HomeMy WebLinkAboutPublic Facilities Corporation - 77-22 ��PCN PUBLICA,gc
o� Huntington Beach Public Facilities Corporation
6..1' INCORPORATED �, 17371 Gothard Street
Z NOVEMBER 27.1970 cltl y Huntington Beach, California 92647
Zy a� RESOLUTION NO. 77-22
CA�IFOAN�P 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 CENTRAL LIBRARY, SECOND ISSUE BONDS
WHEREAS. the City of Huntington Beach has fulfilled a com-
mitment to the Huntington Beach Public Facilities Corporation made
in an Agreement dated the �.a + day of 'S _ 1977 between
the City of Huntington Beach and the Huntington Beach Public Facili-
ties Corporation for costs, determined to be ineligible, paid by the
CORPORATION during construction of the Central Library; AND
WHEREAS there exists surplus funds in the Bond Redemption
Dund established by the Indenture of Mortgage and Deed of Trust, dated
September 1, 1972, between the Huntington Beach Public Facilities Corp-
oration 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
requested and directed to consider $2,800 .00 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
Central Library.
PASSED AND ADOPTED at the Regular Adjourned Meeting of the Board of Di-
rectors on May 25, 1977.
APPROVED AS TO FORM:
l
Clay on rker, Attorney
APPROVED:
r
erry Sapp, Peaident Mary Elleffi Houseal, ec./Treasurer
ATED: ATTEST:
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'�e,
O If 7 7 yQis*� Al, ez
60 Donald W. Kiser,
Assistant Secretary, HBPFC