Laserfiche WebLink
<br />A. The Site Lease, by and between the City, as lessor, and the <br />Authority, as lessee, pursuant to which the City will lease certain <br />real property (the "Site") to the Authority; and <br /> <br />B. The Lease Agreement, by and between the Authority, as lessor, <br />and the City, as lessee, pursuant to which the Authority will lease <br />the Site and the Improvements back to the City, so long as the term <br />of the Lease Agreement does not exceed thirty years, the total <br />amount of the principal portion of the rent payable under the Lease <br />Agreement does not exceed $3,000,000 and the interest rate <br />payable with respect to the Lease Agreement does not exceed <br />4.30%. <br /> <br />Section 3. The firm of Northcross Hill & Ach LLC is hereby retained as financial <br />advisor to the City in connection with the lease financing approve by this resolution. The <br />Mayor, the City Manager, the Finance Director, or the designee of any such official, is <br />authorized to execute a financial advisory agreement with such firm in such form as <br />shall be approved by the City Attorney. <br /> <br />Section 4. The firm of Quint & Thimmig LLP is hereby retained as bond counsel <br />to the City in connection with the lease financing approve by this resolution. The Mayor, <br />the City Manager, the Finance Director, or the designee of any such official, is <br />authorized to execute a financial advisory agreement with such firm in such form as <br />shall be approved by the City Attorney. <br /> <br />Section 5. The Mayor, the City Manager, the Finance Director, the City Clerk and <br />all other appropriate officials of the City are hereby authorized and directed to execute <br />such other agreements, documents and certificates as may be necessary to effect the <br />purposes of this resolution and the financing herein authorized. <br /> <br />Section 6. This Resolution shall take effect immediately upon its adoption by the <br />City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br /> <br />ADOPTED this <br /> <br />day of <br /> <br />,2005. <br /> <br />Miguel A. Pulido <br />Mayor <br /> <br />Resolution No. 2005- <br /> <br />Page 2 of 3 <br /> <br />JT25L-5 <br />