2005/08/09 Rohnert Park Financing Authority Resolution
RESOLUTION NO. 2005-02
A RESOLUTION OF THE ROHNERT PARK FINANCING. AUTHORITY AUTHORIZING
THE EXECUTION AND DELIVERY OF AN AMENDMENT TO SITE LEASE AND AN
AMENDMENT TO FACILITIES LEASE IN CONNECTION WITH THE ROHNERf PARK
FINANCING AUTHORITY LEASE REVENUE REFUNDING BONDS, SERIES 2003
WHEREAS, the Rohnert Park Financing Authority is a joint exercise of powers entity
duly organized and existing under and by virtue of the laws of the State of California (the
"Authority'~); and
WHEREAS, the City of Rohnert. Park is a municipal corporation organized and existing
under the Constitution and laws of the State of California (the "City"); and
WHEREAS, the Authority and the City entered into, a Site Lease and a Facilities Lease,
each dated as of July 1, 2003 (the "Leases") in connection with the issuance of the Authority's
Lease Revenue Refunding Bonds, Series 2003; and
WHEREAS, the City and the Authority desire to amend the description of the Leased
Property under the Leases to remove a portion of the Leased Property in connection with the
Arbors Project, as provided in the Amendment to Site Lease and Amendment to Facilities
Lease, each dated as of August 9,2005 (the "Lease Amendments"), forms of which are on file
with the City Clerk and Authority Secretary presented to this meeting.
NOW, THEREFORE, BE IT RESOLVED by the Governing Board of the Rohnert Park
Financing Authority,as follows:
Section 1. The foregoing. recitals are true and correct and this Board hereby so finds
and determines.
Section 2. The form and substance of the Lease Amendments are hereby approved.
The Chair and Treasurer, or their designees are hereby authorized and directed, for and in the
name and on behalf of the Authority, to execute and deliver, and the Secretary of the Authority
is hereby authorized and directed to attest, the Lease Amendments in substantially said form,
with such changes therein as such officer may require or approve in consultation with the City
Attorney, acting as the Authority's counsel, such approval to be conclusively evidenced by the
execution and delivery thereof.
Section 3. The officers of the Authority are hereby authorized and directed, jointly and
severally, to do any and all things and to execute and deliver any and all documents which they
may deem necessary or advisable in order to carry out, give effect to and comply with the terms
and intent of this resolution. Such actions heretofore taken by such officers are hereby ratified,
confirmed and approved.
Section 4. This resolution shall become effective upon receipt by the Authority of
written consents of MBIA Insurance Corporation and Union Bank of California N.A. to the
execution and delivery of the Lease Amendments.
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PASSED, APPROVED AND ADOPTED by the Governing Board of the Rohnert Park
Financing Authority at a [special] meeting on the 9th day of August, 2005 by the following vote:
AYES: Five (5)
NOES: None (0)
ABSENT: None (0)
ABSTAINED: None (0)
Council Members Breeze, Flores, Smith, Vidak-Martinez and
Mayor Mackenzie
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,..---
[SEAL]
ATTEST:
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Secreta Jud~Uf'~m
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2
SECRETARY'S CERTIFICATE
I, Judy Hauff, Secretary of the Rohnert Park Financing Authority, do hereby
certify as follows:
The foregoing resolution is a full, true and correct copy of a resolution duly
adopted ata [special] meeting of the Governing Board of said Authority duly and regularly held
at the regular meeting place thereof on the 9th day of August, 2005, of which meeting all of the
members of said Governing Board had due notice and at which a majority thereof were present;
and that at said meeting said resolution was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAINED:
An agenda of said meeting was posted at least 72 hours before said meeting at
City Hall, 6750 Commerce Blvd, Rohnert Park, California 94928, a location freely accessible to
members of the public, and a brief description of said resolution appeared on said agenda.
I have carefully compared the foregoing with the original minutes of said meeting
on file and of record in my office, and the foregoing is a full; true and correct copy of the original
resolution adopted at said meeting and entered in said minutes.
Said resolution has not been amended, modified or rescinded since the date of
its adoption and the same is now in full force and effect.
Dated: 4..,r-- / i) , 2005
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