HomeMy WebLinkAboutReso - CC - 031-1983_0231J JHHW:LCJ:jla
RESOLUTION NO. 31-83
A RESOLUTION RATIFYING APPROVAL AND AUTHORIZING EXECUTION
OF FINANCING DOCUMENTS PERTAINING TO THE LEASING OF
WASTEWATER TREATMENT PLANT IMPROVEMENT PROJECT AND
RELATED IMPROVEMENTS FOR THE CITY OF BURLINGAME
05/16/83
RESOLVED, by the City Council of the City of Burlingame, California (the
"City"), as follows:
WHEREAS, the City is proposing to proceed with the leasing of certain
wastewater treatment plant improvements to be installed at the City's
wastewater treatment plant (the "Project"); and
WHEREAS, by Resolution No. 26-83, the City Council has approved the
form and authorized execution of certain documents pertaining thereto; and
WHEREAS, the payment schedule provisions of the documents heretofore
approved were previously unavailable and therefore not included in the
documents approved by Resolution No. 26-83; and
WHEREAS, a Bid for the Purchase of City of Burlingame, California,
Certificates of Participation has been submitted by Merrill Lynch White Weld
Capital Markets Group, has been reviewed by the financing consultant to the
City, special counsel to the City, the City Attorney, and other qualified
officers of the City, and has been found to be the lowest responsible bidder
for the Certificates.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Burlingame that:
SECTION 1. Approval of the forms of those documents enumerated and
described in Resolution No. 26-83 are hereby ratified and authority to
execute those documents with the payment schedule provisions now included
therein is hereby reconfirmed.
SECTION 2. The Proposal for Certificates submitted by Merrill Lynch
White Weld Capital Markets Group, as successful bidder for the certificates,
is hereby approved and the City Manager is authorized to execute the proposal
for and on behalf of the City of Burlingame.
SECTION 3. The City Manager is hereby authorized to approve revisions
to any of the documents referred to herein, provided that the City Attorney
and other qualified officers of the City and special counsel to the City
concur in his determination that any revision is not inconsistent with the
essential terms of such documents.
SECTION 4. The City Manager, City Clerk, and other qualified officials
of the City are hereby authorized and directed to execute such other documents
and certificates as may be necessary to effect the proposals of this
resolution and the installment purchase financing authorized herein.
Mayor
I, EVELYN H. HILL, City Clerk of the City of Burlingame, do hereby
certify that the foregoing Resolution was introduced at a regular meeting of
the City Council held on the 16th day of May, 1983, and was adopted thereafter
by the following vote:
AYES: COUNCILMEN: AMSTRUP, CROSBY, MANGINI, MARTIN
NOES: COUNCILMEN: NONE
ABSENT: COUNCILMEN: BARTON
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