HomeMy WebLinkAboutPublic Facilities Corporation - 77-17 ��PLN PUB(�C�'
�� Huntington Beach Public Facilities Corporation
C7 INCORPORATED m 17371 Gothard Street
2 y
i NOVEMBER 27.1970 Huntington Beach, California 92647
's' awn RESOLUTION NO. 77-17
CA(IF004%
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO REIMBURSE THE CITY OF
HUN'T'INGTON BEACH FOR RENT PREVIOUSLY PAID FOR
THE CIVIC CENTER COMPLEX
WHEREAS the Citv of Huntington Beach has fulfilled a prior commitment
to the State and Federal Governments by reimbursing the Huntington
Beach Public Facilities Corporation for the full construction costs
of the Emergency Operating Center within the Civic Center Complex; AND
,1HEREAS there exists surplus funds in the Bond Redemption Fund established
by the Indenture or Mortgage and Deed of Trust, dated January 15, 1972 ,
between the Huntington Beach Public Facilities Corporation and Bank of
America National Trust and Savings Association; AND
WHEREAS Section 504 of the Indenture of Mortgage and Deed of Trust
provides that the Trustee may consider certain balances in the Bond Red-
emption Fund to be surplus and under direction may reimburse the City for
rent previously paid to the Corporation;
NOW, THEREFORE, the Board of Directors of the Huntington Beach Public
Facilities Corporation does hereby resolve that the Trustee be requested
and directed to consider $84 ,583 . 82 of the Bond Redemption Fund to be
surplus and to effect reimbursement to the City of Huntington Beach for
rent previously paid for the Civic Center Complex in a manner scheduled
to be prorated over the term of the sublease or earlier discharge of the
bonded indenture. Commencing in August of 1978 , upon receipt of an invoice
from the City of Huntington Beach; the trustee shall prepare a check payable
to the City of Huntington Beach in the amount of $4 , 027 . 80 each year for
twenty years; and shall prepare a check for $4 ,027 . 82 in August of 1998,
unless the bonded indenture be discharged prior to any of the above due
dates.
Passed and adopted at the Regular Adjourned Meeting of the Board of Dir-
ectors on April 27 , 1977.
APPROVED:
7ATE
L. S , President ec eta ' .r
Teasur r
D: ATTEST:
1977
Donald W. Kiser
Assistant Secretary H.B.P .F.C.
N PUBS/c�9c ,
Huntington Beach Public Facilities Corporation
L7 INCORPORATED �, 17371 Gothard Street
Z NOVEMBER 27.1970 ti Huntington Beach, California 92647
ao
RESOLUTION NO. 77-17
�ALIFOR��P
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE HUNTINGTON BEACH PUBLIC FACILI-
TIES CORPORATION DIRECTING THE TRUSTEE
TO REIMBURSE THE CITY OF HUNTINGTON
BEACH FOR RENT PREVIOUSLY PAID FOR THE
CIVIC CENTER COMPLEX
WHEREAS the City of Huntington Beach has fulfilled a prior commit-
ment to the State and Federal Governments by reimbursing the Hunt-
ington Beach Public Facilities Corporation for the full construction
costs of the Emergency Operating Center within the Civic Center Com-
plex; AND
WHEREAS there exists surplus funds in the Bond Redemption Fund estab-
lished by the Indenture of Mortgage and Deed of Trust, dated January
15 , 1972, between the Huntington Beach Public Facilities Corporation
and Bank of America National Trust and Savings Association; AND
WHEREAS Section 504 of the Indenture of Mortgage and Deed of Trust
provides that the Trustee may consider certain balances in the Bond
Redemption Fund to be surplus and under direction may reimburse the
City for rent previously paid to the Corporation;
NOW, THEREFORE, the Board of Directors of the Huntington Beach Public
Facilities Corporation does hereby resolve that the Trustee be request-
ed and directed to consider $84 , 583. 82 of the Bond Redemption Fund to
✓ be surplus and to prepare a check in this amount, payable to the City
of Huntington Beach as a reimbursement of rent previously paid for the
Civic Center Complex.
Passed and adopted at the Regular Adjourned Meeting of the Board of
Directors on April 27, 1977.
APPROVED:
Jerry L. Sapp, President Secretary/Treasurer
DATED: ATTEST:
1977
Donald W. Kiser,
Assistant Secretary - H.B.P.F.C.
��PLH PUBLIC
Huntington Beach Public Facilities Corporation
INCORPORATED fT1 17371 Gothard Street
NOV6Me[R 27•I970 Huntington Beach, California 92647
YZ ��
CAL IF 000'
RESOLUTION NO. 77-17
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE HUNTINGTON BEACH PUBLIC FACILI-
TIES CORPORATION DIRECTING THE TRUSTEE
TO REIMBURSE THE CITY OF HUNTINGTON
BEACH FOR RENT PREVIOUSLY PAID FOR THE
CIVIC CENTER COMPLEX
WHEREAS the City of Huntington Beach has fulfilled a prior commit-
ment to the State and Federal Governments by reimbursing the Hunt-
ington Beach Public Facilities Corporation for the full construction
costs of the Emergency Operating Center within' the Civic Center Com-
plex; AND
WHEREAS there exists surplus funds. in the Bond Redemption Fund estab-
lished by the Indenture of Mortgage and Deed of Trust, dated January
15, 1972, between the Huntington Beach Public Facilities Corporation
and Bank of America National Trust and Savings Association., AND
WHEREAS Section 504 of the Indenture of Mortgage and Deed of Trust
provides that the Trustee may consider ceftain balances in the Bond
Redemption Fund to be surplus and under direction .may reimburse the
City for rent previously paid to the Corporation; .
NOW, THEREFORE, the Board of Directors of the Huntington Beach Public
Facilities Corporation does hereby resolve that the Trustee be request-
ed and directed to consider $84 ,583. 82 of the Bond Redemption Fund to
be surplus and to prepare a check in this amount, payable to the City
of Huntington Beach as a reimbursement of rent previously paid for the
Civic Center Complex.
Passed and adopted, at the Regular Adjourned Meeting of the Board of
Directors on• April 27, 1977.
APPROVED: Cl
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i
L
Jerry, L. Sapp, President Secret y Treasurer
DATED: ATTEST:
1977
Donald W. Kiser,
Assistant Secretary - H.B.P.F.C.