENTAL TRUST INDENTURE RELATING TO ITS <br />VARIABLE RATE DEMAND INDUSTRIAL DEVELOPMENT <br />REVENUE REFUNDING BONDS (CIVIC CENTER MEDICAL ARTS <br />PROJECT), 1992 SERIES A <br /> <br /> RESOLVED, by the City Council (the "City Council") of the City of Santa Ana (the <br />"City"), that: <br /> <br /> WHEREAS, the City and Seattle-First National Bank, as trustee (the "Trustee") are parties <br />to an Indenture of Trust, dated as of April 1, 1992, as amended (the "Indenture"), securing <br />$4,168,000 initial aggregate principal amount of Variable Rate Demand Industrial Development <br />Revenue Refunding Bonds (Civic Center Medical Arts Project), 1992 Series A of the City (the <br />"Bonds"); <br /> <br /> WHEREAS, Civic Center Medical Arts Associates, A California Limited Partnership, the <br />owner of the commercial facilities refinanced with the proceeds of the Bonds issued under the <br />Indenture (the "Borrower"), has requested that the City and the Trustee amend the Indenture in <br />connection with the providing of a confirmation for the letter of credit securing the payment of <br />the principal and purchase price of and interest on the Bonds; <br /> <br /> WHEREAS, said amendment has been set forth in proposed Supplemental Trust <br />Indenture No. 2, dated as of December 1, 1995 ("Supplemental Trust Indenture No. 2"), and in <br />the form on file with the City Clerk, and this City Council now desires to approve said <br />document in order to allow for thg providing for the confirmation of the Letter of Credit; <br /> <br /> NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED by the City <br />Council of the City of Santa Aha, as follows: <br /> <br /> 1. Supplemental Trust Indenture No. 2, in the form on file with the City Clerk, is <br />hereby approved. The Mayor, City Manager, Deputy City Manager or Executive Director of <br />Finance (the "Authorized Issuer Representatives"), and each of them, are hereby authorized and <br />directed, for and in the name and on behalf of the City, to execute and deliver Supplemental <br />Trust Indenture No. 2, and the City Clerk is hereby authorized and directed, for and in the <br />name and on behalf of the City, to attest the Authorized Issuer Representative signature and <br />affix the seal of the City to Supplemental Trust Indenture No. 2, in said form, together with such <br />additions thereto or changed therein as are recommended or approved by the Authorized Issuer <br />Representatives, the approval of such additions or changes to be conclusively evidenced by the <br />execution and delivery of Suppleniental Trust Indenture No. 2 by the Authorized Issuer <br />Representatives. <br /> <br /> 2. The Authorized Issuer Representatives and all other officers of the City are <br />hereby authorized and directed, for and in the name and on behalf of the City, to do any and all <br />things and take any and all actions and execute and deliver any and all certificates, agreements <br />and other documents which they, or any of them, may deem necessary or advisable in order to <br />consummate the amendments to the Indenture contemplated by Supplemental Trust Indenture <br />No. 2. <br /> <br />3. This resolution shall take effect immediately upon its adoption. <br /> <br /> <br />