1999/01/12 Rohnert Park Financing Authority Resolution (3)
RESOLUTION NO. 99 -02
RESOLUTION OF THE ROHNERT PARK
FINANCING AUTHORITY
AUTHORIZING THE PURCHASE OF CERTAIN BONDS,
AND THE EXECUTION AND DELIVERY OF CERTAIN DOCUMENTS
TO THE COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF ROHNERT PARK IN CONNECTION THEREWITH
WHEREAS, pursuant to the provisions of California Government Code section 6589 the City of
Rohnert Park Financing Authority (the "Authority") has the authority to purchase the bonds of the
Community Development Commission of the City of Rohnert Park (the "Commission"); and
WHEREAS, the Commission has determined to issue its Community Development Commission
of the City of Rohnert Park, Rohnert Park Redevelopment Project Tax Allocation Bonds, Series 1999, in
the aggregate principal amount of $ (the "Bonds");
WHEREAS, the Commission desires to sell the Bonds to the Authority and the Authority desires
to buy the Bonds from the Commission; and
WHEREAS, the Authority shall then sell the Bonds' to the Stone & Youngberg, LLC (the
"Underwriter") in accordance with the terms and conditions of the Bond Purchase Contract by and among
the Agency, the Authority and the Underwriter; and
WHEREAS, the documents specified below have been filed with the Secretary of the Authority
and the Board of Directors of the Authority have reviewed said documents;
NOW, THEREFORE, it is hereby ORDERED and DETERMINED by the Governing Board of the
Rohnert Park Financing Authority that the Authority is hereby given approval to purchase the Bonds from
the Commission and to sell the Bonds to the Underwriter upon such terms and conditions as are set forth in
the Bond Purchase Contract and the Executive Director or the Treasurer and Controller of the Authority, or
such other official as either may designate, as hereby authorized and directed to execute such documents as
shall be necessary for the consummation of such purchase and sale and the Secretary is authorized to attest
to such officer's signature.
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I hereby certify that the foregoing resolution was duly adopted at a meeting of the Governing
Board of the Rohnert Park Financing Authority held on the 12th day of January, 1999, by the following
vote:
A YES, and in favor of: 5
NOES: 0
ABSENT: 0
II'
V- .f--p
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Chair .
Secretary
Karen Pennrich (CERTIFIED)
FLORES--AYLMACKENZIE~SPIRO AYE VIDAK-MARTINEZ AYE RElLLY AYE
AYES: 5 NOES: 0 ABSENT: 0 ABSTAIN: 0
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