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HomeMy WebLinkAboutLetter of Agreement - O'Melveny & Myers - Civic Improvement � 7292057 ?_ 9 � 3 Q0 i 1�. k.!' '- ACC SECRETARY OF STATE ° = ` I, BILL JONES, Secretary of State of the State of California, hereby certify: That the attached transcript has been compared with the record on file in this office, of which it purports to be a copy, and that it is full, true and correct.- IN WITNESS WHEREOF, I execute this certificate and affix the Great Seal of the State of California this i JUL 0 pL OF T rc 9 Z O LU l cgCIFORN�P Secretary of State FRUf lT FORM CI-107(REV.4/971 97 3501 DO D72962 i7 G F J1 1..1 1 Im CERTIFICATE OF ELECTION T A;Z Y TO WIND UP AND DISSOLVE The undersigned certify that: 1. They are the President and Secretary, respectively, of the HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION, a corporation organized pursuant to the general Nonprofit Corporation Law of the State of California (HBPFC). 2. HBPFC has elected to wind up and dissolve. 3. The Directors of HBPFC are the only members of HBPFC. The election to wind up and dissolve was made by the Board of Directors of HBPFC together with the vote of a majority of the members voting on the election to wind up and dissolve. We further declare, under penalty of perjury under the laws of the State of California that the matters set forth in this Certificate are true and correct of our own knowledge. Dated: BUCK L. PERKINS, President Huntington Beach Public Facilities Corporation DAVID J. IL ON, Secretary Huntington each Public Facilities Corporation ' OCF 4-IM -JA f 44, 40062/27827 Or 005329 CERTIFICATE OF DISSOLUTION Or The undersigned certify that: 5 1. They constitute a majority of the Directors now in office of the HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION, a corporation organized pursuant to the general Nonprofit Corporation Law of the State of California (HBPFC). 2. HBPFC has been completely wound up. 3. HBPFC's known debts and liabilities have been adequately provided for by their assumption by the City of Huntington Beach, 2000 Main Street, Huntington Beach, California. 4. The known assets of HBPFC have been distributed to the City of Huntington Beach, a municipal corporation, being the person entitled thereto. 5. HBPFC is dissolved. We further declare under penalty of perjury under the laws of the State of California that the matters set forth in this Certificate are true and correct of our own knowledge. Dated: �2�-� BUCK L. PERKINS, Director Huntington Beach Public Facilities Corporation DAVID J. ON, Director Huntington Beach Public Facilities Corporation ME LE R. MC CORMICK, Director Huntington Beach Public Facilities Corporation 40064/27827 STATE OF CALIFORNIA TAX CLEARANCE FRANCHISE TAX BOARD PO BOX 1286 CERTIFICATE RANCHO CORDOVA CA 95741- 1286 February 5 , 1998 EXPIRATION DATE : July 15 , 1998 `BOWIE , ARNESON , KADI , WILES 8 GIANNONE JOAN C . ARNESON 4920 CAMPUS DRIVE NEWPORT BEACH CA 92660 ISSUED TO : HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION Entity ID 0612329 This letter certifies that all taxes imposed on this corporation under the Bank and Corporation Tax Law have been paid or are secured by bond deposit or other security . A copy of this Tax Clearance Certificate has been sent to the Office of the Secretary of State . This original Tax Clearance Certificate may be retained in the files of the corporation . By the Expiration Date noted above , this corporation must have filed the documents required by the Secretary of State to dissolve , withdraw or merge . Requests for the appropriate documents must be directed to : Office of the Secretary of State at 1500 11th Street , Sacramento , CA 95814 . The telephone number is ( 916 ) 657-5448 . NOTE : If the required documents are not filed with the Secretary of State prior to the Expiration Date noted above , the corporation will remain subject to the filing requirements of the Bank and Corporation Tax Law. FRANCHISE TAX BOARD A copy of this letter has been sent to the Registry of Charitable Trusts . BY J . LUCAS Exempt Organization Unit Corporation Audit Section Telephone ( 916) 845-4767 OFFICp cc : HUNTINGTON BEACH PUBLIC FACILI OF S-`►- ' ::,, ��►ljpn,`ice. EURCKW lit herebyI FOR DEPARTMENT OF STATE It is certified: annexedThat the transcriptbeen • • e• with the REcom on file in my office, of which it purports t• be a copy, and that the same is full, true and correct. H. P. Sullivan, Secretary of State Deputy Secretary of State---- 4Y 612 1329 R S E D ARTICLES OF INCORPORATION NOV 2 019/0 OF HUNTINGTON BEACH 1-1• P. SULLIVAN, S^cretary of Stage PUBLIC FACILITIES CORPORATION ey C. CSCAR JOHNsc� Ceputy I . The name of this corporation is : HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION II . The purposes for which this corporation is formed are: 1. The specific and primary purpose for which this corporation is formed is to render assistance to the City of Huntington Beach by con- structing or providing for the construction of public buildings and structures including without limitation, a city hall and library building and to provide parking facilities for motor vehicles in connection therewith, together with structures and related facilities for the use, benefit and enjoyment of the public, including ways of ingress and egress and such other facilities and improve- ments as are necessary or convenient for or incidental to their use on a site or sites located in the City of Huntington Beach. 2 . In order to carry out said purpose, this corporation shall have the following powers : (a) to incur indebtedness and in connection therewith to issue bonds , debentures, notes or other evidences of indebtedness ; (b) to lease by. any lawful means any real property owned by the City of Huntington Beach and available for such public purposes , to construct or provide for the construction of said buildings , structures and .facilities thereon, and to lease such real property as improved back to the City of Huntington Beach. (c) to assign, transfer, mortgage, convey in trust, pledge and hypothecate the leasehold estate created by any such lease and the rentals payable to this corporation under any such lease back as security for any such bonds, debentures, notes or other evidences of indebtedness ; (d) to construct said buildings, structures and facilities or to contract with others for the construction of all or portions thereof; and (e) to exercise any and all rights and powers which a corporation organized under the General Nonprofit Corporation Law of the State of California may now or hereafter exercise. III . This corporation is organized by a group of public spirited citizens for the sole purpose of constructing or providing for the construction of said buildings, structures and facilities as a civic venture for and on behalf of the City of Huntington Beach. This corporation shall never engage in any business or activity other than that necessary or convenient for or incidental to the carrying out of the purpose set forth in para- graph 1 of Article II hereof. IV. This corporation is organized pursuant 2 . to the General Nonprofit Corporation Law of the State of California. This corporation is not organized for profit and no part of the net earnings , if any, of this corporation, either during its existence or upon its dissolution, shall ever inure to the benefit of any private shareholder or in- dividual, or any director, officer or member thereof and the property of this corporation is irrevocably dedicated to charitable purposes . No substantial part of the activities of this corporation shall consist of carrying on propaganda, or otherwise attempting to influence legislation, nor shall it participate in, or intervene in (including the publishing or distributing of statements) any political campaign on behalf of any candidate for public office. The property, assets, profits and net revenues of this corporation are irrevocably dedicated to the City of Huntington Beach; pro- . vided, however, that until all indebtedness of this corporation shall have been paid, such net revenues may be used for the purpose of paying or calling for redemption any bonds , debentures , notes or other evidences of such indebtedness. Upon the dissolution, liquidation or winding up of this corporation, or upon abandonment, the assets of this corporation remaining after payment of or provision for all debts or liabilities of this corporation shall be distributed to the City of Huntington Beach. V. The principal office for the transaction of the business of this corporation is located in the County of Orange. VI. The number of directors of this corporation may be fixed by the By-Laws. The persons who are directors of this corpo- ration from time to time shall be its only members , and upon ceasing to be a director of this corporation any such person shall cease to be a member thereof . 