FA - 2006-01 - Authorizing the Execution and Delivery of a Purchase Contract by and Among the Rosemead CDC, The Rosemead Financing Authority and the Underwriter Named ThereinRESOLUTION NO. 2006-01
A RESOLUTION OF THE ROSEMEAD FINANCING AUTHORITY
AUTHORIZING THE EXECUTION AND DELIVERY OF A
PURCHASE CONTRACT BY AND AMONG THE ROSEMEAD
COMMUNITY DEVELOPMENT COMMISSION, THE ROSEMEAD
FINANCING AUTHORITY AND THE UNDERWRITER NAMED
THEREIN AND ACTION RELATED THERETO
WHEREAS, the Rosemead Community Development Commission (the "Commission ")
has determined to issue its Rosemead Community Development Commission, Redevelopment
Project Area No. 1 Tax Allocation Bonds, Series 2006A, in the aggregate principal amount of
not to exceed $16,000,000 (the "Bonds ");
WHEREAS, the Rosemead Financing Authority (the "Authority "), pursuant to the
Marks -Roos Local Bond Pooling Act of 1985 (Article 4, Chapter 5, Division 7, Title 1 of the
California Government Code) has the authority to purchase and resell the Bonds; and
NOW, THEREFORE, BE IT RESOLVED by the Governing Board of the Rosemead
Financing Authority, as follows:
Section 1. Execution of Purchase Contract The Chairman, Vice - Chairman,
Treasurer, the Executive Director and Secretary of the Authority (each an "Authorized Officer ")
are each authorized acting alone to execute and deliver the Purchase Contract (the "Purchase
Contract'), by and among the Authority, the Commission and Piper Jaffray & Co.,
as underwriter, in substantially the form presented to this meeting and on file with the Secretary
of the Authority.
Section 2. Other Actions The Authorized Officers 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 may deem necessary or advisable in order to consummate the issuance,
sale and delivery of the Bonds as contemplated in the Purchase Contract, and any such actions
previously taken by the aforementioned officers are hereby ratified, confirmed and approved in
all respects.
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Section 3. Effective Date This resolution shall take effect from and after
its adoption.
I, Nina Castruita, Secretary of the Rosemead Financing Authority, hereby certify that the
foregoing resolution was duly and regularly introduced and adopted at a regular meeting of said
Commission held on February 14, 2006, by the following vote, to wit:
AYES:
NOES:
ABSENT:
C am, Q f10+�1 LI''Ftt'[C27['�7[h'1�a
Secretary of the Rosemead Financings v
Authority
ROSEMEAD FINANCING AUTHORITY
By:
Mayor
ATTEST:
&- dj4&
City Clerk
DOCSLA1:5093882
41555 -8
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Nina Castruita, Secretary of the Rosemead Financing Authority, do hereby
certify that the foregoing Resolution No. 2006 -01 being:
A RESOLUTION OF THE ROSEMEAD FINANCING AUTHORITY AUTHORIZING
THE EXECUTION AND DELIVERY OF A PURCHASE DEVELOPMENT
COMMISSION, THE ROSEMEAD FINANCING AUTHORITY AND THE
UNDERWRITER NAMED THEREIN AND ACTION RELATED THERETO
was duly and regularly approved and adopted by the Rosemead Financing
Authority on the 14th of February 2006, by the following vote to wit:
Yes: CLARK, IMPERIAL, NUNEZ, TAYLOR, TRAN
No: NONE
Absent: NONE
Abstain: NONE
ate, �� ,..
Nina Castruita
Secretary