HomeMy WebLinkAboutPublic Financing Authority - 81-1 �Q,a,N PUBLIC�9
o� Huntington Beach Public Facilities Corporation
INCORPORATED 17371 Gothard Street
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NOVEMB[R t7.1970 f" Huntington Beach, California 92647
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Zy ao RESOLUTION NO. 81-1
CAIIFORN�P 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. noti.fications 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 $150,000 of Civic Center
First' Issue fund surplus monies be utilized to purchase bonds during the
period from September 2, 1981 through December 31 1982 which may be
offered for sale at a price not to exceed 55% 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 September 2, 1981.
APPROVED:
J ry S pp, President � Mary El/ en Houseal , Secretary/Treasurer
BV William Wamhoff, Jr. , Vice President
DATED: ATTEST:
September 2, 1981 �
Donald W. Kiser,
Assistant Secretary - H.B.P.F.C.