3 . The members and directors of this corporation shall have no liability for dues or assessments. VII. The names and addresses of the persons who are to act in the capacity of directors of this corporation until the selection of their successors are as follows : Name Address Donald R. Hodgman 611 West Sixth Street Los Angeles, California 90017 Stephen J. Stern 611 West Sixth Street Los Angeles, California 90017 Fredric P. Sutherland 611 West Sixth Street Los Angeles , California 90017 IN WITNESS WHEREOF,: for the purposes of forming this corporation under the laws of the State of California, we, the undersigned, con- stituting the incorporators of this corporation and the persons named herein as the first directors of this corporation, have executed these Article of Incorporation day of 1970. D n R. Hodg an . en ern re ric �P. SutherWand7 4. STATE OF CALIFORNIA ) SS. COUNTY OF LOG ANrrLTG ) On this day of 1070 , before me, the undersigned, a Notary Public of California, personally appeared DONALD R. HODMIAN , STEPHEN J. STERN and FREDRIC P. SUTHERLAND, known to me to be the persons whose names are subscribed to the foregoing Articles of Incorporation and acknow- ledged to me that they executed the same. WITNESS my hand and. official seal. eaaeeaceaaaoauoaaaaaaeaaeenonnnanaeooeoeaaanoaeeaaaeaooeaQao OFFICIAL SEAL; is ~z� GERTRUDE M. BRADLEY y �l y NOTARY PUBLIC•CALIFORNIA B DE M. BRADLE m t �^+S'•^"�n PRINCIPAL OFFICEFICE I GERTRiJ N LOS ANGELES COUNTY Notary Public of California My Commission Expires Jan. 20, 1973 �eeoaaeaeaaacaaaaaaaeaanaaaaaaaaaaanacaonaaaeaaaeaaaaaaoaa� (S E A L) I 5 . BYLAWS OF HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION ARTICLE I . Principal Office Section 1. Principal Office. The principal office of the Corporation is hereby fixed and located at Huntington Beach, California. The Board of Directors is hereby granted full power and authority to change said principal office from one location to another in the County of Orange . Any such change shall be noted by the secretary opposite this section, but shall not be considered an amendment of these Bylaws. ARTICLE II . Members Section 1. Classification of Members . There shall be but one class of members of the Corporation, and the rights, powers and privileges of all members shall be equal . Section 2 . Qualification of Members; Termination of Membership. The persons who are directors of this Corporation from time-to-time shall be the only members of the Corporation , and upon ceasing to be a director of this Corporation such person shall also cease to be a member. Section 3 . Meetings of Members. Annual meetings of the members shall be held at o 'clock .M. on the of of each year at the principal office of the Corporation or at such other place within the County of Orange as may be designated by the directors; provided, however, that should said day fall upon a legal holiday, then any such annual meeting of members shall be held at the same time and place on the next day thereafter ensuing which is not a legal holiday. Special meetings of the members may be called and held at such times and at such places within the County of Orange as may be ordered by the president, or by any vice president, or by the directors , or by members holding not less than two-fifths of the voting power of members . Notice of all meetings of members shall be given by the 2 , secretary to each member not less than two days before such meeting by mailing a copy of such notice to the address of such members as it appears on the books of the Corporation. Such notices shall specify the place, the day and the hour of such meeting, and such other matters, if any, as may be required by law. Section 4 . Quorum. The presence in person or by proxy of a majority of the members of the Corporation shall constitute a quorum for the transaction of business at any meeting of members. Section 5. Adjourned Meetings and Notices Thereof. Any members ' meeting, annual or special, whether or not a quorum is present, may be adjourned from time-to-time by the vote of the members present in person or represented by proxy at such meeting , entitled to exercise a majority of the voting power represented thereat; but in the absence of a quorum no other business may be transacted at such meeting. When any members ' meeting, either annual or special is adjourned for thirty (30) days or more, notice of the adjourned meeting shall be given as in the case of an original meeting. Save as aforesaid, it shall not be necessary to give any notice 3 . of an adjournment or of the business to be transacted at an adjourned meeting other than by announcement at the meeting at which such adjournment is taken. Section 6. Voting. The voting rights of the members of this Corporation shall be equal . In the election of directors each member shall be entitled to cumulate his votes as set forth in Section 3 of Article II of these Bylaws. Section 7 . Property Rights . The members of this Corporation shall have no property rights in the assets of this Corporation , upon dissolution or otherwise. Section 8 . Action Without Meeting. Any action which, under any provision of the California General Nonprofit Corporation Law, may be taken at a meeting of the members , may be taken without a meeting if authorized by a writing signed by all of the persons who would be entitled to vote upon such action at a meeting, and filed with the secretary of the Corporation. ARTICLE III . Directors Section 1 . Powers . Subject to limitation of a . the Articles of Incorporation, of the Bylaws , and of the California General Nonprofit Corporation Law as to action to be authorized or approved by the members , and subject to the duties of directors as prescribed by the Bylaws, all powers of the Corporation shall be exercised by or under the authority of, and the business and affairs of the Corporation shall be controlled by, the Board of Directors. Without prejudice to such general powers, but subject to the same limitations , it is hereby expressly declared that the directors shall have the following powers, to wit: First -- To select and remove all the other officers , agents and employees of the Corporation, prescribe such powers and duties for them as may not be inconsistent with law or the Articles of Incorporation or the Bylaws , fix their compensation and require from them security for faithful service. Second -- To conduct, manage and control the affairs and business of the , Corporation, and to make such rules and regulations therefor not inconsistent with law or the 5 P Articles of Incorporation or the Bylaws, as they may deem best. .Third -- To borrow money and incur indebtedness for the purposes of the Corporation , and to cause to be executed and delivered therefor, in the name of the Corporation, promissory notes , bonds , debentures , deeds of trust, mortgages, pledges, hypothecations or other evidences of debt and securities therefor. Fourth -- To appoint an Executive Committee and other committees , and to delegate to the Executive Committee any of the power and authority of the Board of Directors in the management of the business and affairs of the Corporation, except the power to adopt, amend , or repeal Bylaws . Section 2. Number and Qualification of Directors. The authorized number of directors shall be three (3) , until changed by amendment of these Bylaws duly adopted by the members amending this Section. 