HomeMy WebLinkAbout1993-03-23 - RESOLUTIONS - FISCAL AGENT AGMT EXECUTION (2)29162-02 71RW;W0:mgt
3/l0/93
RESOLUTION NO. 93-38
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA
AUTHORIZING EXECUTION OF A FISCAL AGENT AGREEMENT AND
RESCINDING RESOLUTION NO. 92-98
CITY OF SANTA CLARITA
ASSESSMENT DISTRICT NO. 92-2
(Golden Valley Road)
WHEREAS, on April 21, 1992, this Council passed and adopted Resolution of Intention
No. 92-81 (the "Resolution of Intention") relating to the acquisition and/or construction of public
improvements under and pursuant to the provisions of the Municipal Improvement Act of 1913.
By said Resolution of Intention, this Council provided that serial and/or term bonds would be
issued thereunder pursuant to the provisions of the Improvement Bond Act of 1915, Division 10 of
the Streets and Highways Code of California and reference to said Resolution of Intention is
hereby expressly made for further particulars;
WHEREAS, on July 23, 1992 this Council adopted Resolution No. 92-98, A Resolution
of the City Council of the City of Santa Clarita Determining Unpaid Assessments, Authorizing
Issuance of Bonds and Providing for Execution of Fiscal Agent Agreement With Respect Thereto;
WHEREAS, on November 24, this Council adopted Resolution No. 92-231, A
Resolution Of The City Council Of The City Of Santa Clarita Authorizing Execution Of A Fiscal
Agent Agreement;
WHEREAS, the fiscal agent agreement authorized by said Resolution No. 92-231, has
not been executed and the Council wishes to rescind resolution No. 92-98 and to authorize and
approve a different form of Fiscal Agent Agreement providing for issuance of bonds upon the
security of a portion of such unpaid assessments;
NOW, THEREFORE, BE IT RESOLVED, by the City Council (the "Council') of
the City of Santa Clarita, California (the "City") as follows:
Section 1. Desi nation of Agee . The fiscal agent shall be as designated in the
Fiscal Agent Agreement to act as the Fiscal Agent to perform the actions and duties required under
the Fiscal Agent Agreement for the authentication, transfer, registration, and payment of the bonds.
The Finance Director of the City is hereby authorized and directed to enter into agreements with the
Fiscal Agent in furtherance of the actions and duties of the Fiscal Agent under this Resolution and
the Fiscal Agent Agreement for such authentication, transfer, registration and payment of the
bonds.
Section 2. Approval and Authori a ion of Fiscal Agent Agreement. The
Fiscal Agent Agreement, in the form this day presented to this Council, which Agreement
provides, in substance, for the provisions of the issuance and payment and covenants relating to
,^ the bonds or the series thereof, is hereby approved. The Finance Director of the City is hereby
authorized and directed to execute the Fiscal Agent Agreement on behalf of the City, with such
changes thereto as may be approved by the Bond Counsel to the City with respect to the
proceedings for said assessments for the purposes of the issuance of the bonds, the approval of
such changes to be conclusively evidenced by the execution of the Fiscal Agent Agreement by the
Finance Director. The Fiscal Agent Agreement may provide for the issuance of one or more series
of bonds in and for said assessment district.
Section 3. Rescinding Authority For Prior Agreement. Resolution No. 92-231,
approving a prior form of fiscal agent agreement, is hereby rescinded.
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PASSED AND ADOPTED by the City Council of the City of Santa Clarita at a regular
meeting held on the 23rd day of Narch 1993.
MAYOR
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council
of the City of Santa Clarita at a regular meeting thereof, held on the 23rd day of March
1993, by the following vote of the Council:
AYES: COUNCILMEM 3ERS Boyer, Darcy, Klajic, Pederson, Heidt
NOES: COUNCILMEMEERS None
ABSENT: COUNCILMEMBERS None /
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CITY CLE
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