1998-002 SAFA - Laserfiche WebLink

Home Browse Search

SANTA AIWA FINANCING AUTHORITY RESOLU'I~ON NO. 9 8-0 0 2 -SAFA RESOLUTION APPROVING REVISED BOND FINANCING DOCUMENTS AND AUTHORIZING AND DIRECTING ACTIONS WITH RESOLVED, by the Board of Directors (the "Board") of the Santa Ana Financing Authority (the "Authority"), as follows: WHEREAS, on April 6, 1998, the Board adopted a resolution entitled "Resolution Authorizing Issuance of Revenue Bonds, Approving, and Authorizing and Directing Execution of Certain Lease and Bond Financing Documents and Authorizing and Directing Actions with Respect Thereto" (the "Prior Resolution"), which Prior Resolution approved various documents related to, and authorized the issuance of, two series of revenue bonds of the Authority (the "Bonds") in an aggregate principal amount of not to exceed $95,000,000; and WHEREAS, in connection with the marketing of the Bonds for sale to investors, it was determined that it would be advantageous to the Authority to issue the Bonds in three separate series, and the documents approved by the Prior Resolution have been received accordingly; and WHEREAS, the revised documents listed below are on file with the Secretary, and the Board, with the assistance of staff of the City of Santa Ana and the Community Redevelopment Agency of the City of Santa Aha (the "Agency"), has reviewed said documents and now desires to approve them so that the Bonds can be delivered to the purchasers thereof as contemplated by the documents. NOW, THEREFORE, it is hereby DECLARED, ORDERED and DETERMINED as follows: Section 1. Additional Series of Bonds. The Board hereby authorizes the issuance of the Bonds in three series, as set forth on the revised Indenture of Trust referenced below, in an aggregate principal amount not in excess of the authorized amount set forth in the Prior Resolution. Section 2. Approval of Revised Documents. The below-enumerated documents, in the revised forms on file with the Secretary, be and are hereby approved, and the Chairman, the Executive Director or the Treasurer is hereby authorized and directed to execute and deliver, for and on behalf of the Authority, said documents in such revised form together with such changes, insertions or deletions as may be approved by the official executing such documents upon consultation with the Authority's general counsel and Bond Counsel, the approval thereof to be conclusively evidenced by the execution and delivery by the Authority, of the respective documents. The Secretary, is hereby authorized and directed to attest such official's signature to such documents, where indicated by any such document. (a) Indenture of Trust, between the Authority and Dai-Ichi Kangyo Bank of California, as trustee (the "Trustee");