6. , . Section 3. Election and Term of office. The directors shall be elected at each annual meeting of the members ; provided (1) if any such annual meeting is not held or directors are not elected thereat, the directors may be elected at any special meeting of the members held for that purpose, and (2) if the authorized number of directors is increased by an amendment to Section 2 of this Article, additional directors shall be elected by the members at a special meeting held at the time of, or as soon as possible following , such amendment. Directors shall hold office until their respective successors are elected. Election of directors shall be by ballot if so demanded by any member at any election before the voting begins; otherwise,, the election may be by voice vote. Every member shall have the right to cumulate his votes at an election of directors and to give one candidate a number of votes equal to the number of directors to be elected multiplied by the number of votes which he is entitled to cast, or to distribute his votes on the same principle among as many candidates as he shall think fit. The candidates receiving the highest number of votes up to the number of directors to be elected shall 7 . be elected. Section 4 . Vacancies . Any vacancy in the Board of Directors caused by the death or resignation of any director, or in any other manner, may be filled by a majority of the remaining directors or by a sole remaining director. If the Board of Directors accepts the resignation of a director tendered to take effect at a future time, the Board shall have power to elect a successor to take office when the resignation is to become effective. Section 5. Organization Meeting. Immediately following each annual meeting of members the Board of Directors shall hold a regular meeting for the purpose of organization, election of officers , appointment of committees and the transaction of other business. Notice of such meetings is hereby dispensed with. Section 6. Other Regular Meetings. Other regular meetings of the Board of Directors shall be held without call at o 'clock .M. on the of or as otherwise provided by resolution; provided, however, should said day fall upon a legal holiday, then said meeting shall be held at the same 8 . I time on the next day thereafter ensuing which is not a legal holiday. Notice of all such regular meetings is hereby dispensed with. Section 7 . Special Meetings. Special meetings of the Board of Directors for any purpose or purposes may be called at any time by the president, by any vice president or by any two directors . Written notice of the time and place of special meetings shall be delivered personally to each director or sent to each director by mail or by other form of written communication, charges prepaid, addressed to him at his address as it is shown upon the records of the Corporation or, if it is not so shown on such records or is not readily ascertainable, at the place in which the meetings of the Board of Directors are regularly held. In case such notice is mailed or telegraphed, it shall be deposited in the United States mail or delivered to the telegraph company in the place in which the principal office of the Corporation is located at least forty-eight (48) hours prior to the time of the holding of the meeting . In case such notice is delivered as above provided, it shall be so delivered at least twenty-four (24) hours prior to the time of the holding of the meeting. Such 9 . mailing, telegraphing or delivery as above provided shall be due, legal and personal notice to such director. Section 8. Notice of Adjournment. Notice of the time and place of holding an adjourned meeting need not be given to absent directors if the time and place be fixed at the meeting adjourned. Section 9 . Waiver of Notice. The transactions of any meeting of the Board of Directors , however called and noticed or wherever held , shall be as valid as though had at a meeting duly held after regular call and notice, if a quorum be present and if, either before or after the meeting, each of the directors not present signs a written waiver of notice or a consent to holding such meeting or an approval of the minutes thereof. All such waivers, consents or approvals shall be filed with the corporate records or made a part of the minutes of the meeting. Section 10 . Quorum. A majority of the authorized number of directors or two directors, whichever number is greater, shall be necessary to constitute a quorum for the transaction of business . Every act or decision done or made by a majority of the directors 10 . present at a meeting duly held at which a quorum is present, shall be regarded as the act of the Board of Directors unless a greater number be required by law or by the Articles of Incorporation . Section 11 . Action Without Meeting. Any action required or permitted to be taken by the Board of Directors may be taken without a meeting if all members of the Board of Directors shall individually or collectively consent in writing to such action pursuant to Section 9503 .1 of the Corporations Code. ARTICLE IV. Officers Section 1 . Officers. The officers of the Corporation, who may also be directors , shall be a president, a vice president, a secretary and a treasurer. The Corporation may also have, at the discretion of the Board of Directors , one or more additional vice presidents, one or more assistant secretaries , one or more assistant treasurers , and such other officers as may be appointed by the Board of Directors. One person may hold two or more offices , except those of president and 11 . r. secretary. Section 2 . Election. The officers shall be chosen annually by the Board of Directors and each shall hold his office until he shall resign, be removed, or otherwise disqualified to serve, or his successor shall be elected and qualified. Section 3. Removal and Resignation. Any officer may resign , or may be removed with or without cause by the Board of Directors at any time . Vacancies caused by death, resignation or removal of any officer may be filled by appointment by the Board of Directors , or by the president until such appointment by the Board of Directors. Section 4 . President. The president shall be the executive officer of the Corporation and, subject to the control of the Board of Directors , shall have general supervision, direction and control of the affairs of the Corporation. He shall preside at all meetings of members and meetings of the Board of Directors . Section 5. Vice President. In the absence or disability of the president, the vice presidents in 12 . -..:, .. order of their rank as fixed by the Board of Directors or, if not ranked, the vice president designated by the Board of Directors , shall perform all the duties of the president, and when so acting shall have all the powers of, and be subject to all the restrictions upon, the president. The vice presidents shall have such other powers and perform such other duties as from time-to- time may be prescribed for them respectively by the Board of Directors or the Bylaws . Section 6. Secretary. The secretary shall keep at the principal office of .the Corporation a book of minutes of all meetings of directors and members , with the time and place of holding, how called or authorized, the notice thereof given, the names of those present at directors ' meetings , the number of members present or represented at members ' meetings, and the proceedings thereof. Section 7 . Treasurer. The treasurer shall keep and maintain adequate and correct books of account showing the receipts and disbursements of the Corporation, and an account of its cash and other assets, if any. Such books of account shall at reasonable times be open 13. to inspection by any member or director. The treasurer shall deposit all monies of. the Corporation with such depositaries as are designated by the Board of Directors, ant] shall disburse the funds of the Corporation as may be ordered by the Board of Directors, and shall render to the president or the Board