HomeMy WebLinkAbout95-082 - Trust Indenture Relating to its Variable Rate Demand Industrial Development319
RESOLUTION NO. 95-082
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
ANA APPROVING AND AUTHORIZING EXECUTION OF A
SUPPLEMENTAL TRUST INDENTURE RELATING TO ITS
VARIABLE RATE DEMAND INDUSTRIAL DEVELOPMENT
REVENUE REFUNDING BONDS (CIVIC CENTER MEDICAL ARTS
PROJECT), 1992 SERIES A
RESOLVED, by the City Council (the "City Council") of the City of Santa Ana (the
"City"), that:
WHEREAS, the City and Seattle-First National Bank, as trustee (the "Trustee") are parties
to an Indenture of Trust, dated as of April 1, 1992, as amended (the "Indenture"), securing
$4,168,000 initial aggregate principal amount of Variable Rate Demand Industrial Development
Revenue Refunding Bonds (Civic Center Medical Arts Project), 1992 Series A of the City (the
"Bonds");
WHEREAS, Civic Center Medical Arts Associates, A California Limited Partnership, the
owner of the commercial facilities refinanced with the proceeds of the Bonds issued under the
Indenture (the "Borrower"), has requested that the City and the Trustee amend the Indenture in
connection with the providing of a confirmation for the letter of credit securing the payment of
the principal and purchase price of and interest on the Bonds;
WHEREAS, said amendment has been set forth in proposed Supplemental Trust
Indenture No. 2, dated as of December 1, 1995 ("Supplemental Trust Indenture No. 2"), and in
the form on file with the City Clerk, and this City Council now desires to approve said
document in order to allow for thg providing for the confirmation of the Letter of Credit;
NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED by the City
Council of the City of Santa Aha, as follows:
1. Supplemental Trust Indenture No. 2, in the form on file with the City Clerk, is
hereby approved. The Mayor, City Manager, Deputy City Manager or Executive Director of
Finance (the "Authorized Issuer Representatives"), and each of them, are hereby authorized and
directed, for and in the name and on behalf of the City, to execute and deliver Supplemental
Trust Indenture No. 2, and the City Clerk is hereby authorized and directed, for and in the
name and on behalf of the City, to attest the Authorized Issuer Representative signature and
affix the seal of the City to Supplemental Trust Indenture No. 2, in said form, together with such
additions thereto or changed therein as are recommended or approved by the Authorized Issuer
Representatives, the approval of such additions or changes to be conclusively evidenced by the
execution and delivery of Suppleniental Trust Indenture No. 2 by the Authorized Issuer
Representatives.
2. The Authorized Issuer Representatives and all other officers of the City are
hereby authorized and directed, for and in the name and on behalf of the City, to do any and all
things and take any and all actions and execute and deliver any and all certificates, agreements
and other documents which they, or any of them, may deem necessary or advisable in order to
consummate the amendments to the Indenture contemplated by Supplemental Trust Indenture
No. 2.
3. This resolution shall take effect immediately upon its adoption.
RESOLUTION 95-082
ADOPTED this 4th
ATI'EST:
~ / Janrce~.
~ of the Council
COUNC1LMEMBERS:
Pulido Aye
Richardson Aye
Espinoza Aye
Lutz Aye
McGuigan _~osent
Mills Aye
Moreno Aye
__ day of December , 1995.
Mayor
APPROVED AS TO FORM:
City Attorney
CERTIFICATE OF ORIGINALITY & PUBLICATION
State of California
County of Orange
I, JANICE C. GUY, Clerk of the Council, do hereby certify the attached Resolution
c/~'--Oo°o2- to be the original resolution adopted by the City Council of the
City of Santa Ana on
Date: cF/2'1 /C/J
I'-
// ] Clerk of the Councql-/// ~
~ City of Santa Aha ( /