HomeMy WebLinkAboutCity of Brea- Resolution No. 96-67 CITY OF BREA
RESOLUTION NO. 96-67
A RESOLUTION APPROVING FINANCING PROCEEDINGS FOR THE CITY'S
SHARE OF THE COUNTYWIDE 800 MHZ COMMUNICATIONS SYSTEM,
APPROVING ISSUANCE OF REVENUE BONDS BY THE COUNTYWIDE
PUBLIC FINANCING AUTHORITY FOR SUCH PURPOSE,AND APPROVING
RELATED DOCUMENTS AND OFFICIAL ACTIONS
RESOLVED, by the City Council (the "Council") of the City of Brea (the "City"), as
follows:
WHEREAS, the City is proceeding to finance its share of the Countywide 800 MHz
communications system (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 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 Council 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
(b) a Lease Agreement by and between the Authority, as lessor, and the City, as lessee,
relating to the lease of the Leased Premises by the Authority back to the City, so long as the
VIN110417V0 tan a/0 10 Ski 40 ¢(11 0 AAIO
®B 103aAV
1dd001NLN1371d NO 1CNItr81G0911L d0 Ad00 A03GG00 0NV 30GA 770d V Al AG3110k1ISt11 4N1003G0d 3N1
•ATal2Tpauaun pa;;a a)Te;iiugs uopnlosa>j s}gy •pa;;g •9 not;aas
•aigsgm mun ao luasge
ag hugs sang;o Mans asea au}u};iegag sag so Gni uo;Du of saag;o ipns Aq pa;muS?sap uosaad Auu
Aq aaaT;;o ipns;o ;iugag uo ua)ie; ag Amu uopam ao Su}uSpssa;unoa 'uopnaaxa gans 'uopas Aug
mu;ao ;uaumaop Aue uS}saa}unoa so a;naaxa o; paz?aog}nu sp Alp) ammo aao?;;o Sue uou}niosag
spgl u} aanauauJ •uopniosaa sp; of ;unnsand panoaddu s}uaumaop ag} Ag palmicivaaluo0
suonausuuz} am ;o clue a;uusumsuo o; aapao up altpdosdde ao Aamssaaau uuaap }gS}ua wagjo
but ao Mail gppgM'sivauunaop sago pue slunaatna'aaueAanuoa;o sluauma}sup's;uesuo 'saapou
's;uausaasSm 'suo?;nsmbas 'sa}uo?;paaa 's;uauauSpssm Tie puu bum axew o} Alp) ag; ;o ;Tugag
uo put auruu ail u} pa;aaa?p pue pazpog;nu gaua aau A}?j ag} ;o saaai;;o aag}o piu pun )iaaij
tin) ag} 'so;aaa1Q aaumupj ail 'aaStueyl A;}) ag} 'aoXEN agy •suopay Tepp;;o •S uot;aas
•sal}snasapun am dg luauuam s re?a?330 imu?d aui};o uo?;ngta;spp
asp sazraog;nu Agaaag Tpuno) agy •(„;uauuale;s iupu;;o Pula, ag;) ;uaura;m;s Tup?;;o
;o uuao; Teug u of suo?p}ppu ao UT sa&umga Auu anoadde of pa;aaapp pus pazpog;nm Agasag
s} ao;aaa}Q aauuu1d ag} ao aa2eumyAT STD all 'sokeN agy •panosdde )(gang s} spuog ag;;o arms
ag; ga.}na uopaauuo up sal}ahUapun ag; gig }uauia}u}s iepp;o AatuuunTaag am ;o uopngtals}Q
'emu gans ;o Sunauam ag; up;TM pug pauiaap uaag smg ;uaurasejs im?a?33o Aanupuanasg
ag; wig uopuupuuaa;ap s,ppuno) ag; Supm}s a}ta};paaa alpudoaddu um a;naaxa o; pazpog}nu
Agaaag s} ao;aa1TQ aaueupd am so aaSuuey\i d}p)ag} 'aoXuw agy•xaal) d}})am Tim alp uo tun;