of Directors , upon request, statements of the financial condition of the Corporation. ARTICLE V. Miscellaneous Section 1. Execution of Documents. The Board of Directors may authorize any officer or officers, agent or agents , to enter into any contract or execute any instrument in the name of and on behalf of the Corporation and such authority may be general or confined to specific instances; and, unless so authorized by the Board of. Directors, no officer, agent or other person shall have any power or authority to bind the Corporation by any contract or engagement or to pledge its credit or to render it liable for any purpose or to any amount. Section 2 . Inspection of Bylaws. The Corporation 14 . shall keep in its principal office the original or a copy of these Bylaws, as amended or otherwise altered to .date, certified by the secretary, which shall be open to inspection by the members at all reasonable times during office hours . Section 3. Annual Report. The annual report referred to in Section 3006 of the Corporations Code of California is expressly dispensed with. Section 4 . Construction and Definitions . Unless the context otherwise requires , the general provisions, rules of construction and definitions contained in the California General Nonprofit Corporation Law shall govern the construction of these Bylaws . ARTICLE VI . Amendments Section 1. Powers of Members. New Bylaws may be adopted or these Bylaws may be amended or repealed by the vote of members entitled to exercise a majority of the voting power of the Corporation or by the written assent of such members , or by the vote of a majority of a quorum 15. at a meeting of members duly called for the purpose, except as otherwise provided by law or by the Articles of Incorporation. Section 2 . Power of Directors . Subject to the right of the members as provided in this Article to adopt, amend or repeal Bylaws , any Bylaw other than a Bylaw or amendment thereof changing the authorized number of directors may be adopted, amended or repealed by the Board of Directors . 16 . I/ 0020J JULY 27, 1989 PUBL/6, Huntington Beach Public Facilities Corporation Z INCORPORATED y 2000 Main Street • Post Office Box 190 • Huntington Beach, California 92648 NOVEMBER 27,1970 CAL IFORN�P DATA SHEET Meetings Held the Last i';ednesdav of the First Month of Each Quarter Central Library Facility, Balboa Room, 7771 Talbert Avenue Huntington Beach, California PRESIDENT: VICE PRESIDENT: SECRETARY/TREASURER: P;?r. Melvin J. Carpenter r:^r. Warren G. Hall Mrs. Lorraine Faber 6722 Gate Hill Circle 9381 Nantucket Drive 15271 Nottingham Lane Huntington Peach, Ca. 92648 IIuntington Beach, Ca. 92647 IIuntington Beach, Ca. 92647 Term: 03/30/86 - 07/27/90 Term: 10/18/87 - 07/28/92 Term: 11/27/85 - 07/27/90 (714) 960-1462 (Home) (714) 962-3976 (Home) (213) 431-7040 (Work) (213) 431-9440 (Work) (714) 897-3994 (Home) DIRECTORS: Mr. Thomas W. West Mr. Michael K. Tierney 6032 Manorfield Drive 10171 Halawa Drive Huntington Beach, Ca. 92648 Huntington Beach, Ca. 92646 Term: 02/12/86 - 07/28/92 Term: 11/30/88 - 07/27/91 (213) 985-9406 (Work) (714) 896-3329 (Work) (714) 848-5786 (;Nome) (714) 963-8778 (Nome) Mr. Floyd G. Belsito DJr. Peter deKay Dusinberre, Jr. 5382 Beck Circle 6942 Church Circle Huntington Beach, Ca. 92649 Huntington Peach, Ca. 92646 Term: 04/26/89 - 04/29/92 Term: 04/26/89 - 04/29/92 (714) 848-3735 (Work) (714) 960-6858 (Work) (714) 846-4747 (Home) (714) 960-4448 (Home) Seven Member Corporation CORPORATE ATTORNEY: TRUST OFFICER: Ms. Joan Arneson P.-'r. Neil Barr Bowie, Arneson, Kadi & Dixon Bank of America 4920 Campus Drive National Trust & Savings Assn. Newport Beach, Ca. 92660 555 South Flower Street (714) 8 51-13 00 Dept. 8510, 5th Floor Los Angeles, Ca. 90071 (213) 228-4146 STAFF LIAISONS: Pan T. Villella Shari Donoho Assistant Secretary, I PP.FC Pecording Secretary, III?PFC (714) 536-5228 (714) 536-5228 I- Ay�y1L REQUEST FOR CITY COUNCIL ACT N _ q G �� �t{/GCtL'�✓ Date August 7, 1989 Submitted to: Honorable Mayor and City Council Members APPROVED BY CITY COLTNCIL Submitted by: Paul E. Cook, City Administrators 8- ns C z � Prepared by: Dan T. Villella, Director of Finance J � 4 da- CITY vr.^ _ - Subject: Reappointment of Directors for the Public Facilities Co oration Board ; m rnYmrn 7� Consistent with Council Policy? [X] Yes [ ] New Policy or Exception r Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: Statement of Issue: At the regularly scheduled meeting of the Public Facilities Corporation Board of July 26, 1989, the Board unanimously approved the reappointment of Mr. Thomas West and Mr. Warren Hall. Mr. West's term expired as of the July 26, 1989 meeting. Mr. Hall's term (Mr. Hall assumed Mr. Joseph Garafalo's incompleted term) also expired at the aforementioned meeting. A decision by the City Council approving or disapproving the reappointment of these Directors is needed by September 5, 1989. No action by the City Council within 30 days of the notice of appointment will result in the individuals recommended for the Board of Directors of the PFC to be automatically approved. Recommendation: Approve or disapprove the reappointment of these gentlemen as recommended by the Public Facilities Board of Directors. Analysis: The PFC Board of Directors, in an action taken July 26, 1989, selected to reappoint Thomas West and Warren Hall to the City Council for consideration and approval. The City Council may take action to approve or disapprove the candidate. Under Article 5, Section 3, of the PFC By-laws, the City Council has the right to recommend candidates to the PFC Board of Directors for their consideration. Funding Source: No funds required. Attachment: 1. Staff's letter to the PFC Council Liaisons dated May 24, 1989. 2. Applications of Mr. Thomas West and Mr. Warren Hall. 4578j Plo 5185 FE CITY OF HUNTINGTON BEACH INTER-DEPARTMENT COMMUNICATION HUNTINGTON BEACH To COUNCIL LIAISONS From DAN T. VILLELLA TO THE PUBLIC FACILITIES CORP. Asst. Secretary, H.B.P.F.C. Subject PROPOSED REAPPOINTMENTS Date MAY 24, 1989 Councilman John Erskine Councilman Peter Green Councilman Don MacAllister At the next meeting of the Public Facilities Corporation, scheduled for July 26, 1989, the terms of Mr. Thomas West and Mr. Warren Hall will expire. Through a telephone vote conducted by the Board's Recording Secretary this date, it is the unanimous concensus that the Board will reappoint these gentlemen to another term at the aforementioned meeting. A Request for Council Action shall then be prepared for the meeting of August 21, 1989 for Council's approval/denial of these directors. If approved, Mr. West and Mr. Hall will both serve three year terms pursuant to the amended Bylaws of the Public Facilities Corporation. This information is submitted in advance of the action being taken for the your consideration of these gentlemen for another term. I have attached, for your review and convenience, copies of Mr. West's and Mr. Hall's applications. f y {: DAN T. VILLELLA Director of Finance DTV:skd Attachments S 3; 4571 j ` � B City of Huntington Beach k ' P.O. BOX 180 CALIFORNIA 82648 O} 1 ICI{ OF THE MAYOR APPLICATION FOR APPOINTMENT TO CITIZENS COMMITTEES BOARDS AND COMMISSIONS Date of Application: ficz '?,. /� �' Boards or Commissions Applied For: e��/� Name �UL/r�` ��� 4 ��-5 7 Birthdate First a last Month Day Year Residence Address &3 Z /7"�r'� &�� �^ Residence Telephone t/UJ 6C.Id-ei i Business Address /-6'n,5 13_4ear--<` Business Telephone P/3 How long a resident of Huntington Beach %`V i�1 t -�s 2- Occupation `/7�r��r� ��' �y� d%�j r�r SJ�cC tP a,,,l e✓S/ T� Educational Background d D ''�'"emu Gl�nr�trs r ry —ig�n — AI'4."fe'w R "D Membership or License in Professional or Technical /Associations- 5C,",-c a s '01;z / 1�14..71-cl- Gyl uuu N•���n /-acCcccfrc+YtcC� Ccy,t�ocrl�t� /��/Fcran��cc.�[c.c�i.�S 5.C.->,' /TSS�c cc� .FiS Do you possess any special skills /&C07' y.-/ rcf �'cf�n� f C cr 5 /t.�z1� r/.!t 5 T/•[lcp 5,C [ // Co •7/ .S N.CFrce i`:-Cho+,z...Tti.-Fit /,.