HomeMy WebLinkAboutPublic Facilities Corporation - 77-21 �PLN PUBLIC,c ;.
o� qc',, Huntington Beach Public Facilities Corporation
Cz INCORPORATED �, 17371 Gothard Street
Z NOVEMBER 27.,970 CIO Huntington Beach, California 92647
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RESOLUTION NO. 77-21
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A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO REIMBURSE THE CITY OF
HUNTINGTON BEACH FOR RENT PREVIOUSLY PAID FOR
THE CIVIC CENTER COMPLEX, FIRST ISSUE BONDS
WHEREAS the City of Huntington Beach has fulfilled a
commitment to the Huntington Beach Public Facilities Corporation
made in an Agreement dated the ��„day of �`L„�g ,1977 be-
tween the City of Huntington Beach and the Huntington Beach Public
Facilities Corporation, said commitment being to reimburse the Corp-
oration for construction costs paid by the Corporation for work and
equipment not totally performed or installed on the Civic Center site;
AND
WHEREAS there exists surplus funds in the Bond Redemption
Fund established 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 re-
quested and directed to consider $180 , 880 of the Bond Redemption Fund to
be surplus and to prepare a check in this amount, payable to the City of
Huntington Beach as a reimbursement of rent previously paid for the Civic
Center Complex.
PASSED AND ADOPTED at the Regular Adjourned Meeting of the Board of Di-
rectors on May 25, 1977.
APPROVED AS TO FORM:
C ayt n Parker, Attorney
APPROVED:
J r Sapp, r dent Mary Ell$h Houseal, Sec./Treasurer
ATED: ATTEST:
jt� �� l f 7 7 Donald W. Kiser, Asst.Secretary