HomeMy WebLinkAboutResolution No. 08-P167
RESOLUTION NO. 08-P1
0
A RESOLUTION OF THE AZUSA PUBLIC FINANCING
AUTHORITY AUTHORIZING THE EXECUTION AND
DELIVERY OF AMENDMENT NO. 1 TO LEASE
AGREEMENT, AMENDMENT NO. 1 TO SITE LEASE
AGREEMENT AND THE RELEASE OF LIEN AND
TERMINATION AGREEMENT
WHEREAS, the City of Azusa (the "City") and the Azusa Public Financing Authority
(the "Authority") are parties to that certain Lease Agreement dated as of December 1, 2003 (the
"Lease Agreement") pursuant to which the Authority leased to the City certain real property and
related facilities commonly known as City Hall and the Senior Center (the "Project'); and
WHEREAS, the City and the Authority are parties to that certain Site and Facilities Lease
Agreement dated as of December 1, 2003 (the "Site Lease Agreement') pursuant to which the .
Authority leased the Project back to the City; and
WHEREAS, the City and the Authority desires to amend the Lease Agreement and Site
Lease Agreement and execute a Release of Lien and Termination Agreement (the "Release") to
release the Senior Center; and
WHEREAS, Section 4.8 of the Lease Agreement, referenced in the Site Lease
Agreement, permits such amendment upon obtaining the consent of the Trustee and the Bond
Insurer;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED that
the Azusa Public Financing Authority as follows:
Section 1. Approval of Amendments and Release. The Authority hereby approves
Amendment No. 1 to Lease Agreement, Amendment No. 1 to the Site Lease Agreement and the
Release in substantially the respective form on file with the Secretary of the Authority, together
with such additions thereto and changes therein as the Bond Counsel shall deem necessary,
desirable or appropriate, the execution of which by the Chairperson, Treasurer and Executive
Director shall be conclusive evidence of the approval of any such additions and changes.
The Chairperson, Treasurer and Executive Director are hereby authorized and directed to
execute, and the Secretary of the Authority is hereby authorized and directed to attest and affix
the seal of the Authority to, the final forms of each of the above-mentioned documents for and in
the name and on behalf of the Authority.
Section 2. Official Actions. The Chairperson, Treasurer and Executive Director and
Secretary and any and all other officers of the Authority are hereby authorized and directed, for
and in the name and on behalf of the Authority, to do any and all things and take any and all
actions necessary to execute the amendments to the Lease Agreement and Site Lease Agreement,
execute the Release and execute other documents, which they, or any of them, may deem
necessary or advisable in order to consummate the transactions as described herein.
RVPUMNISHAFR744650.1 1
Section 3. Effective Date. This Resolution shall take effect from and after the date
of its passage and adoption.
ADOPTED this 3`d day of.March, 2008.
///Z/�
tJ eph R. ocha, Chairperson
zusa Public Financing Authority
ATTEST:
Vera Mendoza, Secretary
Azusa Public Financing Authority
I, Vera Mendoza, Secretary of the Azusa Public Financing Authority do hereby certify
that the foregoing resolution No. 08-P1, was adopted by the Board of Directors of the Azusa
Public Financing Authority at a regular meeting thereof held on the 3`d day of March, 2008, by
the following vote of the Board of Directors:
AYES:
DIRECTORS: GONZALES, CARRILLO, MACIAS, HANKS ROCHA
NOES:
DIRECTORS: NONE
ABSENT:
DIRECTORS: NONE
ABSTAINED:
DIRECTORS: NONE
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of
the Azusa Public Financing Authority this 3`d day of March, 2008.
Vera Mendoza Secretary
Azusa Public Financing Authority
{SEAL)
RVPUMSHAM744650.1