Resolution Number 09-03-17-06RE%9OLUTiON NO. 09-0:I-17-06
RESOLUTION OR 7F B CITY CIOUNCIL OR 7F B CITY OR SAN JUAN
CARI9TRANO REGARDING ITS INIBNTION 10 ISSL B TA)-9XEMRT
OBLIGAMO1` 9 AN U 10 REIMBI, RISE TH9 CM RROM RROCBED%rI OR
SUCH OBLIGATIONS ROR CO9T%9 IN CIL RROD PRIOR 10 1991. ANCE
(\AIPITER 91r 9T9M 11VIRROV9MEI` IS)
WHBRBAS, the Cli-ly Cauncil cif the City cif San , uan Cap istnana (the
"Issuer") desires Ia llinance the casts all acquin'ng certain public faicililies aind
impiiavemfinls, ais pravideid in Bxhit it A atlachEid heireia and incanpanaileid herein (ihEi
"Rrajeic-I");
WHER9FI9, the ISSUEir in'lends 1a fnancEl iho aicquisiilicin cif IhEi RnajEicl an
por'ians all they FlnajEict with the pnciceiEids ail the saile of obligaitians Ihei inlencst upon
whicf is Excluded 'Inam gnass income kin fedEinal incamei tax punposeis (the
"Obligations"); and
WHEREAS, pnian ici the issuance cit the Obligalians 'It a Issuen desires to
incur cer ain E xpE ndiiures wilt nE spE ct la the Rrajecl from EivallablE manics o1 'Ihe
Iss uE r w hict E xpendilures ane dE s inE d 1ci bE tieimbunsE d by 1 he Issuer room ai partion of
-IhE pnaceeds all It a sale cif the ObligEilians;
NOW, THER9RORE, BB 1-1 RESOLVED 'Ihail the Ci'ly Cauncil 01 the City
of Sein , uan Capistnaina daES t Eneby, onden and dEiIE rrT in as lallciws:
SEC71ON 1. ThE ISSUEn henE t y s4E s its in1E niian and nE asanably
expE cts 10 nE imbursE RnojEict casts incunred pnian ilo the issuancEi all the Obligalians with
ptioceeds ail Ile Obligations. Exhibit AI describEs eithen the gEnenal chainaicllE n, type,
purpasE , and llunclicin o-1 the Rnajecl, or IhE fund on aiccoun'I iuom which Pnojecl costs ainE
to be paid wind -It a genE nail -luncilicinail purpasE ol'Ihe llund on Eiccaun1.
9BCTION 2. 7hE BEaisonably expE ctEd maximum pnincipad amount all the
Obligations is $'12,500,000, wilt respE c1 'la It E Wa1E r Sys1E m ImpnavE ME nIs describEd
ail Bxhibil A.
SOCTION 3. This nEsoluiian is bEing adapted on an prion to the date (1hE
"Expendi'l(IuE s Date on Dai1E s") that 'It E Issuen will expend moniEs lcir 'lt a portion all the
Rnajecl costs 1a be reimbursed fnam pracE eds of the Obligations.
SHCITION � . Excepi ais dE scnibE d below, the eixp eclE d dale 01 issuE cif
the Obligations will be within eighilE en months o1 the Carlen oil the Bxpenditure Dale or
Dates and the dellIE the RrajEcl is placed in servicE; provided, the nEimbursemenl may
nal be madE mane Than three yeans aiflein the ciniginad expenditure is paid. Rcir
Obligations subject to 'It e s mall issuE n excE ptian oil 9eclicin 148(f)(4)(0) a1 the Inlerrial
REvenue Code, 'IhE "EightEE n-manit limi-l" of the pneviaus sen'lencE is changed 'lo "'IhtiE e
3-17-2((9
yeans" and the limillation oil the previous sentence bEiginning with "; q navided....." is not
applicable.
IN CITION 5. RroceiEids of the Obligations to be usEid 'lo reimbunsEi fail
RnojEici costs are not EixpeicilEid In be Used, within anEi yeian crl neimburseirrienil, dirEiatiy ar
indineic111y to pay debt sEiruicE1 with respEict to any abligalion (other Ihan 10 pay cunfini
debt sEiruicEi aaming due within the next succceiding an el yEiar period on any lax-exEimpll
abligai ian o-1 the Is suen (athEir 1 han 'l t e Obligations)) ar to be hE ild as a reasonably
Niquired resEiruei on replacerriEini 'I1.11nd wilt nespect io an abliga-lian of the Issuen on any
Eintity nelaled in any mannen to the Issuen, on to neimburse any expElndillunEi Iha11 was
ariginally paid wi'lh the procEieds cif any abligalian, or la replace ilunds Thal aim an will be
used in such manner.
