HomeMy WebLinkAboutResolution No. 93-C0980
RESOLUTION NO. 9 3 -C 9 8
A RESOLUTION OF THE CITY OF AZUSA APPOINTING FINANCIAL
ADVISOR, UNDERWRITER, AND BOND COUNSEL FOR PURPOSES OF
CERTAIN FINANCING PROPOSED TO BE UNDERTAKEN BY THE
CITY.
WHEREAS, the City of Azusa (the "City") is considering proceedings for the
issuance of bonds secured by the Hermitage Park II Senior Citizen Housing Project.
WHEREAS, Saybrook Capital Corporation as underwriter (the "Underwriter"),
and Jones, Hall, Hill, White, and Barbosa Garcia and Barnes as co -bond counsel (the
"Bond Counsel"), and Whipple, Kinsell & Co, Inc. (the "Financial Advisor") have all
presented to the City Council forms of agreements for the purposes of providing
underwriting services, legal services, and financial advisory services, respectively, in
connection with the financial proceedings proposed to be undertaken by such authority,
and the City, with aid of its Staff, has reviewed each of such agreements and the
execution of such agreements is in the public interest of the City:
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Azusa
as follows:
Section L Appointment of Underwriter, Bond Counsel, and Financial Advisor.
The appointment of Saybrook Capital Corporation as Underwriter, Jones, Hall, Hill, and
White, as Bond Counsel, and Whipple, Kinsell & Co., Inc. as Financial Advisor for
purposes of the financing proposed to be undertaken by the City is hereby approved,
and the City Administrator is hereby authorized and directed to execute, on behalf of
the City, the respective agreements of Underwriter, Bond Counsel, and Financial
Advisor, substantially in the forms presented to the Council at its meeting.
Section 2 Effective Date. This Resolution shall take effect from and after the
date of its passage and adoption.
Section 3. Certification. The City Clerk shall certify the adoption of this
Resolution.
PASSED, APPROVED AND ADOPTED THIS 2nd DAY OF August 1993
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I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of Azusa, at a regular meeting thereof, held on the 2nd day of
August , 1993 by the following vote of the Council:
AYES: COUNCILMEMBERS: DANGLEIS, MADRID, NARANJO, ALEXANDER, MOSES
NOES: COUNCIL.MEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
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