CC Resolution 8317
13051-07
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6/3/92
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RESOLUTION NO. _ 831 7 ___
A RESOLUTION APPROVING FORM OF BOND PURCHASE CONTRACT,
OFFERING MEMORANDUM AND RELATED DOCUMENTS AND
AUTHORIZING ACTIONS WITH RESPECT THERETO
CITY OF CAMPBELL
Dillon-Gilman Local Improvement District No. 30
RESOL VED, by the City Council (the "Council") of the City of Campbell (the "City"),
County of Santa Clara, State of California, that
WHEREAS, on this date, Stone & Youngberg (the "Underwriter") has presented to the
Council, a form of contract (the "Bond Purchase Contract") for the purchase of not to exceed
$666,471 par value of Limited Obligation Improvement Bonds, City of Campbell, Dillon-Gilman
Local Improvement District No. 30, Series 1992 (the "Bonds") to be issued by the City in
proceedings undertaken pursuant to Resolution No. 8186, entitled "A Resolution of Intention to
Make Acquisition and Improvements," adopted by the Council on October 21, 1991 and a form of
Offering Memorandum for the Bonds;
WHEREAS, a copy of the Bond Purchase Contract and form of Offering Memorandum
for the Bonds are on file in the office of the City Clerk and reference is hereby made thereto for
further particulars;
WHEREAS, the Council has considered the Bond Purchase Contract and Offering
Memorandum and fmds them acceptable; and
WHEREAS, the public interest and convenience will be served by entering into the Bond
Purchase Contract and authorizing the Offering Memorandum;
NOW THEREFORE, IT IS ORDERED, as follows:
1. The form of Bond Purchase Contract is hereby approved and the Finance Director
of the City, or such other official of the City as may be designated by the Council (the "Authorized
Official"), is hereby authorized and directed to negotiate the final Bond Purchase Contract for and
on behalf of the City, the execution of which will be authorized by separate resolution of the
Council.
2. Upon execution of the Bond Purchase Contract by the City, the Bonds shall be
printed, authenticated and delivered, all in accordance with the applicable terms of the Bond
Purchase Contract and the Authorized Official and other responsible City officials are hereby
authorized and directed to take such actions as are required under the Bond Purchase Contract to
complete all actions required to evidence the delivery of the bonds and the receipt of the purchase
price thereof from the Underwriter.
3 . The Council hereby approves the Offering Memorandum describing the financing
described herein, in substantially the form on file with the Authorized Official, together with any
changes therein or additions thereto deemed advisable by the Authorized Official. The Council
approves and authorizes the distribution by the Underwriter of the Offering Memorandum to
prospective purchasers of the Bonds.
4. All actions heretofore taken by the officers and agents of the City with respect to the
establishment of the assessment district and the sale and issuance of the Bonds are hereby
approved, confirmed and ratified, and the proper officers of the City are hereby authorized and
directed to do any and all things and take any and all actions and execute any and all certificates,
agreements, contracts, and other documents, which they, or any of them, may deem necessary or
advisable in order to consummate the lawful issuance and delivery of the Bonds in accordance with
this resolution, and any certificate, agreement, contract, and other document described in the
documents herein approved.
5. This resolution shall take effect from and after its adoption.
* * * * * * * * * * * *
The foregoing resolution was introduced at a regular meeting of the Council of the City of
Campbell held on the ~ day of June , 1992, was passed and adopted by the
following vote:
AYES: Councilmembers:
Kotowski, Conant, Ashworth, Watson, Burr
NOES: Councilmembers:
None
ABSENT: Councilmembers:
None
ATTEST:
,J. / ~
X Jattta l//l
. - Barbara Kee
City Clerk
APPROVED:
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Donald R. Burr
Mayor
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