PFA Reso 2012-003 - Laserfiche WebLink

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of its rights under the Lease Agreement to U.S. Bank National Association, as trustee for the Refunding Bonds; and WHEREAS, in connection with the refinancing, the Authority, as lessor, and the City, as lessee, will enter into a Lease Agreement dated as of January 1, 2013 (the "2013 Lease Agreement "), pursuant to which the City will make lease payments, a portion of which relate to the refunding of the 2001 Certificates (the "2001 Refunding Lease Payments "), to the Authority; and WHEREAS, in order to entice the City to enter into the 2013 Lease Agreement and to obligate itself to make the 2001 Refunding Lease Payments, the Successor Agency desires to enter into an Amended and Restated Reimbursement Agreement (the "2013 Reimbursement Agreement "); and WHEREAS, the Authority wishes at this time to approve all proceedings to which it is a party relating to the issuance and sale of the Refunding Bonds and assist the City in the refinancing of the Prior Certificates; NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: SECTION 1. Issuance of Refunding Bonds. The Authority hereby authorizes the issuance of the Refunding Bonds under the Bond Law in the maximum principal amount of $14,500,000, for the purpose of providing funds to refinance the Prior Certificates. The Refunding Bonds shall be issued under the Bond Law and the Indenture of Trust that is approved below. SECTION 2. Approval of Related Financing Agreements. The Authority hereby approves each of the following agreements required for the issuance and sale of the Refunding Bonds and the refinancing of the Prior Certificates, in substantially the respective forms on file with the Secretary together with any changes therein or additions thereto (including the addition of a reserve account) deemed advisable by the Chairman, Executive Director or the Treasurer (each, an "Authorized Officer "), whose execution thereof shall be conclusive evidence of the approval of any such changes or additions. An Authorized Officer is hereby authorized and directed for and on behalf of the Authority to execute, and the Secretary is hereby authorized and directed to attest, the final form of each such agreement, as follows: • Indenture of Trust, between the Authority and U.S. Bank National Association, as trustee (the "Trustee "), setting forth the terms and provisions relating to the Refunding Bonds. • Site Lease, between the City as lessor and the Authority as lessee, under which the City leases the Leased Property to the Authority in consideration of the payment of an amount which will be applied by the City to refinance the Prior Certificates. RESOLUTION NO. 2012-003 PFA 2