Resolution Number CRA 97-5-6-1273
RESOLUTION NO. CRA 97-5-6-1
AWARDING SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT
AGENCY 1997 SUBORDINATED TAXABLE TAX ALLOCATION BONDS
(WHEAT, FIRST, BUTCHER, SINGER)
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY, SAN JUAN CAPISTRANO, CALIFORNIA,
AWARDING ITS 1997 SUBORDINATED TAXABLE TAX ALLOCATION
BONDS IN THE PRINCIPAL AMOUNT OF $1,800,000 TO THE BEST BIDDER
AND REJECTING ALL OTHER BIDS AND APPROVING, AUTHORIZING AND
DIRECTING EXECUTION OF INDENTURE OF TRUST RELATING THERETO,
APPROVING OFFICIAL STATEMENT AND RATIFYING ALL ACTIONS OF
THE STAFF HERETOFORE TAKEN
WHEREAS, at the time and placed fixed for the opening of bids for the subordinated
taxable tax allocation bonds of the San Juan Capistrano Community Redevelopment Agency (the
"Agency") designated the "Bonds," all bids were publicly opened, examined and read, and a tabulation
thereof has been entered in the minutes; and,
WHEREAS, the bid of the bidder hereinafter named is the best bid made by a
responsible bidder for the Bonds, and,
WHEREAS, this Board of Directors of the Agency (the "Board of Directors") has
heretofore adopted Resolution No. 94-4-1-1, titled "A Resolution of the San Juan Capistrano
Community Redevelopment Agency, Authorizing Issuance of Not to Exceed $1,800,000 Principal
Amount of San Juan Capistrano Central Redevelopment Project 1997 Subordinated Taxable Tax
Allocation Bonds (Housing), Approving, Authorizing and Directing Execution of Indenture of Trust
Relating Thereto, Authorizing and Directing Competitive Bid of Sale of Such Bonds, Approving
Official Statement and Providing Other Matters Properly Relating Thereto;" and,
WHEREAS, this Board of Directors desires to ratify and confirm all actions of the
Staff of the Agency and the City of San Juan Capistrano heretofore taken pertaining to the Bonds.
NOW, THEREFORE, BE IT RESOLVED, that the San Juan Capistrano
Community Redevelopment Agency Board of Directors, City of San Juan Capistrano, California,
does hereby resolve, determine and order as follows:
SECTION 1.
The bid of Wheat, First, Butcher, Springer in the amount of $1,800,000, including an
underwriter's discount of $18,000, bearing interest payable on August 1, 1997, and semiannually
thereafter at the rates of
(August 1) Principal Interest (August 1) Principal Interest
Year Amount Rate Year Amount Rate
2007 $590,000 7.15% 2017 $1,210,000 7.75%
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is the best bid for the Bonds, yielding the lowest net interest cost. Said bid is hereby accepted, and
the Bonds awarded to said best bidder in accordance with the terms of the proposal.
SECTION 2.
The interest rates on the Bonds are hereby fixed at the rates stated in Section 1 hereof. `
SECTION 3.
The Secretary of the Agency is hereby directed to deliver the Bonds to the successful
bidder upon payment therefor.
SECTION 4.
All bids other than the one accepted in Section 1 hereof are rejected, and the Secretary
of the Agency is directed to return the checks accompanying said rejected bids to the respective
bidders.
SECTION 5.
The Chairman and Secretary of the Agency or the designee of either such party, acting
together or alone, are hereby directed to execute and deliver the Indenture of Trust and the Official
Statement prepared in connection with the issuance of the Bonds in the forms currently on file with
the Secretary of the Agency, with such changes, additions or deletions as may be hereafter approved
by bond counsel to the Agency, and any additional documents necessary to carry out the purposes
of this Resolution.
SECTION 6.
All actions of the Staff of said Agency and the City of San Juan Capistrano heretofore
taken in conjunction with the authorization of, notification regarding and issuance of the Bonds are
hereby ratified and confirmed.
PASSED, APPROVED, AND ADOPTED this 6th day of
1997.
WYAT HART, CHARUVIAN
ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, Agency Secretary of the San Juan Capistrano Community
Redevelopment Agency, DO HEREBY CERTIFY that the foregoing is a true and correct copy of
Resolution No. CRA 97-5-6-1 adopted by the San Juan Capistrano Community
Redevelopment Agency Board of Directors at a regular meeting thereof held on the 6th day
of May , 1997, by the following vote:
AYES: Directors Jones, Greiner, Swerdlin and Chairman Hart
NOES: None
ABSTAIN: None
ABSENT: Director Campbell
(SEAL)
CHERYL JO ON, (AGENCY SECRETARY
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
I, CHERYL JOHNSON, declare as follows:
That I am the duly appointed and qualified Secretary of the San Juan Capistrano
Community Redevelopment Agency;
That in compliance with State laws of the State of California and in further compliance
with CRA Resolution No. CRA 83-12-20-1 and on the 13th day of May
1997, I caused to be posted:
RESOLUTION NO. CRA 97-5-6-1 , being
AWARDING SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT
AGENCY 1997 SUBORDINATED TAXABLE TAX ALLOCATION BONDS
(WHEAT. FURST, BUTCHER SINGER)
A RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY, SAN JUAN CAPISTRANO, CALIFORNIA,
AWARDING ITS 1997 SUBORDINATED TAXABLE TAX ALLOCATION
BONDS IN THE PRINCIPAL AMOUNT OF $1,800,000 TO THE BEST BIDDER
AND REJECTING ALL OTHER BIDS AND APPROVING, AUTHORIZING AND
DIRECTING EXECUTION OF INDENTURE OF TRUST RELATING THERETO,
APPROVING OFFICIAL STATEMENT AND RATIFYING ALL ACTIONS OF
THE STAFF HERETOFORE TAKEN
in three (3) public places in the City of San Juan Capistrano, to wit: City Hall; Old Fire Station
Recreation Complex; Orange County Public Library.
CHECK LIST
RES. NO. CRA gg-±,�'1,4- —
1--�Chairman has signed
-1� Secretary has signed
____,:f -Agency Seal stamped
�G All blanks typed }'g
"Absent" (� _
"Noes"
"Abstain"
Copies sent to post
file O
mail 1— cert'fied ff
Legal Publication ordered to be published
(date)
No. Printed copies required A
Remarks'Sl/0
U U
Cheryl Johnso Ag cy Secretary
San Juan Capistrano Community
Redevelopment Agency
San Juan Capistrano, California