✓ 1-4tlh�. !i7�cr�cc�v"71 Civic Interests �7c•�:r/c/ Membership in Civic and/or Service Organizations Availability (Indicate whether you would be available to attend meetings during the day, evening only, etc.) Date Interviewed PIO I i78 Appointed Whr" do you wish to serve on a volunteer board or commission and how will your qualifications best serve the needs of the community? / /J m v Lv11 /5/-�:t�C wiz 1 e �t(t/r C 41 /cC Qt i7-4,t/pj- �e.z_, 7Oi)er^ /n/ Y/ _ c�;� . i//Sh � a,�1 rt cC�s GL �rzS/, �-� a-"61W5"7 !: 7�ctc�� c.,�.(' /�Sr-/✓L C j r f tt r i1 S i lls frc c�2 t' A/Y•h 4�x S r �!/ /cC C 1." ^ 7�1 G' y CGt -7 //7 9 Pict� /- '_ ye a. - �/«,zit/,vc V 3 ei,�� a ett_ u c CY :Yc�vf� U � Gi1cn p/c'�`c�Ln� h tl It /f.c�i'r�.tccc� c'Y25 ,z(/j^{ K e ,vrPyz!"o Ce'Y[.57-/'7`cl.e.l e-7,C/eS, s, all- �:�c. /7- /5 //1-F Pu�''`7-,•-c:fr'�'� � !�1 S c4 .�! -YL r/ �� ..?��l� �uJ D �� c.//!7`j 2� �— — 0 fuel /!-T-les Ser01 /l Z4; 'e e,(, S l v -Al-e C< ]!' fil�l��r�rS CY 52/✓cc� S hatSt i7 e Lre— Al y Ivc �J' , , C_LL�/ 2 a Q S"S c 7- 7=v iJ1 D �,/nti�!/��,7T 0 7C 7/`'LC 5 A,e L1,11 {'l!L�L_S 7-lLr 4�- a . �ti 1) y 7e �. C r C l�✓� �r �eC fe l!�� r71- o S c' 70 74`LCl IJYr� 7 i'c cc� Lf r It is the policy of the City Council to make appointments to citizens' committees, boards and commissions on the basis of interest and qualifications of the applicant. Information concerning a particular committee, board or commission is available from the Public Infor- mation Office at 536-5511. This application may be returned to the Office of the Mayor, P. 0. Box 190, Huntington Beach, or to the Public Information Office,2000 Main Street,first floor of the Administration Building of the Civic Center. ` . . ' CurricuIun| vitae -/ TH0MAS W . WEST / 6032 MonorfinId 400 Golden Shore Hunt i rig ton BoEIch , CO 92048 Long Beach , CA 90802 (714) 81�8-5786 ( 213 ) 590-5701 Married ' 4 Children , Excellent Health E-d . D . , 1-11igh8r Education Ad0iniotrati0D ' Minor in Business Administration , Indiana University , 1.970 . Ed . , Counseling , Westminster C0II8g8 , 1960 �� /\ 7v . B . , MmthematicS , Thiol C0II8gn , 1959 EXPERIENCE Director, ivision of Information SVstems , The California State University.: Responsible -F o r o v e r a 11 planning , coordination , implementation and management of the inf ormation resources management program of this 19—oampun 316 , 000—Stud9nt, $l+ biIIi0n a year educational. Synt8rn; i0oolu8S Oo8raII ntratogi.0 pTanninQ , budgeting aOd manag8ment responsibilities for t8IoCnmmuniCati0nn (u0iC8 , datm , video) , a cad omiC -computing mnd administrative SyStomS ; inooTuon extensive interfaces with Stat9 agencies , the Legislature , canDpun executives , administrators and faculty leadership; iDwoTo8s oversight and coordination of a $70 million annual budget , a network of 50 computers and 600+ personnel . ( 1981—Prosent) University Director, Information and Computer Services , Indiana Universit_V : Responsible for overall planning , (academic and administrative computing and word procossing) of the eight—ra0puS , 80,000—stUd8nt university nynt8nD, involving a $9 million computiDg budget and 250 management and professional Staff personnel. , including overall leadership for d800T0p0ent of a comprehensive , integrated management information Syat8Dn and office automation ntrmtegy . ( 1973----l98l ) Adjunct Assistant Professor, Indiana University : Served on tho faculty of i t S Departmant of Higher Education ; taught graduate oominare ' served on thesis committees and participated in faculty committooS . ( 1.973-1981. ) . . . CurricuItill) UitZ�,8 1_110MAS W . HEST / Home Off 6032 ManorfieTd 400 Golden Shore Huntington Beach , CA 92048 Long Beach , CA 90802 (714) 848-5780 (213 ) 590-5701 Married , 4 Children , Excellent Health Ed . D . , Higher Education Administration , Minor in 8uninooS Administration , Indiana University , 1970 . Ed . , Counseling , Westminster College , 1966 y^ �� . B . , Mathematics , Thiel. College , 1959 EXPERIENCE Director, Division of Information Systems , The California State '```r`''`^~^` for ``~' a^^ r^~''''^''g ' ``~' ~^''~ `^~'' . implementation and management 0f the inf0r[Oati0n resources m anagomont program of this 19-campuo , 310 , 000-Stud8nt , $l+ biIIi0n a year 8ducationmI System; inooToao overall strmtogiC planning , budgeting and managnm8nt responsibilities for telecommunications (voice , data, uideo) , academic computing and administrative SyotomS ; inoOTooS extensive interfaces with state agencies , the Legislature , campus executives , administrators and faculty leadership; involves oversight and coordination of a $70 Million annual budget , a network of 50 computers and 000+ personnel . ( 198I-Pronont) University Director, Information and Computer Services , Indiana University : Responsible for overall planning , (acadennic and administrative computing and word processing) of the eight-ca0pUs , 80/000-student university system, involving a $9 million c0nnputing budget and 250 DDmnag8moDt and professional staff personnel , including ooeraTT leadership for development of m comprehensive , integrated management ' information systom and office automation strategy . ( 1973-1981 ) .�Aju r2 c t Assistant Professor, Indiana University : Soroed nn th8 fa culty of its Dopartment of Highor Eduration ; taught grmdumt8 Seminars , served on thesis CommitteoS and participated in faculty con0mittonn . ( 1973-1981 ) Thomas W , Wont . . . planning a n cl organizational analysis for Van six-campus rogi0naT system, working CT0SeIy with campus chancellors to develop academic program and ' organizational maturity , and to coordinate general administrative activities and interfaces of these campuses With ' the Uniuornity ` o central system offices . ( 1972-1973 ) hember,_ PlanninqL _Task Force : on special assignment to tha Commission for Higher Education of the State of Indiana ; responsible for a complete survey of the total. Indi-ana system and drafting 0f the first long-range strategic plan for the State system of postsecondary education . ( 1972) Assistant to the Chancellor, Indiana University Regional Campus _-Administration: Responsible for designing and ``''-~` ^i''z ~ ``' ^`` oF -' g~''^^~`^~''~^ ~ `--^`` ^''~^~~^''= ``` ^ analyses , program budgets , academic degree program production , � attitudinal studies and other special assignments of the Chancellor and the President . ( 1970-1972) ! University .Doctoral Student, Indiana ( 1908-1970) ` ! Center Director, Blue Ridge Job Corps , Brunswick Corporation.- Marion , VA : ! Responsible for planning , initiating and managing / | this experimental center for Appalachian girls training in . param8dicaT vocations which served 100-200 girls , employed 70 { full-time persons and had m $1 . 6 million budget funded by the � � Office of Economic Opportunity ; reported to an 0E0 official and . to the President of the Community Resources Division, Brunswick � Corporation . Note : The job corps took over the Marion College � facilities . ( 1967-1908)President, Marion College , Marion, V A ` � (youngest college � � president at the. time : 29) Provided leadership in an attempt � to give the 94-year-old , church-related junior college of 200 | women rebirth ; spearheaded detailed planning and analysis that � led to decision to ceaso academic operations at the end of ! 1966-07 ; dou8Tnp8d and implemented plan that established a � financial endowment of $500, 000 to a Sister institution , a ! repository for alumnae gifts and a � 0bn Corp for the I0C�T ' � � community as part of the 1908 dissolution . ( 1900-1968)Assistant to the Presidynt, Thiel College , Greenville, PA : � | Responsible for initiating and developing the federal relations ! pruyruo/ of the i//^titutim/ , conducted ye//e/ml mu"u//ixumti°e � assignments that included coordinating long-range planning and / } � 2 � ' . , . Thomas W . Wont institutional. utudion 1.)roojd8d Iiaio0n with oarious prosidentiaI advisory committees as a rfiomber of tho Executio8 Committ88 . ( l904—l906) Director of Church and Auxiliary Relations , Thiel College : Re s loon s i lol e for fu rid r a i s i ri g ' Synod off iciaIn , Parent ' n CIub ' Women ' s Auxjliary ' and ' AthIotic Association ; coordinat8d Campuy special eoontS , conference burei-:1u , athletic public relations program; served as sports information direct-or f0r the C0IIogo and the President ' s Athletic Conference involving eight colleges . ( 1963-1904) Served as instructor of mathe0otics , teaching freshman CaTcuTUS and advanced algebra . ( 1900-1902) Assistant Director in Pl�jnnin_q_ and Development, Thiel College : Responsible for fund raising an(:) relationships with Parent ' s Club , Women ' s Auxiliary , a rid Athletic Association ; coordinated campus special events , c o n f(.