2001/08/28 Rohnert Park Financing Authority Resolution
RESOLUTION NO. 2001-02
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 Robnert Park Financing Authority (the "Authority") has the authority to purchase the bonds
of the Community Development Commission of the City of Robnert Park (the "Commission"); and
WHEREAS, the Commission has determined to issue its Community Development
Commission of the City of Robnert Park, Robnert Park Redevelopment Project Tax Allocation
Refunding Bonds, Series 2001, in the aggregate principal amount of not-to-exceed $9,000,000 (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, lHEREFORE, it is hereby ORDERED and DETERMINED by the Governing Board
of the Robnert 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 Robnert Park Financing Authority held on the 28th day of August, 2001, by the
following vote:
AYES, and in favor of: (5) Five Councilmembers Flores, Reilly, Spiro, Vidak-Martinez
and Mayor Mackenzie
NOES: (0) None CITY
....
ROHNERT PARK
ABSENT: (0) None
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Chair