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411 qc�� Huntington Beach Public Facilities Corporation
6..1' INCORPORATED 17371 Gothard Street
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i NOVEMBER 27,1970 Huntington Beach, California 92647
y .�a� RESOLUTION NO. 73-1
CAC IF ORO"
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION
DIRECTING THE TRUSTEE TO TRANSFER AN AMOUNT OF
MONEY FROM THE CONSTRUCTION FUND OF THE FIRST
ISSUE LEASEHOLD MORTGAGE BONDS.
WHEREAS the construction of two phases of the Civic Center have
been completed, and funds will be retained in a sufficient amount to
provide for payment of remaining costs; and
WHEREAS there exists a remainder in the Construction 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 the Board of Directors consider the remainder to be in
excess of projected needs for payment of remaining construction costs,
or for changes, alterations, or additions to the Project; and
WHEREAS Section 406 of the Indenture of Mortgage and Deed of Trust
provides for optional dispositions of these funds by the Board of
Directors of 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 transfer $155 , 000 from the Construction Fund
of the First Issue Leasehold Mortgage Bond Funds into the Bond Redemption
Fund for the purpose of effecting the requirements of Resolutions #77-23
and #77-24.
PASSED AND ADOPTED at the Regular Adjourned Meeting of the Board of
Directors on January 25 , 1978 .
APPROVED AS TO FORM:
APPROVED:
Jerry L. Sapp, President Mar en Houseal
Secretary/Treasurer
DATED: ATTEST:
Donald W. Kiser, Asst. Secretary