HomeMy WebLinkAbout2007-04-24 - RESOLUTIONS - HMNMH BONDS (2)RESOLUTION NO. 07-24
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, APPROVING THE ISSUANCE OF THE
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY REVENUE
BONDS (HENRY MAYO NEWHALL MEMORIAL HOSPITAL), SERIES 2007 IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $75,000,000 FOR THE PURPOSE
OF FINANCING AND REFINANCING THE ACQUISITION, CONSTRUCTION,
IMPROVEMENT AND EQUIPPING OF HEALTH AND RELATED FACILITIES
AND CERTAIN OTHER MATTERS RELATING THERETO
WHEREAS, Henry Mayo Newhall Memorial Hospital, a California nonprofit public
benefit corporation (the "Corporation"), has requested that the California Statewide Communities
Development Authority (the "Authority") participate in the issuance of one or more series of
revenue bonds in an aggregate principal amount not to exceed $75,000,000 (the "Bonds") for the
acquisition, construction, improvement and equipping of certain health and related facilities (the
"Facilities") to be owned and operated by the Corporation and located within the City of Santa
Clarita; and
WHEREAS, pursuant to Section 147(f) of the Internal Revenue Code of 1986 (the
"Code"), the issuance of the Bonds by the Authority must be approved by the City of Santa
Clarita because the Facilities are located within the territorial limits of the City of Santa Clarita;
and
WHEREAS, the City Council of the City of Santa Clarita (the "City Council") is the
elected legislative body of the City and is one of the applicable elected representatives required to
approve the issuance of the Bonds under Section 147(f) of the Code; and
WHEREAS, the Authority has requested that the City Council approve the issuance of
the Bonds by the Authority in order to satisfy the public approval requirement of Section 147(f)
of the Code and the requirements of Section 9 of the Amended and Restated Joint Exercise of
Powers Agreement, dated as of June 1, 1988 (the "Agreement"), among certain local agencies,
including the City; and
WHEREAS, pursuant to Section 147(f) of the Code, the City Council has, following
notice duly given, held a public hearing regarding the issuance of the Bonds, and now desires to
approve the issuance of the Bonds by the Authority; and
WHEREAS, any approval provided by the City Council with respect to Section 147(f) of
the Code will not constitute approval of the proposed Master Plan Development the City Council
is currently reviewing.
NOW, THEREFORE, the City Council of the City of Santa Clarita does hereby resolve as
follows:
SECTION 1. The City Council hereby approves the issuance of the Bonds by the
Authority. It is the purpose and intent of the City Council that this resolution constitute approval
of the issuance of the Bonds by the Authority, for the purposes of (a) Section 147(f) of the Code
by the applicable elected representative of the issuer of the Bonds and the governmental unit
having jurisdiction over the area in which the Facilities are located, in accordance with said
Section 147(f) and (b) Section 9 of the Agreement.
SECTION 2. The officers of the City 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
deem necessary or advisable in order to carry out, give effect to and comply with the terms and
intent of this resolution and the financing transaction approved hereby.
SECTION 3. This resolution shall take effect immediately upon its adoption.
SECTION 4. The City Clerk shall certify to the adoption of this Resolution.
PASSED, APPROVED AND ADOPTED this 24th day of April, 2007.
ATTEST:
CITY CLERK
0
r
MAYOR
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Sharon L. Dawson, CMC, City Clerk of the City of Santa Clarita, do 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 24th day of April, 2007, by the following vote:
AYES: COUNCILMEMBERS: Weste, Kellar, Boydston, Ferry, McLean
NOES: COUNCIi.MEMBERS: None
ABSENT: COUNCILMEMBERS: None
R
CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
CERTIFICATION OF
CITY COUNCIL RESOLUTION
I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that this is a true
and correct copy of the original Resolution No. 07-24, adopted by the City Council of the City of
Santa Clarita, California on April 24, 2007, which is now on file in my office.
Witness my hand and seal of the City of Santa Clarita, California, this _ day of
20_.
Sharon L. Dawson, CMC
City Clerk
By
Susan Caputo
Deputy City Clerk