HomeMy WebLinkAboutPublic Facilities Corporation - 80-02doe fro ie cF-.0 -1 01- '34 -3
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Huntington Beach Public Facilities Corporation
17371 Gothard Street
Huntington Beach, California 92647
RESOLUTION NO. 80-2
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO PURCHASE CIVIC CENTER
FIRST ISSUE BONDS
WHEREAS, there are periodic notifications to the City of Huntington
Beach of bonds available for purchase from bond holders offering to
sell at various prices; and
WHEREAS, the Directors consider it to be advantageous to the public
if available funds are utilized to purchase bonds at favorable rates;
and
WHEREAS, the City of Huntington Beach has funds to effect the timely
payment necessary for purchase and has agreed to resell to the
Corporation;
NOW, THEREFORE, the Board of Directors of the Huntington Beach Public
Facilities Corporation does hereby resolve that $ of Civic Center
First Issue fund surplus monies be utilized to purchase bonds during the
period from February 6, 1980 through December 31, 1980 which may be
offered for sale at a price not to exceed 85% of face value; and does
resolve that the City of Huntington Beach is authorized to purchase
bonds with intent to resell to the Corporation, and the Trustee is
directed to purchase such bonds and effect cancellation.
Passed and adopted at the Regular Adjourned Meeting of the Board of
Directors on February 6, 1980.
APPROVED:
D.L. Nowlin, President Secretary/Treasurer
DATED: ATTEST:
Donald W. Kiser,
Assistant Secretary -H.B.P.F.C.