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Res03 PFA 03-03
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Res03 PFA 03-03
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Last modified
1/26/2006 9:17:08 AM
Creation date
11/14/2003 9:25:26 AM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Agency Type
Public Finance Authority
Date
11/3/2003
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11/03/2003 <br /> <br />Counsel and bond counsel, whose execution thereof shall be conclusive evidence of the <br />approval of any such additions and changes. Such changes and additions shall include, <br />without limitation, the insertion in the Indenture of the final annual maturities and final <br />aggregate principal amount of the Bonds and the final annual interest rates payable with <br />respect to the Bonds, as provided in the final Purchase Contract. Each of the <br />Authorized Officers are hereby authorized and directed to execute, and the Secretary is <br />hereby authorized and directed to attest, the final form of the Indenture for and in the <br />name and on behalf of the Authority. The Authority hereby authorizes the delivery and <br />performance of the Indenture. <br /> <br /> The Authority hereby finds and determines that the issuance of the Bonds and <br />the related transactions authorized hereunder will result in significant public benefits to <br />the citizens of the City under Section 6586(a) and (d) of the Act and that the Leased <br />Property and the Project are and will be located entirely within the City. <br /> <br /> Section 2. Approval of Site Lease. The Authority hereby approves the lease <br />of the Leased Property from the City pursuant to and in accordance with the Site Lease <br />in substantially the form on file with the Secretary, together with any additions thereto or <br />changes therein deemed necessary or advisable by the Authorized Officers, upon <br />consultation with bond counsel, whose execution thereof shall be conclusive evidence <br />of approval of any such additions and changes. Each of the Authorized Officers are <br />hereby authorized and directed to execute, and the Secretary is hereby authorized and <br />directed to attest, the final form of the Site Lease for and in the name and on behalf of <br />the Authority. The Authority hereby authorizes the delivery and performance of the Site <br />Lease. <br /> <br /> Section $. Approval of Lease Agreement. The Authority hereby approves the <br />lease of the Leased Property to the City pursuant to and in accordance with the Lease <br />Agreement in substantially the form on file with the Secretary, together with any <br />additions thereto or changes therein deemed necessary or advisable by the Authorized <br />Officers, upon consultation with bond counsel, whose execution thereof shall be <br />conclusive evidence of approval of any such additions and changes. Each of the <br />Authorized Officers are hereby authorized and directed to execute, and the Secretary is <br />hereby authorized and directed to attest, the final form of the Lease Agreement for and <br />in the name and on behalf of the Authority. The Authority hereby authorizes the delivery <br />and performance of the Lease Agreement. <br /> <br /> Section 4. Approval of Escrow Agreement. The Authority hereby approves the <br />Escrow Agreement in substantially the form on file with the Secretary, together with any <br />additions thereto or changes therein deemed necessary or advisable by the Authorized <br />Officers, upon consultation with bond counsel, whose execution thereof shall be <br />conclusive evidence of approval of any such additions and changes. Each of the <br />Authorized Officers are hereby authorized and directed to execute, and the Secretary is <br />hereby authorized and directed to attest, the final form of the Escrow Agreement for and <br />in the name and on behalf of the Authority. The Authority hereby authorizes the delivery <br />and performance of the Escrow Agreement. <br /> <br />Atty/Reso/Reso.1433 PFA 03-03 <br />102303 3 <br /> <br /> <br />
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