HomeMy WebLinkAboutResolution No. 2015-C48RESOLUTION NO. 2015-C48
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA, ACTING
FOR ITS COMMUNITY FACILITIES DISTRICT NO. 2005-1 (ROSEDALE)
IMPROVEMENT AREA NO. 1, AMENDING, SUBSTITUTING EACH
REFERENCE TO WELLS FARGO SHALL BE DEEMED TO AND SHALL
REFER TO WILMINGTON TRUST, NATIONAL ASSOCIATION AS THE DULY
APPOINTED TRUSTEE FOR THE IMPROVEMENT AREA NO. 12007 SPECIAL
TAX BONDS
WHEREAS, the City Council (the "City Council") of the City of Azusa (the "City") conducted
proceedings under and pursuant to the Mello -Roos Community Facilities Act of 1982 (the "Act') to
form the City of Azusa Community Facilities District No. 2005-1 (Rosedale) (the "District') and
designate improvement areas therein including Improvement Area No. 1 (the "Improvement Area No.
1"), to authorize the levy of a special tax (the "Special Tax") within Improvement Area No. 1 and to
authorize bonds secured by the Special Tax; and
WHEREAS, in January 2007, the City issued the Community Facilities District No. 2005-1
(Rosedale) Improvement Area No. 1 2007 Special Tax Bonds ("Bonds") approving Wells Fargo Bank,
National Association ("Wells Fargo") as the trustee;
WHEREAS, the Council is requested to approve the substitution and appointment of
Wilmington Trust, National Association ("Wilmington"), as trustee under the Indenture in place of
Wells Fargo;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Azusa, acting for
the City's Community Facilities District No. 2005-1 (Rosedale) Improvement Area No. 1, as follows:
Section 1. The foregoing recitals are true and correct, and this Council, so finds and
determines.
Section 2. It is hereby amended such that each reference to Wells Fargo in the Bond
documents shall be deemed to and shall refer to Wilmington Trust, National Association as the duly
appointed trustee (the "Trustee") in the documents related to the Bonds.
Section 3. Each officer and/or appropriate staff of the City is hereby authorized and directed
to do any and all things which he or she may deem necessary or advisable in order to effectuate the
purposes of this Resolution, including, but not limited to, executing such documents, instruments and
agreements (including the tri -party agreement among the City, the Trustee and Wells Fargo) necessary
to evidence the appointment of Wilmington, as Trustee.
Section 4. The City hereby approves and ratifies each and every action taken by its officers,
agents, members and employees prior to the date hereof in furtherance of the purposes of this Resolution
and, to the extent not inconsistent herewith.
Section 5. This Resolution shall take effect immediately from and after its adoption.
APPROVED and ADOPTED by the City Council of the City of Azusa, acting for its
Community Facilities District No. 2005-1 (Rosedale) Improvement Area No. 1, on September 21, 2015.
PASSED, APPROVED and ADOPTED this 2151 day of September, 2015.
/oseph Romero �ocha��
Mayor
ATTEST:
qJAaKee�ComejoJ/ —
Ci Clerk
STATE OF CALIFORNIA ) .
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2015-C48 was duly adopted by the City
Council of the City of Azusa at a regular meeting thereof, held on the 2151 day of September, 2015, by the
following vote of Council:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
APPROVED AS TO FORM:
Best Bet & Krieger, LLP
City Attrney
2
CLERK'S CERTIFICATE
I, the undersigned City Clerk of the City of Azusa, hereby certify that the foregoing is a
full, true and correct copy of a resolution duly adopted at a meeting of the City Council of said
City duly and regularly held on September 21, 2015, of which meeting all of the members of said
Council had due notice and at which a majority thereof were present; and that at said meeting
said resolution was adopted by the following vote:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
I further certify that I have carefully compared the same with the original minutes of said
meeting on file and of record in my office; that the foregoing resolution is a full, true and correct
copy of the original resolution adopted at said meeting and entered in said minutes; and that said
resolution has not been amended, modified or rescinded since the date of its adoption, and the
same is now in full force and effect.
Dated: September 21, 2015
PJ
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