My WebLink
|
Help
|
About
|
Sign Out
RES 211234
City of Pleasanton
>
CITY CLERK
>
RESOLUTIONS
>
2020-present
>
2021
>
RES 211234
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/19/2021 11:19:53 AM
Creation date
7/22/2021 11:57:17 AM
Metadata
Fields
Template:
CITY CLERK
NOTES
SEWER REVENUE BOND
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
4
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Resolution No. 21-1234 <br /> Page 3 of 4 <br /> Government Code (the "Refunding Bond Law"), and an Indenture of Trust between U.S. Bank <br /> National Association, as trustee, and LAVWMA (the "2021 Indenture"); and <br /> WHEREAS, in order to accomplish the refunding of the 2011 Bonds, it will be necessary <br /> for LAVWMA to enter into an Escrow Deposit and Trust Agreement, between LAVWMA and U.S. <br /> Bank National Association, acting as escrow bank (the "Escrow Deposit and Trust Agreement"); <br /> and <br /> WHEREAS, LAVWMA and the Members have determined it is necessary to amend and <br /> restate the 2011 Sewer Service Contract in connection with the sale and delivery of the 2021 <br /> Bonds pursuant to that certain Second Amended and Restated Sewer Service Contract, among <br /> LAVWMA and the Members (the "2021 Sewer Service Contract"); and <br /> WHEREAS, the Members and LAVWMA have engaged Jones Hall, A Professional Law <br /> Corporation, acting as disclosure counsel to LAVWMA, to prepare a Preliminary Official <br /> Statement (the "Preliminary Official Statement"), which describes the 2021 Bonds (including <br /> specifically the security therefor), and the finances and wastewater collection, treatment, and <br /> disposal facilities of each of the Members and LAVWMA; and <br /> WHEREAS, in order to facilitate compliance with requirements of the Securities and <br /> Exchange Commission by Stifel, Nicolaus & Company, Incorporated, as underwriter (the <br /> "Underwriter") of the 2021 Bonds, and to facilitate dissemination of certain information concerning <br /> LAVWMA and the Members, LAVWMA and each Member is entering into a Continuing Disclosure <br /> Certificate (each, a "Continuing Disclosure Certificate"); and <br /> WHEREAS, pursuant to Government Code Section 5852.1, certain information relating to <br /> the 2021 Bonds is set forth in Exhibit A attached to this Resolution, and such information is hereby <br /> disclosed and made public; and <br /> WHEREAS, the City Council wishes at this time to authorize all proceedings relating to <br /> the City's participation in the refinancing of the 2011 Bonds through the issuance of the 2021 <br /> Bonds and the City's proportionate responsibility for the security therefor (which is estimated to <br /> be approximately 33.27 percent of the debt service on the 2021 Bonds); <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> Section 1. Approval of 2021 Bonds. The City Council hereby approves the issuance by <br /> LAVWMA of the 2021 Bonds. <br /> Section 2. Approval of 2021 Sewer Service Contract. The City Council hereby <br /> approves the 2021 Sewer Service Contract, in substantially the form on file with the City Clerk, <br /> together with any changes therein or additions thereto deemed advisable by the Mayor, the Vice <br /> Mayor, the City Manager or the Finance Director(each, an "Authorized Officer"), whose execution <br /> thereof shall be conclusive evidence of the approval of any such additions and changes. The City <br /> Council hereby authorizes and directs an Authorized Officer to execute, and the City Clerk to <br /> attest and affix the seal of the City to, said form of the 2021 Sewer Service Contract for and in the <br /> name of the City. The City Council hereby authorizes the delivery and performance of the 2021 <br /> Sewer Service Contract by the City. The 2021 Sewer Service Contract provides that the total <br /> amount of payments to be made by all of the Members will be sufficient to pay debt service on <br /> the 2021 Bonds. <br />
The URL can be used to link to this page
Your browser does not support the video tag.