am XTimpue}sgns u} 'Alp) asp umg; sago s;usdppaed Supueup of S1};m}aa mantis uoptuaao;up
Suppnpxa '(„}uauta;e}g Tepp;;o Xaeu}ua}lasd„ ag}) spuog aril Su?g?aasap 4Uanra;m;s im?ay;o
Areu?uniaad ag} 't£6L ;o lay a2unnaxg sa?}?anoas ag; ;o ZT-ZasT ain?I Jo Suuumam ag} uNT+?M
'null swoop 6gasag put 'sanosddu )(gang 'nu-flop agy •;uaurale;s Tep?;;Q 'y uotpas
•suop}ppm so sa$unga gans 6uu;o Tunosdde ag;;o aauaprna anpsnpuo0
ag Timis ;oaaa4 uopnaaxa aso4M 'so;aaa}Q aausuid ail so aaSpumJAI 6l?) am 'soXuyq ail gig
aTges}npm pauraap olasag;suopTppe ao u}asa p sa2umga but g;}v,1ag}a2o;)Taal)LC?)ag}g}1M alp
uo sun; ag;6llu}pm;sins up 'suopm}uasasda)J;o aa;;a7 am sanosddt Agasag Tpuno)agy
•As?) ag};o spaau$upueup;
ag} lunoaam mu! Supxm; sopas?Q aaueuid ag; so aa8tuEY4 X;p) ag; 'aoXmyj ag; Ag pau?xualap
ag Ann sm'aurp o;aun;uzoa;A}uog}ny ag}Mfg pans? aam gap am salsas aldpinut u?ao'sa?sas 0T2u?s
e up pans?ag Amur spuog agy %L paaaxa jou saop (salpanuapun ag} 0;uoplesuaduroa aln;psuoa
lou saop gppgna ;unoasga anssp Tsu}S}so ;o anTsUTaxa) }unoDs}p s,sansmaapun ag; sn Suoi os
put 000'00£'3 paaaxa }ou saop X;p) aril o} aTgeaollm aau gap4M Nos spuog;o ;unouae Tedpupd
am se Suop os 'so;aaa?Q a0ueu1d ag; ao 1a$nutIAl A;?) am 'aoAmy1 asp gig aTgms}npu ao tfstssaaau
pauraap ag Ann ss upaaagl sa2utrp so 0101014; suop}ppu bun aarga2o; 'xsaj) A;p) ag} mina
app;uo Uaao; asp up AAtpuelsgns 'dl}soglny aril pue sal}IMaapun ag; uaanyag put rig'(„puquo)
asegamg puog„ am) ;uamaa1S2 asegaand puog up g;ao;;as suo}}?puog pum stun}ag; o;}uunsand
(„aa;paMaapun„ ag}) )ZZ Sa0g2unoA. sg auols 04 spuog ag; ;o ales palm?;oMau ag; sanoadds
Agaaag Tpuno) agy •suopu;uasasdag ;o sal;a1 :X;poi;ny Mfg spuog ;o aims •£ uo};oas
•s;uaumaop Sup$aao;
ag} ;o 9u0 ;o inn} ism; ail 'o; A;}) ag; ;o was ag} x};;t put ;sans o; palaanp pun pazuog1nm
)(gang s} )Tsai) ail}) ag; pue 'a}naaxa o; Alp ag} ;o ;itgag uo put au mu ail u} pun so;
pa;aaspp pue pazpsog;nu Xgasag s} so;aanQ aauuup3 ail so sa2euuyl X;?) asp 'souieN agy
•000'083 paaaxa lou saop sapunasag; A;}) am gig peed ag o; s;uauIAud aspa"
Tenuue uanunxnur ag} sn SuoT os pum saeaA 01 paaaxa lou saop }uauuaa12V asea1 ail ;o urn'
ADOPTED AND APPROVED this 4th day of June , 1996.
_ r -
Mayor
I, Elaine Capps, City Clerk of the City of Brea, do hereby certify that the foregoing
Resolution was approved and adopted at a regular meeting of the City Council of the City of
Brea, held on the 4th day of June , 1996, by the following roll call vote:
AYES: COUNCIL MEMBERS: Daucher, Perry, Wiser, Parker and Dunlap
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
ATTEST: /74,64ce". ( �'Cit Clerk of thee ityof Brea
- 3 -
4