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RES�LUTION NO. 1733
� A RES8LUTIOW OF THE CITf COUNCIL OF THE MTY OP S4N
I
IACINTC, CALIFORWIA, OF I04TENT REGAH�ING CERTlFICA�E�
2 OF PARTICIP(-� O TIN
WHEREAS, it is the present intent of the City of San j nxcinto
3 ( the``CitV» > to finance a ci c centerx variuus other capital
improvements and Z-1 mserve ( collecti elV° tho
4 "Projact " 1 with proceeds from the �SalEll uf cH-r 'ates of
participetion ( the "Certxficatell WWI
WHEREAS, it is in the best interealt of the City to retain
6 special counsel and an underwritmr in connection thsrilwith ;
7 NOW THEREFORE, BE IT RESULAME) by the City CuunciI of the
E:ity o� San Jacinto as follows:
�
Than law firm of Brown & Wood i's herebo/ appnlnted to act as
� special counsel in connection with the salc of the Certificates "
Brown & Wood ' s fee shall be canditioned upom thm completion of
such sale .
First californsa Reyiona| Gecurities ( "First C:alifornia" )
hereby a inpointed to act as underwriter tq thsk City in connectzon
with the sale of the Certificates" First U'-'�] ifornia ' s fee shall
be conditioned upon thr City entering into contract of purchase
with First liformia rol .3ting to such sale.
14 The City nynnger of the CitV ; or such uther per�on designzited
by the City Managerz is hereby du�hor� 2ud and directed to tzke
�� anv action 171d One all thinq E; to giI/u Elffect to the intent of
this Re�olution .
16
In the event any item or portion of such project IT, acquired ,
17 con a, V Jcted o, improved prior to the issuance of the
EMr6ificates ; it iqv the intent of ths; City to reimburse the
I cost uf �LIch acguisition, com0struction mr improvement from the
proce�6s of such Certificates. The City M�nager shall deslgnatE'
�g items or portionS of the Project which will 6e so reimbursed °
20 MQ\/EN PASSEID &md ADOPTED this 17th day of Novembe B7, by
2 1 the following note:
~ ' AYES: Mouncil Memtoery Ford , Stev F4ns� Divine« Wedding and
22
B7uart
23 WOEG: Wone
24
ABSEWTx Wone
ATTEST� �
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2 i '
28
�Me p6ty City C1erk
29
CERTI F I CATE
30 Thc-2 fore oing is certified to be a true coAy of Hesolution
Wo 1733 dulV adupted bV the said Ean Jacinto City Council on
13 1 .
the C%to 170t forth thWein"
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