HomeMy WebLinkAboutReso 1990-361 - Approving a form of landfill improvement agreement I • •
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RESOLUTION NO. 5P0-36.,/
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF REDDING APPROVING A FORM OF LANDFILL
IMPROVEMENT AGREEMENT.
WHEREAS, the City of Redding (the "City" ) has entered
into an agreement with the County of Shasta ( the "County" ) for the
operation of the County' s West Central Landfill site and has
approved the amendment and restatement of said agreement (the
"Landfill Operation Agreement" ) ;
WHEREAS, the Landfill Operation Agreement provides that
the County may execute Contracts (as defined in the Landfill
Operation Agreement) only with the approval of the City; and
WHEREAS, there has been presented to this meeting a
proposed form of 1990 Landfill Improvement Agreement, dated as of
July 1, 1990 ( the "Landfill Improvement Agreement" ) , by and between
the County and the Shasta Joint Powers Financing Authority;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding as follows :
Section 1 . The proposed form of Landfill Improvement
is Agreement on file with the City Clerk of the City and incorporated
by reference as if fully set forth herein is hereby approved. the
Mayor of the City is hereby authorized to evidence the approval by
the City of the Landfill Improvement Agreement in substantially
said form, with such change, therein as shall be approved by the
City Attorney and the Mayor executing such approval, with such
execution to constitute conclusive evidence of such officers'
approval and the City' s approval of any changes or revisions
therein from the form of Landfill Improvement Agreement on file
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with the City Clerk of the City; provided that the Shasta Joint
Powers Financing Authority Landfill Revenue Bonds, 1990 Series A
(the "Bonds" ) shall be issued in an aggregate principal amount not
to exceed $7 ,200,000 and shall have a final maturity not later than
July 1, 2010, and a true interest cost not greater than 7 .75%
Section 2 . The officers of the City are hereby
authorized and directed, jointly and generally, 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 carry out, give effect
to, and comply with the terms and intent of this resolution,
including taking all actions required to be performed by the City
in connection with the issuance of the Bonds. Such actions
heretofore taken by such officers are hereby ratified, confirmed,
and approved.
Section 3 . This resolution shall take effect immediately
upon its passage.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of the
City of Redding on the 17th day of July , 19 90 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Arness, Fulton, Moss & Buffum
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Dahl
ABSTAIN: COUNCIL MEMBERS: None
141-4A' C
NCY/ . BUFFI11p`
N�� ; Mayor
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ATTEST:
E EL A. NICHOLS, City Clerk
FORM APPROVAL::
R• 0DALL A. HAYS, ' ity Attorney
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