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077 13128-01 JHHW:BDQ:~a 05/06/96 05/10/96 CITY OF SANTA ANA RESOLLrTION NO. ~ - 0 5 4 A RESOLUTION APPROVING FINANCING PROCEEDINGS FOR THE CITY'S SHARE OF THE COUNTYWIDE 800 MHZ COMMUNICATIONS SYSTEM AND/OR TO FINANCE OTHER CAPITAL IMPROVEMENTS WfI'HIN THE GEOGRAPHIC BOUNDARIES OF THE CITY, APPROVING ISSUANCE OF REVENUE BONDS BY THE COUNTYI&2DE PUBLIC FINANCING AUTHORITY FOR SUCH PUII~OSE, AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTIONS RESOLVED, by the City Council (the "Council") of the City of Santa Ana (the "City"), as follows: WHEREAS, 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 (Orange County, California) 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, the Council approves all of said transactions in furtherance of the public purposes of the City, and wishes at this time to take its action approving the issuance and sale of the Bonds and the lease financing to be accomplished thereby; NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: Section 1. Approval of Bonds. The Com~cil hereby approves the issuance of the Bonds by the Authority for the purpose, among others, of providing funds to enable the City to undertake the Project. Section 2. Approval of Financing Leases. The Council hereby approves each of the following agreements required to implement the financing described in this Resolution, in substantially the respective forms on file with the City Clerk together with any changes therein or additions thereto deemed advisable by the Mayor, the City Manager or the Finance Director, whose execution thereof shall be conclusive evidence of the approval of any such changes or additions: (a) a Site and Facility Lease by and between the City, as lessor, and the Authority, as lessee, relating to the lease of the Leased Premises by the City to the Authority; and