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RESOLUTION NO. 2014 -002 <br />A RESOLUTION OF THE SANTA ANA FINANCING <br />AUTHORITY APPROVING AN AMENDMENT TO THE <br />LEASE AGREEMENT RELATING TO THE FINANCING <br />AND REFINANCING OF THE PARKING STRUCTURE <br />ADJACENT TO THE STATE APPELLATE COURT <br />BUILDING IN SANTA ANA, CALIFORNIA, APPROVING <br />FORM AND AUTHORIZING EXECUTION OF RELATED <br />DOCUMENTS AND APPROVING OFFICIAL ACTIONS <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS (THE 'BOARD ") OF THE <br />SANTA ANA FINANCING AUTHORITY (THE "AUTHORITY "), AS FOLLOWS: <br />WHEREAS, the City of Santa Ana (the "City ") entered into transactions with the <br />Authority in 2007 to finance and refinance the construction of a parking structure <br />adjacent to the State Appellate Court Building in Santa Ana, California (the "Project'); <br />WHEREAS, in connection with the financing of the Project, the City entered into <br />the Lease Agreement, with the original principal amount of $8,470,000; <br />WHEREAS, lease payments made by the City under the Lease Agreement were <br />assigned by the Authority to All Points Public Funding, LLC, now known as Capital One <br />Public Funding, LLC (the "Assignee "), as investor; and <br />WHEREAS, the Assignee has agreed to reduce the interest component of lease <br />payments made under the Lease Agreement to 3.60% from 4.78191203% and to <br />remove the prepayment premium in the event of a prepayment of the principal <br />component of lease payments by the City; <br />NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: <br />Section 1. Findings and Determinations. The Authority hereby finds and <br />determines that the foregoing recitals are true and correct. <br />Section 2. Approval of First Amendment to Lease Agreement. The Authority <br />hereby approves a first amendment to the Lease Agreement, amending and <br />supplementing the Lease Agreement, in the form on file with the Secretary (the "First <br />Amendment'), together with such additions thereto and changes therein as the Chair, <br />the Executive Director or the Treasurer, or any designee thereof (the "Designated <br />Officers ") shall deem necessary, desirable or appropriate, the execution of which shall <br />be conclusive evidence of the approval of any such additions and changes. The <br />Designated Officers, each acting alone, are hereby authorized and directed to execute, <br />and the Authority is hereby authorized and directed to attest to, the final form of the First <br />SAFA Resolution No. 2014 -002 <br />Page 1 of 3 <br />