HomeMy WebLinkAboutReso 1973-6761
RESOLUTION NO. 6761
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CHULA VISTA AMENDING ITS RESOLUTION NO.
5966, ENTITLED "RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF CH[~I,A VISTA , DECLARIA~G ITS
INTENTION TO ACCEPT A GIFT OF CHtTLA VISTA
COMMUNITY HOSPITAL FACILITIES WHEN TENDERED
AND MAKING- DETERMINATIONS WITH RESPECT TO THE.
ORGANIZATION OF SAID NONPROFIT CORPORATION
AND THE BONDS TO BE ISSUED BY SAID CORPORATION"
WHEREAS, on March ?_, 197?_, the City Council of the City
of Chula Vista adopted Resolution No. 59FF, entitled: "Resolution
of_ the City Council of the City of Chula Vista, Declaring ItG
Intention to Accept a (;ift of Chula Vista Community Hospital
Facilities When Tendered and Making Determinations with Respect
to the Organization of Said Nonprofit Corporation anc~ the Bonds
to he Issued by Said Corporation"; and
WHEREAS, it is the determination of the City Council of.
the City of Chula Vista, California, that it is necessary anc~
proper to amend said resolution.
NOW, THEREFORE, BE IT RESOLVED that the City Council of_
the City of Chula Vista hereby amends said Resolution No. 5~F6 as
amended to read as follows:
1. The title shall he amended to read as
follows: "Resolution of the City
Council of the City of Chula Vista,
Declaring its Intention to Accept a
Gift of Chula Vista Community Hospital
Facilities when Tendered and Making
Determinations with Respect to the
Organization of Said Nonprofit Corpora-
tion and the Bonds and Notes to he
Issued by Said Corporation."
7. Paragraph four of the Recital to be
amended to read as follows: WHEREAS,
in order to construct the Hospital
Facility in the City of Chula Vista
and to finance a portion of the cost
thereof, the Corporation proposes to
amend its Articles of Incorporation
and its By-Laws in certain respects
including: (a) provision that upon
retirement of its indebtedness here-
inafter described, the Corporation will
tender all right, title and interest in
and to the Hospital Facility to the City
of Chula Vista; (h) provision to grant
the City an option to purchase (if_ the
exercise thereof is duly authorised by
law and the governing body of the City
of Chula Vista at the time of exercise
thereof), the interest in the Corpora-
tion and its property and assets for a
price sufficient to retire all indebted-
ness of the Corporation.
3. Paragraph five of the Recital to be
inserted to read as follows: WHEREAS,
Corporation has so notified the City
and will provide examples of the amend-
ments to its Articles of Incorporation
and its By-Laws to accomplish the fore-
going purpo4es set forth in the recitals
hereof, as well as p.rovidinq the City
with the forms of. First Mortgage Bonds
and Notes which the Corporation proposes
~; ~
~t° , - ~ ~~', f
to issue in order t~ finance a portion
of the cost of construction of the
Hospital Facility, and which forms will
be subject to the review of the City
Council and to a determination by the
City Council that said. forms contain
nothing therein objecti~nahle to the
City (it being further_ understood that
the .forms as presented and subject to
the review of the City will not include
the Indenture of Mortgage and Deed of
Trust to which reference is made in said
form of First Mortgage Bonds.
4. The first paragraph of the resolution to
read as follows: NOW, T~TEREFORE, BE IT
RESOLVED that the City Council of the
City of Chula Vista herehv approves the
organization of the Chula Vista Community
Hospital and the proposed amendments to the
Articles of Incorporation arid. the By-Laws
of the Corporation contemplated as above
set forth? that the City Council finds the
construction of the Hospital Facility will
be beneficial to the City of. Chula Vista
for the reasons above set forth; that the
City Council hereby approved the issuance of
First Lien Mortgage Gross Revenue Bonds in
the amount of $ and the issuance
of subordinated Revenue Notes in the amount
of $ both Bonds and Notes to
Mature no later than 2008, proposed to be
-~~
~~~,
issued by the Corporation. Nothing
therein shall impose any obligation
of any kind upon the City of Chula
Vista.
Presented by Approved as to form by
~~
~ s :-c
Geor D. Lindberg, City At ey George D, indberg, City Attorne
-~
~~Cfi~;f
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY
OF CHULA VISTA, CALIFORNIA, this 27th day of February
1973, by the following vote, to-wit:
AYES:
NP,YES
C~srtn~.ti~mc ~, Scott, Hobel, Hamilton, Hyde, Egdahl
C;~un.~~~,men None
ABSENT: Counc~:~men None
7 `r~
~~.~ " ~~~
Mccyc,2 ~ ~:~.~ ~c~y ~~ V~Ctka ~.~ a`,
~~
ATTEST : -'. ' 7L CC_'. ~ - ~ ~ _ , ~<T.~l
C.t.~y ~iLh '
~~
STATE OF CALIFORNIA S
COUNTY OF SAN DIEGO ~ ss.
CITY OF CHULA VISTA
I, J~NNI~ M. ~Ud.ASZ, C.c:tc~ C~2zlz ;~~ ~~~, C~.~y ~~ C~~u,.~a Vti~.tcc,
Ca~~c~c~rc.n~:a, DO HcR~PY C~RTI ~y ~ha~ ~hE abo~;~ ar~d v~~t,e~~tia?~ ti., a vuxk,
ti~.ue a~ d can~c.ec~ c~~y ~ {~
and ~tha~ the. isame hays r~~~ bey/c amr~rid~;d ~~. %t~~~E:ri~~d~
DATED:
~~~~~