HomeMy WebLinkAbout1992-12-08 - RESOLUTIONS - INVESTMENT FUND (2)RESOLUTION NO. CFD 92-1-5
FIRST SUPPLEMENTAL RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF SANTA CLARITA,
CALIFORNIA ACTING AS THE LEGISLATIVE BODY OF
COMMUNITY FACILITIES DISTRICT NO. 92-1
AMENDING RESOLUTION NO. CFD 92-1-4 TO PROVIDE
FOR INVESTMENT OF MONEYS IN THE LOS ANGELES
COUNTY POOLED INVESTMENT FUND
WHEREAS, pursuant to Resolution No. CFD 92-1-4, as amended on
September 22, 1992 (the "Resolution") by the City Council of the
City of Santa Clarita (the "City"), acting as the legislative body
of Community Facilities District No. 92-1 of the City of Santa
Clarita (Valencia Town Center) ("CFD 92-1"), CFD 92-1 has issued
its Special Tax Bonds, Series A in the aggregate principal amount
of $20,000,000 (the "Bonds"); and
WHEREAS, the Resolution did not provide for the investment of
the moneys on deposit in the various funds in the "Los Angeles
County Pooled Investment Fund"; and
WHEREAS, Article VII of the Resolution permits the amendment
thereof by resolutions supplemental thereto which CFD 92-1 may
adopt without the consent of the Owners of the Bonds; and
WHEREAS, CFD 92-1 desires to amend the Resolution which will
permit the investment of moneys on deposit in the funds in the Los
Angeles County Pooled Investment Fund;
NOW, THEREFORE, the City Council of the City of Santa Clarita,
California does hereby resolve, determine and order as follows:
SECTION 1. Amendment. Section 1.01 of the Resolution is
hereby amended by amending the last subparagraph of the definition
of "Investment Securities" to read as follows:
"(x) The Local Agency Investment Fund established pursuant to
Section 16429.1 of the Government Code of the State of California
and the `Los Angeles County Pooled Investment Fund', as permitted
by law."
SECTION 2. Effective Date of Resolution. Following adoption
of this First Supplemental Resolution, a copy of same shall be
mailed by the City Clerk to the Fiscal Agent, First Trust National
Association. This First Supplemental Resolution shall not become
effective unless it shall be filed with the Fiscal Agent.
F32U4M014040-0001\2023333.1 1V01M -1-
PASSED and ADOPTED by the City Council of the City of Santa
Clarita, California at a regular meeting held on the 8th day of
December, 1992.
CITY COUNCIL OF THE CITY OF SANTA
CLARITA, CALIFORNIA ACTING AS THE
LEGISLATIVE BODY OF COMMUNITY
FACILITIES DISTTR�ICCT NO.
92-1
ATT
M�R -
ATT ST:
ITY CL K
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the City Council of the City of Santa Clarita,
California, at a regular meeting thereof, held on the 8th day of
December, 1992, by the following vote of the Council:
AYES: Councilmembers Boyer, Darcy, Pederson, Heidt
NOES: Councilmembers None
ABSENT: Councilmembers Klafic
IT CLERK
(SEAL)
I, DONNA GRINDEY, City Clerk of the City of Santa Clarita,
California, DO HEREBY CERTIFY that the above and foregoing is a
full, true and correct copy of Resolution No. CFD 92-1-5, and that
the same has not been amended or repealed.
DATED:
(SEAL)
December 8th
PS2"46\O140404=1=3533.1 12101/92 -2-
1992.
lerx of the City of
Clarita, California
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