HomeMy WebLinkAboutResolutions 87-089 N.C.S. 04/06/1987"~~ -,'
~~ ~ ~
,. --~ "Y 1 ~~sol~ltlOp"~ Nom. $?-s9 ~ I~1.C.~. QCQQ~ Q~p.~
of the City of P~ aiurna, California
.RESOLUTION OF THE CITY COUNCIL OF THE'CLTY~OF PETALUMA
AUTHORIZING AND DIRECTING EXECUTION OF FINANCING DOCUMENTS
IN CONNECTION WITH CERTIFICATES OF PARTICIPATION
.(PETALUMA COMMUNITY CENTER AND POLICE REFUNDING PROJECT)
Be it resolved:
Section 1:
This City Council hereby approves the preliminary official
statement which has been prepared by Wells Fargo Bank, N.A. and
filed with the City Clerk.. Wells Fargo Bank, N.A. is hereby
authorized to reproduce and distribute the preliminary official
statement to any interested person in connection with the proposed
sale. of the subject Certificates of Part3.cipation. Wells Fargo
Bank, N.A. is further authorized to make such modifications thereto
as shall be approved by the City Manager preparatory to printing and
distribution of a final official statement based upon said
preliminary official statement, as so modified.
Section 2:
The following documents, in the form on file with the City
Clerk,. are hereby approved, and the City Manager and City Clerk of
the City are hereby authorized and directed to execute said
documents:
(a.) Amended and Restated Site Lease by and between the City of
Petaluma as Lessor and the California Public Facilities F~ Equipment
Leasing Corporation as Lessee dated as of April 15, 1987.
(b) Agreement t;o Caneel 1985 Lease Agreement by and among the City
of 'Petaluma as Lessee, the California Public Facilities F~ Equipment
Leasing, Corporation: as Lessor, and the Seattle-First National Bank,
as assignee of the Lessor, dated as of April 15, 1987.
(c) Escrow Agreement by and between the City of Petaluma and
Seattle-First National Bank dated as of April 15, 1987.
(d) Trust Agreement by and between the City of Petaluma and a bank
get to be named dated as of April 15, 1987.
,~ ._ "I
~-
.~ .r
.,
(~e.)' LeaselPurchase Agreement by and between the City of Petaluma and
California Public Facilities ~ Equipment Leasing Corporation dated
as^ of April 15 , 1987 .
(f) Agency Agreement by and between the_.City of Petaluma and
California Public Facilities £~ Equipment Leasing Corporation dated
as of April 18, 1987.
(g) Agreement for Legal Services by and between the City of Petaluma
and Sturgis, Ness, Brunsell ~ Sperry, a professional corporation,
dated as of April 6, 1987.
The form of Assignment Agreement, dated as of April 15,
1987, by and between the Corporation and the Trustee, is hereby
approved as to form, even though the City is not a party thereto.
Said documents are subject to revision not inconsistent
with the essential terms thereof, which revisions are approved by
the City Attorney and City Manager of,the City and Special Counsel
to the City, such approval to be conclusively established by the
execution thereof by the City Manager.
The purchase contract with Wells Fargo Bank, N.A. which
has been filed with the City Clerk pertaining to said Certificates
of Participation is hereby approved, and the City Manager is hereby
authorized to approve modifications thereto, including modifications
to determine the final maturity schedule for and interest rate or
rates pertaining to the proposed Certificates of Participation.
Undcr_ 6e poa,cr and authority conferred upon this,,Council by the Charter of said City.
I hereby cerEify the fore;oing Resolution avas' introduced and adopted by the
~ ~ ~ App as to
Council of the Citq of Fetaluma' at a (Regular+f (~~~re~) (;~ meeting' fo
on .the ........6th.._. day of :...._...APri1. •--..... ` . ., 19...x.7, by the
. ...... .............
.following vote: ,, ~ - # ..» ......................
t ~' { ity Attorney
~ i
AYES:. Davis, Woolsey, Cavanagh, Balshaw, Vice{Mayor;Tencer, Mayor Hillig s
NOES: ~
ABSENT: Sobe ,
,, .
.~ J
C~ CI k
qty er -7
COUNCIL FILE ~/ _g~9 ..._~_.