HomeMy WebLinkAboutReso 1985-12106 4883F
RESOLUTION NO. 12106
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AND AUTHORIZING EXECUTION
OF FIRST SUPPLEMENTAL TRUST INDENTURE RELATING
TO VARIABLE RATE COMMERCIAL DEVELOPMENT REVENUE
BONDS (SOUTH BAY AMBULATORY SURGERY ASSOCIATES
PROJECT), 1984 SERIES A
WHEREAS, the City of Chula Vista (the "City") has heretofore issued its
Variable Rate Commercial Development Revenue Bonds (South Bay Ambulatory
Surgery Associates Project), 1984 Series A, in the aggregate principal amount
of $2,730,000 (the "Bonds") pursuant to and in accordance with an Indenture of
Trust (the "Indenture") dated as of December l, 1984, between the City and the
Trustee; and
WHEREAS, the Bonds were issued before a rating was assigned thereto, and
In order to obtain an investment-grade rating on the Bonds at this time, it is
necessary for the City and the Trustee to approve certain changes in and
additions to the Indenture; and
WHEREAS, there is on file with the City Clerk a proposed form of First
Supplemental Trust Indenture, dated as of May l, 1985, by and between the City
and the Trustee, making such changes and additions to the Indenture;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula
Vista as follows:
Section 1. Approval of First Supplemental Trust Indenture. The Agendy
hereby approves the First Supplemental Trust Indenture in substantially the
form on ftle with the City Clerk together with any changes therein or
additions thereto deemed advisable by the Community Development Director. The
)~ayorand the City Clerk are hereby authorized and directed for and in the name
and on behalf of the City to execute, attest, and affix the seal of the City
to said form of First Supplemental Trust Indenture.
Section 2. Further Actions. The Mayor, the City Manager, the City
Clerk, the Community Development Director and any and all other officers of
the City are each hereby authorized and directed in the name and on behalf of
the City to make any and all assignments, certificates, requisitions,
agreements, notices, consents, instruments and other documents which they or
any of them might deem necessary or appropriate in order to effectuate the
Intention of the First Supplemental Trust Agreement or otherwise to assure the
ratlng on the Bonds.
Section 3. Effective Date. This resolution shall take effect from and
after the date of its passage and adoption.
Pr~~~_~,~, Approved as toformby
Paul G. Desrochers - T omas Jl Harron ~-
Community Development Director City Attorney
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFOI~NIA, this 23rd day of. July
19 85, by the following vote, to--wit:
AYES: Councilmembers Cox, Malcolm, McCandliss, Moore
NAYES: Councilmembers Scott
ABSTAIN: Councilmembers None
ABSENT: Counci 1 members None
City of Chula Vista
~,/- City Clerk d
STATE Of CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chulo Vista, California,
[30 HEREBY CERTIFY that the above and foregoing is o full, true and correct copy of
RESOLUTION NO. 12106 ,and that the some has not been amended or repealed.
]ATED
(seal) City Clerk
CC-660