"ISCTION 6. This resolution is cansis-lenil wilt the budgEitary and financial
cincurrisilances of 11he Issuen, as (0 the date henEIClil. N o rrionieis fnom souncEis alhen 11han
1hEi Obligalian issuEi alis, or ane reasonably Eixpecled Io bEi nEiser\ied, allocallEid an a
lang-lenm basis, an otherwise sEit aside by the IssuEin (on any relailEid parry) punsuani to
Thein budget or financial policies with nEispecil la the Project casts. To Ihei best crf aun
knowlEidgEi, This Clity Council is not awanEl of the pneviaus adap1lian of aflicial inlents by
1hEi Issuen 11ha1 have beien madEi as a mat en cif counsEi far 1he purposEi all nEiimbur<,iing
eixpendi-ltnies and lor which tax-eMirripl obligations t avEi no11 beiEin issucd.
SECTION 7. Me limitations deiscribEid in Seiclion "�I and flection 4 do nat —
apply to (a) caslls oll issuancEi oil 'Ihe Obligalions, (b) an amounil nail in Excess oil IhE1
lessen crl $' 00,000 ar 1ivEi peraen'l (5%) of 11he procEieds cif the Obligations, ar (c) any
pnEiliminaryl expenditures, sLich as archilEicltinal, einginEiEining, surveying, soil -lesiing, and
similar cas-Is ashen It an land acquisition, site pneipanatian, and similar casts incidEinl ria
commEincerrieni cit canslnuction, ncrl in Excess of MEinty pEmcent ('A 0"/i) cif 1hEi aggnEigale
iss uE1 pnicEi oil'It a Obligalions 11ha1 financEis the RnojEicl akin which 1hEi preliminary)
expEindillunEis wenEi incurnEid.
SECTION 8. phis nesalu-lian is adopted as official aclion of the Issuen in
order la comply wi'lt llnEiasurl FRegulatian § .'150-2 and any cithEir nEigulaIions of the
InlEinnal ReVEinuE1 SEiruice reilaling'lo ihEi qualificalian for rEiimbursEimEint oil Issuer
expEindirlunEis incurnEid pikin1a the dal8 crl issuE1 of llhei Obligalians, is par of-lt a Issuer's
official pnaceEidings, and will be availablEi lar inspection by -It a genEinal public at 1hEi
main adminisiralivE1 office ail -It a Issuan.
SECTION 9. All 1hEi nEicHals in -It is Rescilulion are 1rua and conreci and
Ihis City Council so finds, delarmines and imprmanIs.
3-17-2009
F ASSOU, AFF ROS BD, AND ADOFTOU Ihis '17" day of Maud, 20airl.
21-46
MA K IBLS N, MA*DR
ATT9PT:
MAR GA,R ONAH, CITY LERK ZI
STATE OR CALIRORNIA }
CIOL N IIY OR ORANGE )SS.
CIITH OR SAN JUAN CAF 19TRANO )
1, MARGARET R. MON AHAN, appainllE d CHH Cleuk all the City cif San Juar Capisluaina,
da hE ne by cE d illy i hail the Haregaing Reaolu l lic n N c. 0fI-03-17-06 wa19 duly adapted by
the Cil Clouncil of the CilN o-1 .Ian Juan Caipisivana al a Regulau rneeling lheneoH, held
the 'I7 "day of Manch 2CI(Ig, by 1hE Hallowing vale:
AYE COL N CIIL MOMBOR9: Allevallo, RneEse, Hribar, Uso and Mayon Nielsen
N /} 4COLNCilLMOMBOR: None
A SE T1:CIOUNCIL MOMBER: N ane
R. MPVAHANW, Cily
3 3-17-2009
EXF 19111 A
DEIICIRIFI-MOb OF FIF 0,10(1-1
Wa,len Sysilemi Improvements:
ilwo aasilenly Ground Walei Fecoveryl Plant Wells
ChigUita Regional IcItorage Reservoir
Gnound Wallin Racoveiry Mani Bxpansion
Hump Stallion Impnoverrienls and Bmergency Clonnecilions
Hipelinu Conslnuclion; and
O1hen similan wakir sysllcm ilacilily projeicls.
3-17-2009