75C - POLICE FACILITIES BONDS - Laserfiche WebLink

Home Browse Search

certain financial information and certain matedal events on an ongoing basis; In order to cause such requirement to be satisfied, the City desires to execute and deliver a Continuing Disclosure Certificate (the "Continuing Disclosure Certificate"); The City is a member of the Authority and the Project is located within the boundaries of the City; On this date, the City held a public hearing on the refinancing of the Project in accordance with Section 6586.5 of the Act, which hearing was held at 60 Civic Center Plaza, Santa Ana, California; In accordance with Section 6586.5 of the ACt, notice of such hearing was published once at least five days prior to the hearing in the Orange County Register, a newspaper of general cimulation in the City; The City Council has been presented with the form of each document referred to herein relating to the refinancing contemplated hereby, and the City Council has examined and approved each document and desires to authorize and direct the execution of such documents and the consummation of such refinancing; and All acts, conditions and things required by the laws of the State of California and the City Charter of the City to exist, to have happened and to have been performed precedent to and in connection with the consummation of such refinancing authorized hereby do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the City is now duly authorized and empowered, pursuant to each and every requirement of law, to consummate such refinancing for the purpose, in the manner and upon the terms herein provided; Section 1. Council so finds. All of the recitals herein contained are true and correct and the City Section 2. The City Council, on behalf of the City, hereby finds that the use of the ACt to assist the City in refinancing the Project will result in significant public benefits to the citizens of the City because it is expected that such use will provide demonstrable savings in effective interest rate costs. Section 3. The form of the First Lease Amendment, on file with the City Clerk, is hereby approved, and the Mayor of the City, or such other member of the City Council as the Mayor may designate, the City Manager of the City and the Director of Finance of the City (the "Authorized Officers"), are each hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the First Lease Amendment in substantially said form, with such changes, insertions and omissions therein as the 7 _~es t~io~No. 2004-007 Page 200