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Res85 10047
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Res85 10047
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Last modified
10/11/2019 1:41:38 PM
Creation date
10/11/2019 1:41:37 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
10/28/1985
Description
RESOLUTION NO. 10041 OCT 2 8 1985 A RESOLUTION AUTHORIZING THE ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS, ESTABLISHING THEIR TERMS AND PROVIDING FOR THEIR SECURITY, AND PROVIDING COVENANTS FOR THEIR PROTECTION, AUTHORIZING THEIR SALE AT PRIVATE SALE, AUTHORIZING THE EXECUTION OF A BOND PURCHASE AGREEMENT, REGULATORY AGREEMENT, LOAN AGREEMENT, INTERCREDITOR AGREEMENT AND INDENTURE OF TRUST AND APPOINTING A TRUSTEE THEREUNDER, AUTHORIZING APPROVAL OF A FORM OF AN OFFICIAL STATEMENT AND AUTHORIZING ITS EXECUTION, AND AUTHORIZING THE FINANCING OF THE PROJECT AND OTHER MATTERS IN CONNECTION THEREWITH $28, 000, 000 CITY OF REDWOOD CITY MULTIFAMILY HOUSING REVENUE BONDS (Redwood Shores Apartments Project) SERIES 1985B
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<br />the Authorized Officers of the City is hereby authorized to review, <br />approve and execute on behalf of the City (which approval shall be <br />conclusively evidenced by the execution thereof) a final Official <br />Statement (the "Official Statement") relating to the Bonds, setting <br />forth such amendments and supplements to the Preliminary Official <br />Statement as shall be necessary or convenient to accurately <br />describe the Bonds in accordance with this resolution, the <br />Indenture, the Bond Purchase Agreement and the other agreements and <br />documents. <br /> <br />Section 12. The Indenture between the City and the <br />Trustee substantially in the form submitted to the City is hereby <br />approved, and the Trustee is hereby appointed "Trustee" thereunder. <br /> <br />Section 13. The Trustee is hereby appointed Bond Registrar <br />with full power and authority to maintain the Bond Register and to <br />administer the system of registration authorized hereby. <br /> <br />Section 14. The Loan Agreement between the City and the <br />Developer substantially in the form submitted to <br />the City is hereby approved. <br /> <br />Section 15. The Regulatory Agreement between the City, the <br />Developer and the Trustee, including, without limitation, the <br />Program Guidelines, substantially in the form submitted to the <br />City, is hereby approved. <br /> <br />Section 16. The Intercreditor Agreement between the City, <br />the Trustee and the Surety, substantially in the form submitted to <br />the City, is hereby approved. <br /> <br />Section 17. The Loan Agreement, the Regulatory Agreement, <br />the Intercreditor Agreement and the Indenture shall be executed on <br />behalf of the City by a signing by anyone of the Authorized <br />Officers, by authentication by the signature of the City Clerk or <br />Deputy City Clerk and affixation of the City's seal, and by <br />delivery to the other party or parties thereto. <br /> <br />Section 18. Any of the Authorized Officers of the City <br />shall receive on behalf of the City the execution of the Loan <br />Agreement, the Regulatory Agreement, the Intercreditor Agreement <br />and the Indenture by the other party or parties thereto. <br /> <br />Section 19. Any of the Authorized Officers of the City is <br />hereby also authorized on behalf of the City to approve changes, <br />insertions or omissions in the Bond Purchase Agreement and in any <br />of the documents referred to in the preceding Section, and to <br />execute or receive execution on behalf of the City of any such <br />documents so altered, such approval, execution and reception to be <br />conclusively evidenced by the documents so altered or completed, <br />fully-executed. Such changes may include, without limitation, <br />appointment of a different initial Trustee under the Indenture that <br /> <br />MFH0072.RWC/7 <br /> <br />-7- <br /> <br />10/23/85 <br />
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