HomeMy WebLinkAboutResolution 93-107 05/03/1993~es®Il.1t101~1 ~®. 93-107 N.C.J.
of the City of Petaluma, California
RESOLUTION APPROVING CERTAIN AGRF,EMENTS
AND OTHER DOCUMENTS RELATED TO
1993 CONSOLIDATED PUBLIC FACILITIES LEASE
The City Council of the City of Petaluma resolves:
L There is on file with the City Clerk the draft of a site lease and a
master document incorporating a master agreement and four agreements referred to
therein related to the 1993 Consolidated Public Facilities Lease as follows:
a. Lease Agreement between the City and the City of Petaluma
Public Financing Corporation;
b. Agency Agreement between the City and the Corporation;
c. Trust Agreement among the City, the Corporation and the Bank
of America National Trust and Savings Association, as Trustee; and
d. Assignment Agreement between the Corporation and the Trustee.
The Ciry Council hereby approves the form and substance of the site lease and these
agreements and authorizes the City Manager and the Finance Director, or either of
them, to execute, and the City Clerk to attest, the site lease and the agreements on
behalf of the City. "1'he City Manager and the Finance Director, or either of them, is
further authorized, before execution and attestation of the site lease and the agreements,
to approve changes in the site lease and the agreements recommended by special
counsel to the City and not inconsistent with the essential terms of the site lease and the
agreements. Execution of the site lease and the agreements by the Ciry Manager and
the Finance Director, or either of them, shall constitute conclusive evidence of the
approval of such changes without further action or approval of this Council.
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.... ,.,,i a ~ ~'~
E2es. No. .......t7. ~.-.~.SJ..1...... N.C.S.
2. The City Council further authorizes the City Manager and the Finance
Director, or either of them, to execute escrow agreements and other documents
required to assure defeasance of the existing certificates of participation being refunded
in these proceedings.
* ~ ~
Under the power and authority conferred upon this Council by the_Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the _ _~_-.Approved as to
Council of the City of Petaluma at a (Regular) (l~fil~Ellr'@Ll!);X(~3BR>fl~) meeting r form
on the ....~.CCj ............... day of ..........Mai?........................................, 1x..9.3., by the =~
following vote: ...----... ~,.-- ... - -- - -
City Attorney
AYES: Nelson, Read, Shea, Hamilton, Vice Mayor Sobel, Mayor Hilligoss
NOES: None
ABSENT: Barlas
ATTEST: --• .......................... ..~--................ .-.....-.....................
City Clerk Mayc
Council File ...q.................................
CA 10-85 ~ Res. No......~.5? .1.0.7....... N.C.S.