-.!r(:_�n c e bureau and athletic public relations program; u8ru8d an sports information director for the college and the President ' s Athletic Conference involving eight colleges , ( 1959-1963 ) OTHER INSTITUTIONAL EXPERIENCES AS representative Of the CSU , S8ruod as the chairperson of the California Information Technology Advisory Board which advises Executive Branch of State G0uer rime Ut; serves on the C5U Information R8S0UrC8 Advisory Board ; Chairs the CSU Academic Computing Planning Committee ; chairs th8 CSU I:f0rmati0n Ma nag 8mont Systems C00mittoe ; and chairs the CSU Information Resource Management Committee . Served as a mo[nhor or chairman on several. Indiana University committees and taSh f0rCon involving administrative and academic Computing policy f0rmuImtion , affirmative action and personnoI classification planning , IogioImtioo study of regional Ca0pUo autonomy , r8gi0na'.]. c amp uo8S executive managem8nt , SchooI of Buninoos MIS acad8mic program development , publications and institutional. heritage . At ThioI , ino0Tvod on many cc)mmittoeS and task forces including : accreditation Study , T0Dg range planning , capital Campaign , CUTtUraT progranl development , and athletic progra rmmiOg . Served an guest IoCturor at George Peabody and University of La0orno . 3 Thomas W . West RELATED EXTERNAL_ EXPERIENCES Consultant to the Board of Higher Education and Ministry of the United Methodist- Church and the National Commission on United Methodist Higher Education , and through them to several. colleges and universities in the areas of mission determination , strategic planning , inst:ituti.onal survival. , organizational development , enro.11.ment and financial forecasting , and information and computor systems . Also , served as a consultant to other institutions in same areas . Consultant to the Agency for International. Development assisting Kabul University in Afghanistan '.in developing strategic planning process for the country . Advisor to the Brunswick Corporation and the United States Chamber of Commerce on the development of job corps and labor training programs . Also , advisor to the American Council on Education concerning i.nstituti.onal survival and dissolution . Evaluator of Title III Advanced Developing Institution Program; Member of a New England Association of Schools and Colleges accreditation team; Member of State of Indiana Word Processing Task Force ; Guest- Lecturer at IBM and CDC College and University Executive Training Seminars . PROFESSIONAL GROUPS AND PRESENTATIONS Member* (Individual* , Institutional** and/or coni:ributor#) to professional. organizations and associations including ; CAUSE**#, Society for Management Information Systems*, Association of Institutional. Research, CUMREC:**##, . American Association of Collegiate Registrars and Admission Officers#, SIGUCC**, EDUCOM**# and ACM** , Currently on Board of Directors of both CAUSE and EDUCOM . COMMUNITY ACTIVITIES Active in Local scouting , church and swim club ; participated as member United Fund ; forrnar member Jaycees . Currant member of Orange County Advisory Committee for the Development of Bolsa Chica . PUBLICATIONS AND STUDIES Marion College _ 1873-1967 (Shenandoah Publishing House , Inc New Market , Virginia , 1970) , 295 pp . 4 ' r City .of Huntington Beach P.O. BOX 190 CALIFORNIA 926" OFFICE OF THE MAYOR APPLICATION FOR APPOINTMENT TO CITIZENS COMMITTEES BOARDS AND COMMISSIONS Date of Application: August 7, 1985 Boards or Commissions Applied For: Director of Huntington Beach Public Facility Corporation Name Warren G Hall Birthdate February 15 1925 Q51 NUdle Last Month Day Year Residence Address 9381 Nantucket Dr. , H.B. Residence Telephone (714) 962-3976 Business Address 2000 Main St. , H. B. Business Telephone (714) 536-5200 How long a resident of Huntington Beach Since November 1963 Occupation Elected City Treasurer Employer City of Huntington Beach EducatiorulBackground B S B A Major in Accounting, University of Ohio at Akron and subsequent extensive maintenance of profe3sional training at various schools & universitiE Membership or License in Professional or Technical Associations I hold a Certified Municipal Finance Adminstrator certificate issued by Municipal Treasurers Assn. of U.S.A, & Canada Do you possess any special skills Investment and cash flow management of Public Funds. Risk Management and Insurance are my second strongest capabilities. Civic Interests Have been involved with City of Huntington Beach since 1965. Have been on Board of Orange County Vector Control Agency since 1970. I was founding Board Chairman and served 5 years on Board of California Vector Control Joint Powers Agency administrating insurance and employee medical for40 statewide Vector Control Agencies. Membership in Civic and/or Service Organizations - Active in Chamber of Commerce functions and civic activities. Availability (Indicate whether you would be available to attend meetings during the day, evening only, etc.) My &ehoaA.1- is flo-41,1 n r- t,o nm p to attend meetings whenever scheduled Data tat—viewed P10 1/78 Appointed Warren G. Hall Why do luu wish to serve on a volunteer board or commission and how will your qualifications best serve the needs of the community? At the present time there seems to be an inability of the present board to formulate and execute a plan to administor the suQplus funds accumulating in the hands of the trustee (Bank of America) . I feel I could be an influence as to how best to employ and utilize those Public Funds. As the citizens elected -City Treasurer, I feel I would be an appropriate member of the P.F.C. Board to help manage the millions of dollars on deposit that belongs to the citizens of Huntington Beach as surely as the Public Funds of the City do. I would work for the best utilization of the P.F.C. funds by being able to utilize my daily insight into the City Financial Operations which of course pays the P.F.0 with Public Funds for the purpose of paying off the outstanding bonds and seeing that the Civic Center and Library are retained as Civic Assets at a reasonable cost. It is the policy of the City Council to make appointments to citizens' committees, boards and commissions on the basis of interest and qualifications of the applicant. Information concerning a particular committee, board or commission is available from the Public Infor- mation Office at 536-5511. This application may be returned to the Office of the Mayor, P. O. Box 190, Huntington Beach, or to the Pubic Information Office,20M Main Street,first floor of the Administration Building of the Civic Center. REQUEST FOR CITY COUNC,._- ACTION Date November 30, 1988 Submitted to: Honorable Mayor and City Council Members APPROVED BY CITY COUNC I L Submitted by: Paul E. Cook, City Administrator Prepared by: Dan T. Villella, Director of Finance r��'G� C TY CL x Subject: Approval of Candidate for the Public Facilities Corporation Board of Directors Consistent with Council Policy? VI Yes [ ] New Policy or Exception Statement of Issue, Recommendation,Analysis, Funding Source,Alternative Actions,Attachments: Statement of Issue: The four existing members of the Public Facilities Corporation's Board of Directors submit the name of Michael K. Tierney to the City Council for approval to fill the vacant directorship, with a term which shalt expire July 27, 1991. A decision by the City Council approving or disapproving this candidate is needed by December 30 1988. No action by the City Council within 30 days of the notice of appointment will result in the individual recommended for the Board of Directors of the PFC to be automatically approved. Recommendation: Approve or disapprove the candidate recommended by the Public Facilities Board of Directors. Analysis•. The PFC Board of Directors, in an action taken November 30, 1988, selected and submits the name of Michael K. Tierney to the City Council for consideration and approval. The City Council may take action to approve or disapprove the candidate. If the candidate is disapproved by the City Council such action shall be placed on the agendized for action by the PFC Board of Directors at its next scheduled meeting. Under Article 5, Section 3, of the PFC By-laws, the City Council has the right to recommend candidates to the PFC Board of Directors for their consideration. Funding Source: No funds required. Attachment: Staff's letter to the Mayor, Council Members and City Administrator dated November 30, 1988. 