HomeMy WebLinkAboutReso 2013-083 - Acquisition Agreement
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RESOLUTION NO. 2013-083
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING APPROVING ADDITIONS TO AN ACQUISITION
AGREEMENT AND A FACILITIES LEASE; APPROVING THE
RELEASE OF PROPERTY FROM. SUCH FACILITIES LEASE;
AND AUTHORIZING EXECUTION OF DOCUMENTS AND THE
TAKING OF ALL NECESSARY ACTIONS RELATING THERETO
WHEREAS, the City of Redding (the "City") and the Housing Authority of the
City of Redding (the "Housing Authority") have heretofore executed a joint exercise of powers
agreement, dated December 6, 1988, and thereafter amended (the "Joint Powers Agreement"), by
and between the City and the Housing Authority, which Joint Powers Agreement creates and
establishes the Redding Joint Powers Financing Authority (the "Authority"); and
WHEREAS, pursuant to Article 4 of Chapter 5 of Division 7 of Title 1 of the
Government Code of the State of California, the Authority is authorized to issue bonds for
financing or refinancing public capital improvements whenever there are significant public
benefits to be realized; and
WHEREAS, the City has determined that it is desirable and furthers the public
purpose to finance the design, acquisition, construction and improvement of a new police facility
on City owned property adjacent to City Hall and related site improvements (the "Project"); and
WHEREAS, the City has, by Resolution No. 2013-072, adopted on August 6,
2013, approved the Authority's issuance of Redding Joint Powers Financing Authority Lease
Revenue Bonds (2013 Capital Projects), 2013 Series Band 2013 Series C (Taxable) for the
purpose of, among other things, financing the Project; and
WHEREAS, in order to finance the Project, the City has approved the entering
into an Acquisition Agreement (the "Acquisition Agreement") with the Authority and a Facilities
Lease (the "Facilities Lease") with the Authority; and
WHEREAS, the properties included in the Acquisition Agreement and the
Facilities Lease are the existing Redding Police Building, the "Shascom" Building and the
Redding Aquatic Center; and
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WHEREAS, the City has determined that it is desirable to include in the
Acquisition Agreement and the Facilities Lease the real property on which the Project will be
constructed and to provide for the release from the Facilities Lease the existing Redding Police
Building upon the completion of the Project and the commencement of the City's use of the
Project;
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NOW THEREFORE, the City Council of the City of Redding hereby finds,
determines, declares and resolves as follows:
Section. I. All of the recitals set forth above are true and correct, and the City
Council so finds and determines.
OHSUSA:754372615.1
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Section 2. The City Council hereby approves the inclusion in the Acquisition
Agreement and the Facilities Lease ofthe real property on which the Project will be constructed.
Section 3. The City Council hereby approves the release from the Facilities
Lease of the existing Redding Police Building upon the completion of the Project and the
commencement of the City's use of the Project.
Section 4. The officers and City Council members of the City are hereby
authorized and directed, jointly and severally, to do any and all things and to execute and deliver
any and all documents and certificates which they deem necessary or advisable in order to
consummate the execution and delivery of the documents mentioned herein and otherwise to
effectuate the purposes of this Resolution and the transactions contemplated hereby.
Section 5.
This Resolution shall take effect from and after its adoption and
approval.
I hereby certify that the foregoing is a full, true and correct copy of a resolution
duly passed and adopted by the City Council of the City of Redding at a regular meeting thereof
held on the 3rd day of September, 2013, by the following vote of the members thereof:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Cadd, McArthur, Sullivan, & Bosetti
Jones
None
None
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RICK BOSETTI, Mayor
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ATTEST: ' ;
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FORM APPROVAL:
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OHSUSA:754372615.1
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CERTIFICATE OF THE CITY CLERK' .
I, PAMELA MIZE, City Clerk of the City ofReddi1J.g (the "City"), hereby certify'
. that the foregoing Resolution No. 2013;.083, is a ful1~ true, and correc(copy,ora resolution duly'
adopted at a regularmeetilig of the City CoUncil of the City duly held in Redding, California, on
. September3; 2013, ofwmch meeting all of the members of sai4 City Council ha~ due notice.
. . .
. I further certify that Ihavecaiefu1ly compared the foregoing copy with the.
original minutes of said meeting on file and of record in my office; that said copy is a fiP.I,true,
and coqect cqpy' of the original resolution adopted at said meeting aildentered irito said minutes,
alid that said resolution has . not been aillended, modifi~d, rescmded, or revoked in any manner
since the ~te.of its adol'tion, and the. same is now in full force and effect. . .
. An agenda ofsmd meeting was posted at least 72'houfS before the meetitig at 777
CyPress Avenue, Redding,.Califorpia 96001-3396, a location freely accessible. to members. of the
. public, and a brief general description of said resolution appeared on said agenda. .
Dated: October 2,2013.
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City Clerk oftli City of'~g
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