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HomeMy WebLinkAbout91-063181 REL: 6/17/91 RESOLUTION NO. 91- 063 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING A SITE LEASE BY AND BETWEEN THE CITY OF SANTA ANA AND THE ORANGE COUNTY PUBLIC FACILITIES CORPORATION AND AUTHORIZING CERTAIN ACTIONS IN CONNECTION THEREWITH WHEREAS, the Orange County Public Facilities Corporation (the "Corporation") is a nonprofit public benefit corporation organized and existing under the laws of the State of California with the authority to assist the County of Orange (the "County") in the financing of public facilities; and WHEREAS, the City of Santa Ana (the "City") and the Corporation have entered into a Site Lease, dated as of December 1, 1987, between the City and the Corporation (the "1987 Site Lease") pursuant to which the city has leased certain property (the "City Property") to the Corporation; WHEREAS, The County of Orange, California, Certificates of Participation, Series 1987 (civic Center Parking Facilities Projects) (the "1987 Certificates") will no longer be outstanding on or about August 1, 1991; and WHEREAS, pursuant to the terms of the 1987 Site Lease, the 1987 Site Lease will terminate at such time as the 1987 certificates are no longer outstanding; and WHEREAS, it has been proposed that the City lease the City Property and the improvements thereon to the Corporation pursuant to a Site Lease, dated as of July 1, 1991, by and between the City and the Corporation (the "city Site Lease"), which will grant to the Corporation the right to the use and occupancy of the City Property and the improvements thereon for a term not to exceed 55 years, the form of which City Site Lease has been provided to this City Council; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: SECTION 1. The City Site Lease presented at this meeting is approved. The Mayor or his designee is authorized and directed for and in the name of the City to execute said agreement. The Mayor or his designee is hereby authorized and directed to execute, acknowledge and deliver any and all documents and do any and all things which they may deem necessary or advisable to consummate the transactions contemplated by the City Site Lease and this Resolution. The agreement shall be executed in substantially the form hereby approved, with such additions thereto and changes therein as are consistent with this Resolution and the limits prescribed herein and are recommended or approved by Special Counsel for the County and approved by such officers, such approval to be conclusively evidenced by the execution and delivery thereof. SECTION 2. The City Council hereby authorizes the appropriate officers of the City, for and on behalf of the City, to execute and deliver any and all documents which they may deem necessary and advisable in order to effectuate the purposes of this Resolution, and such actions previously taken by such officers are hereby ratified and confirmed. SECTION 3. This Resolution its date of adoption. ADOPTED this ]st day of shall take effect from and after July , 199 ] . ATTEST: COUNClLMEI~BERS: Mayor Young Ave Pulido AyP Acosta Aye Griset Ah~nt McGuigan Aye Norton Ay~ Richardson Ay~ APPROVED AS TO FORM: cE~rA~t~er 2 CERTIFICATE OF ORIGINALITY State of California County of Orange I, JANICE C. GUY, Clerk of the Council, do hereby certify the attached Resolution ~/- O~ 3 to be the original resolution adopted by the City Council of the city of Santa Aha on ~Clty of Santa Aha