HomeMy WebLinkAboutResolution 90-349 10/15/1990' ~es®Illtl01'1 Nom. 90-349 N C.~.
of the City of Petaluma, California
RESOLUTION APPROVING CERTAIN AGREEMENTS
AND OTHER DOCUMENTS RELATED TO
ZONE IV WATER SYSTEM IMPROVEMENTS
The City Council of the City of Petaluma resolves:
1. There is on file with the City Clerk the draft of a
master document incorporating a master agreement and four
agreements referred to therein related to the Zone 4 Water System
Improvements 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 City Council hereby approves the form and substance of these
agreements and authorizes the City Manager to execute, and the City
Clerk to attest, the agreements on behalf of the City. The City
Manager is further authorized, before execution and attestation of
the agreements, to approve changes in the agreements recommended by
special counsel to the City and not inconsistent with the essential
terms of the agreements. Execution of the agreements by the City
Manager shall constitute conclusive evidence of the approval of
such changes without further action or approval of this Council.
90-349 ~~°~m"~
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2. The City Council hereby approves that certain
Preliminary Official Statement dated October 15, 1990 related to
the Zone IV Water System Improvements. This Official Statement is
final except for certain information which will not be known until
the time of sale and is therefore "deemed final11 within the meaning
of Rule 15c2-12 of the Securities .and Exchange Commission.
Distribution of the Official Statement and the Final Official
Statement is hereby authorized. The City Manager is authorized to
execute the Official Statement with such changes as may be
recommended by the Finance Officer following the sale of
Certificates of Participation in lease payments related to the Zone
IV Water System Improvements.
* * * -
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 ~--"A ov d as to
Council of the City of Petaluma at a (Regular) (R~,~b~3f°#rbl~~(BaY) meeting °~
on the ......15th-...-..... day of ...........October---•----•----~• ................. 19.90-., by the
following vote:
City Atto , ey
AYES: Sobel, Davis, Woolsey, Tencer, Vice 14'Iayor Cavanagh, Mayor Hilligoss
NOES: ~ ~
ABSENT: B lsh ~_
ATTEST: ....... ... .......... ..... ... ..... ..................... ....-._.
City Clerk .May
Council File .....................°---...--°-..
CA 10-85 ~ Rcs. No......9 ~.-5~. 4.9....... N.C.S.