HomeMy WebLinkAboutReso 2004-195 - Blood Systems Inc
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RESOLUTION NO. 2004-195
A RESOLUTION OF'fHE CITY COUNCIL OF THE CITY OF
REDDING APPROVING A TAX-EXEMPT BOND FINANCING
TO BE ISSUED BY THE ARIWNA HEALTH FACILITIES
AUTHORITY TO BENEFIT BLOOD SYSTEMS, INC.
WHEREAS, Blood Systems, Inc. (known primarily through its comnumity blood centers as United
Blood Services), a nonprofit corporation incorporated under the laws of the State of Arizona (the
"Borrower"), has requested that the Arizona Health Facilities Authority (the" Authority") issue bonds in one
or more series in an aggregate principal amount not to exceed $55,000,000 (the "Bonds") for the purpose
of, among otherthings, financing or refinancing (including refinancing indebtedness used for) the acquisition
ofland for and the acquisition, construction, improvement, equipping, renovation, rehabilitation and/or
remodeling of capital projects (the '"Financing") of Certain blood centers, research, health care and related
administrative facilities owned and operated by the Borrower or its affiliates, including anew approximately
8,600 square foot blood center (the "Facilities") to be owned and operated by Blood Centers of the
Pacific, a California nonprofit public benefit corporation and an affiliate of the Borrower, and to be located
in the City of Redding (the "City");
WHEREAS, pursuant to Section 147(f) of the Internal Revenue Code of1986 (the "Code"), the
issuance of the Bonds by the Authority must be approved by the City because the Facilities are located
within the territorial limits of tht: City; .
WHEREAS, the City Cowlcil of the City of Redding (the "Council") is the elected legislative body
of the City and is one of the applicable elected representatives required to approve the issuance of the
Bonds under Section 147(f) ofthe Code;
WHEREAS, the Authori~y has requested that the Council approve the issuance of the Bonds by
the Authority in order to satisfy the public approval requirement of Section 147(f) of the Code; and
WHEREAS, pursuant to Section 147(f) of the Code, the Council has, following notice du1y given,
held a public hearing regarding the issuance of the Bonds, and now desires to approve the issuance of the
Bonds by the Authority;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City ofReddingas follows:
Section 1. The Council hereby approves the issuance of the Bonds by the Authority. It is the
purpose and intent of the Council that this Resolution constitute approval of the issuance of the Bonds by
the Authority, for the purposes of Section 147(f) of the Code by the applicable elected representative of
the governmental unit having jurisdiction over the area in which the Facilities are to be located, in
accordance with said Section 147(f).
Section 2. The officers of the City are hereby authorized and directed, j ointly and severally, to do
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any and all things .and to execute and deliver any and all documents which they deem necessary or
advisable in order to carry out, give effect to and comply with the terms and intent of this Resolution and
the fmancing transaction approved hereby.
Section 3. This Resolution shall take effect immediately upon its adoption.
I HEREBY CERTIFY that the foregoing Resolution was introduced, read, and adopted at a regular
meeting of the City Council of the City of Redding on the 7th day offiecember, 2004, by the following
vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MENffiERS:
COUNCJlL MEMBERS:
COUNCJIL MEMBERS:
COUNCIL MEl\ffiERS:
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Attest: .....,., ,.JJr r, )J1"'." yo
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CONNIE STROHMA~' " .it Clerk
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Cibula, Dickerson, Kight, Murray, and Mathena
None
None
None
R. MATHENA, Mayor
Form Approved:
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, Interim City Attorney
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