4176j Plo 5/85 i `H P U B Q,0 o� Huntington Beach Public Facilities Corporation INCORPORATED m 2000 Main Street • Post Office Box 190 • Huntington Beach, California 92648 i NOVEMBER 27,1970 r November 301 1988 CAC IF ORN%P Paul E. Cook. ('it,,- Administrator Honorable Mayor and City Council Members Please be advised that the Board of Directors of the Huntington Beach Public Facilities Corporation, at their adjourned meeting of November 30, 1988, interviewed three applicants for the vacant Directorship. Mr. ;Michael K. Tierney was elected to :ill the position. Mr. Tierney's term will expire July 27, 1991. A Request for City Council Action shall be scheduled for the Council's December 19, 1988 agenda for approval or disapproval of this candidate. Please advise should any questions arise. Sincerely, DAN T. VILLELLA Assistant Secretary, H.B.P.F.C. DTV:skd 4176j i 201 0l REQUES FOR CITY COUNCIL- ACTION -0 Date May I, 1986 C,015 1_ Submitted to: Honorable Mayor and City Council Members r►xYy'�yE l Submitted by: Charles W. Thompson, City Administratol, �,(J� V cti' Prepared by: Dan T. Villella, Director of Finance Subject: Approval of Candidate for the Public Fa ci ities Corporation Board of Directors Consistent with Council Policy? [X] Yes [ ] New Policy or Exception Statement of Issue, Recommendation,Analysis, Funding Source,Alternative Actions,Attachments: Statement of Issue: Three members of the Public Facilities Corporation's Board of Directors has submitted the name of Melvin Carpenter to the City Council for approval to sit as a new member of the Public Facilities Corporation Board of Directors. A decision by the City Council approving or disapproving this candidate is needed by May 29, 1986. No action by the City Council within 30 days of the notice of election or appointment of this individual by the PFC Board will result in the individual recommended for the Board of Directors of the PFC to be automatically approved. Recommendation: Approve or disapprove the candidate recommended by the Public Facilities Board of Directors. Analysis: The PFC Board of Directors, in an action taken March 30, 1986, selected and submitted the candidate's name to the City Council for consideration and approval as new PFC Board Director. The City Council may take action to approve or disapprove the candidate. If the candidate is disapproved by the City Council this decision will be the subject of action by the PFC Board of Directors at its next scheduled meeting. The staff has completed a set of recommended criteria to assist the City Council in the deliberation as to the viability of the candidate presented to them for the position of Public Facilities Corporation Directorship. The recommended criteria to be used either singly or in combination are: I. A candidate that has in—depth knowledge and experience in managing the financial affairs of either a complex business or financial institution. 2. A candidate that is recognized as a professional leader who either works or lives within the community and has a proven track record of leadership, integrity and responsibility. 3. A candidate that is apolitical. 4. A candidate that has knowledge and experience with investment practices of large sums of money who can provide advice and guidance to banks who hold PFC funds. 5. A candidate who has knowledge and experience with long term debt financing (e.g., lease hold mortgage bonds). Under Article 5, Section 3, of the PFC By—laws, the City Council has the right to recommend candidates to the PFC Board of Directors for their consideration. Funding Source: No funds required. I i Attachments: Huntington Beach Public Facilities Corporation Director,Application. PIO 5/85's k d PGA PUB(/j,110' `s, Huntington Beach Public Facilities Corporation C7 INCORPORATED IT 2000 Main Street Post Office Box 190 • Huntington Beach, California 92648 i NOVEMBER 27,1970 col Pj CAL IFORN%P May 1, 1986 ► o CITY OF HUNTING 0Y1 rr " Charles W. Thompson, City Administrator A0"'"INISTI?ATI'S u" Honorable Mayor and City Council Members Please be advised that the Board of Directors of the Huntington Beach Public Facilities Corporation at their regularly scheduled meeting of March 30, 1986 nominated and selected a new Director from a list of nine applicants to fill the vacancy on the Board. The newly appointed Director is: Mr. Melvin J. Carpenter The appointee will be requested to make confirmation of his acceptance of this appointment in writing. Please advise should any questions arise. Very truly yours, -/;A�N T. VILLELLA Assistant Secretary, H.B.P.F.C. DTV:skd 1993j f J City of Huntington Beach ' P.O. BOX /60 CALIFORNIA 92641 i OFFICF: OF THE MAYOR APPLICATION FOR APPOINTMENT TO CITIZENS COMMITTEES BOARDS AND COMMISSIONS Date of Application: February 3, 1986 Boards or Commissions Applied For: Public Facilities Corporation Name kelvin James Carpenter Birthdate January 16, 1920 First Middle Last Month Day Year Residence Address 6'(22 Gate Hill Circle Residence Telephone 714-960-1462 Funtlngton Bch. , Business Address xxxxxxxxxxxxxxxxx Business Telephone How long a resident of Huntington Beach Thirteen years Occupation Retired! Educational Background See. attached resume. Membership or License in Professional or Technical Associations None Do you possess any special skills See resume. Civic Interests Planning and development Membership in Civic and/or Service Organizations None Availability (Indicate whether you would be available to attend meetings during the day, evening only, etc.) Almost any time . / Date Interviewed PI0 1/78 Appointed Why do you wish to serve on a volunteer board or commission and how will your qualifications beat serve the needs of the community? I wish to become involved with the city on a volunteer basis and feel that my qualifications in planning and development coula Be of va ue in serving the community. It is the policy of the City Council to make appointments to citizens' committees, boards and commissions on the basis of interest and qualifications of the applicant. Information concerning a particular committee, board or commission is available from the Public Infor- mation Office at 536-5511. This application may be returned to the Office of the Mayor, P. O. Box 190, Huntington Beach, or to the Public Information Office,2000 Main Street,first floor of the Administration Building of the Civic Center. 6722 Gate Hiii Circle Huntington Beach, CA 92648 Telephone: Home (714) 960-1462 OBJECTIVE Executive Director or Executive Assistant position in an organization requiring administrative, personnel and budget management expertise to further the organi- zation' s growth, long-range planning and development. EDUCATION Bachelor of Arts, Saint Mary' s of California, 1942; General Line School, Naval Postgraduate School, Monterey, California (one year) , 1951; Rhode Island College, 16 units in Education, 1960; State Department Institute, Interdepartmental International Relations , 1963; Foreign Military Institute, 1963; Naval War College (one year) , 1959. SUM? ARY OF Planned and implemented policy for military assistance UALI ANIONS to ten foreign countries with $1.0 billion budget. Developed and implemented administrative, personnel and budget plans and operation policies for force composed of 100 ships with a gross budget of $7.0 million and shore organizations of 33 commands with $1.3 billion budget. Held seven Navy sea commands. ADMINISTRATIVE BACKGROUND 1973-. 