Resolution Number 01-7-3-6RESOLUTION NO. 01-7-3- 6
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN
CAPISTRANO APPROVING THE ISSUANCE OF LONG-TERM BONDED
INDEBTEDNESS BY THE ORANGE COUNTY FIRE AUTHORITY FORTHE
PURPOSE OF FINANCING THE REGIONAL FIRE OPERATIONS &
TRAINING CENTER
WHEREAS, the City of San Juan Capistrano (the "City") is a member of the Orange
County Fire Authority (the "Authority"); and
WHEREAS, the Amended Orange County Fire Authority Joint Powers Agreement
dated as of September 23, 1999 (the "JPA Agreement") establishing the Authority requires
that two-thirds of the members of the Authority approve the issuance of long-term bonded
indebtedness by the Authority; and
WHEREAS, the Authority has requested that its member agencies approve the
issuance of long-term bonded indebtedness for the purpose of financing the Regional Fire
Operations & Training Center (the Facility"); and
WHEREAS, the Authority has submitted to the City a Preliminary Financing Plan
�. dated as of May 24, 2001 (the "Preliminary Financing Plan") a copy of which is on file with
the City Clerk; and
WHEREAS, the City desires to approve the issuance of long-term bonded
indebtedness for the Facility as described in the Preliminary Financing Plan.
NOW, THEREFORE, the City Council of the City of San Juan Capistrano DOES
HEREBY RESOLVE as follows:
1. Each of the foregoing recitals is true and correct.
2. In accordance with the JPA Agreement, the City hereby approves the issuance by
the Authority of long-term bonded indebtedness in a principal amount not to exceed
$28,500,000 (the "Bonds") with a true interest cost not to exceed 5.5% and with a
final maturity of not more than 9 years for the purpose of financing the Facility. The
City acknowledges that, in the event that two-thirds of the members of the Authority
approve the issuance of the Bonds, the Authority may issue the Bonds without any
further approvals from the City.
3. This Resolution shall take effect immediately upon its adoption.
PASSED, APPROVED, AND ADOPTED this 3rd day Of July 2001.
WYAT ART, MAYOR
ATTEST:
ET R. MONAHAN, CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE )Ss.
CITY OF SAN JUAN CAPISTRANO )
1, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano,
do hereby certify that the foregoing Resolution No. 01-7-3-6 was duly adopted by the
City Council of the City of San Juan Capistrano at a regular meeting thereof, held the
3rd day of July 2001, by the following vote:
AYES: COUNCIL MEMBERS
NOES COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS
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R. MONAHAN, City Clerk
Bathgate, Greiner, Gelff, Swerdlin and Mayor
Hart
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