1961- Executive Director of South Coast Regional Conservation Commission for Los Angeles and Orange Counties setting policy, developing methods and procedures and organizing staff for development permits totaling over $2.4 billion of construction. Responsible for development of the California Coastal Conservation Plan for Los Angeles - Orange Counties. Maintained liasion with all govern- mental agencies, civic organizations and individuals involved. Direct representative of the Commission in all matters pertaining to policy, budgeting and public relations. 1970-1973 Executive Director of Naval Base, Los Angeles-Long Beach, setting policy and coordinating activity of 33 naval commands in the Greater Los Angeles area involving over 60,000 military/Department of Defense civilian personnel with a combined gross budget of over $1.3 billion. Coordinated and developed long- range plans for harbor facilities , housing requirements , new commissary and upgrading of Terminal Island support facilities. Directed environmental tests for removal of water pollutants. Maintained liaison with local community governments , civic organizations , Consular Corps and foreign officials. vcsssei:s ,-JUG) << cn. 1967-1969 Planned and developed reorganization of Pacific Mine Forces to provide more efficient and effective utilization of manpower and services. Instituted UNIVAC computer programs for more efficient budget control. Instittuted a new concept for accomplishing repair of diesel engines and small boats in the Mine Force and converted existing small boats into river minesweepers saving thousands of dollars originally programmed for new construction. Exercised positive directorship of staff of 100 personnel in support of 100 ships , craft and 5 ,000 personnel. 1965-1967 Commanding Officer, USS KAWISHIWI (AO 146) , a 60,000 gross tonnage tanker with a crew of 300. 1963-1965 Director of Military Assistance Programs for the Pacific Ocean area involving ten foreign countries. Originated and implemented IBM Ram computer programs to control thousands of line items. By combining index items and reducing computer time, achieved a reduction in over- time along with increased program readability. This program was later adopted by Department of Defense for military assistance worldwide use. Responsible for presentation of the programs to Department of Defense and State Department officials for approval and implementation. 1961-1963 Commanding Officer, USS EDSON (DD 946) , a 3 ,000 ton class destroyer with a crew of 300 men. 1959-1961 Administrative director of Naval War College. Respon- sible for personnel policies , research facilities , library procedures and procurement , long-range building plans , maintenance supervision and other logistical support including student assistance programs.. 1956-1958 Executive Director for procurement , planning, training of naval vessels , construction of schools and repair facilities for the Republic of China Navy under the Foreign Military Assistance Program. Acted as U. S. Naval Advisor to the American Ambassador and the President of the Republic of China. 1954-1956 Commanding Officer, USS FITCH (DMS 25) , a 1650 ton destroyer class vessel with a crew of 250 men. 1952-1954 - Administrative director originating, planning and implementing policy for 100 man staff and operating force of 120 ships and 10 ,000 personnel. Developed and promulgated policy procedures. Administrative Assistant to the Naval Commander. 2 L.�C1: -La 6 i_ _ from �120 ,000 to over "">'l Million. Developed computerized budget programs which led to savings of from $100,000 to $800 ,000 per annum. PUBLIC Active speaker for civic organizations, visiting foreign MI—AT—IONS, dignitaries and local government officials. PERSONAL DATA Native Californian, born 1920. Married, three children . Good health. Retired as Captain, United States Navy. 19bl to Present Retired. } 3 Gy �- REQM> , FOR CITY COUNCIL- ACTION Date February 19, 1986 Honorable Mayor and CityCouncil Members a6ardof Submitted to: y -VTSubmitted by: Charles W. Thompson, City AdministraPrepared by: Dan T. Villella, Director of FinanceSubject: Approval of Candidates for the Public Facilities Co rars Consistent with Council Policy? [x] Yes [ ] New Policy or Exception 6 ' Statement of Issue, Recommendation, Analysis, Funding Source,Alternative Actions, Attachments: t Statement of Issue: The three members of the Public Facilities Corporation's Board of Directors has submitted two names to the City Council for approval to sit as new members of the Public Facilities Corporation Board of Directors. A decision by the City Council approving or disapproving these candidates is needed by March 14, 1986. No action by the City Council within 30 days of the notice of election or appointment of individuals by the PFC Board will result in the two individuals recommended for the Board of Directors of the PFC to be automatically approved. Recommendation: Approve or disapprove one or both of the candidates recommended by the Public Facilities Board of Directors. Analysis: The PFC Board of Directors, in an action taken February 12, 1986, selected and submitted two candidate names to the City Council for consideration and approval as new PFC Board Directors. The City Council may take action to approve or disapprove one or both of the two candidates. Candidates that are disapproved by the City Council will be the subject of action by the PFC Board of Directors at its next scheduled meeting. The staff has completed a set of recommended criteria to assist the City Council in the deliberation as to the viability of candidates that are presented to them for the position of Public Facilities Corporation Directorship. The recommended criteria to be used either singly or in combination are: 1. A candidate that has in-depth knowledge and experience in managing the financial affairs of either a complex business or financial institution. 2. A candidate that is recognized as a professional leader who either works or lives within the community and has a proven track record of leadership, integrity and responsibility. 3. A candidate that is apolitical. 4. A candidate that has knowledge and experience with investment practices of large sums of money who can provide advice and guidance to banks who hold PFC funds. 5. A candidate who has knowledge and experience with long term debt financing (e.g., lease hold mortgage bonds). Under Article 5, Section 3, of the PFC By-laws, the City Council has the right to recommend candidates to the PFC Board of Directors for their consideration. Funding Source: No funds required. Attachments: Huntington Beach Public Facilities Corporation Director Applications. DTV:skd 2010' PIO 4)84 i ��PruH PUB(�C�' o� :, Huntington Beach Public Facilities Corporation C9 INCOR►ORATEO col Main Street • Post Office Box 190 • Huntington Beach, California 9'2648 z i NOVEMBER 27.1970 { Z i Dy CALIFOVO4" February 13, 1986 i Charles W. Thompson, City Administrator Honorable Mayor and City Council Members Please be advised that the Board of Directors of the Huntington Beach Public Facilities Corporation held a special meeting of February 12, 1986, at this meeting they nominated and selected two new Directors from a list of nine applicants to fill the vacancies on the Board. The newly appointed Directors are, in alphabetical order, as follows: Mr. Joseph I Garafalo Mr. Thomas W. West Each appointee will be mailed a letter for their confirmation in writing of acceptance of the appointment. Please advise should any questions arise. i Very truly yours, DAN T. VILLELLA Assistant Secretary, H.B.P.F.C. DTV:skd 1993j Applicants j - J. City of Huntington are needed • AL11 Huntington'Beach City Council is P.O.P O BOX 190 soliciting applicants for the volunteer * OFFICE OF THE MAYOR position:as member of the board,of directors for the non-profit corporation which-administers the business affairs APPLICATION FOR APPOINTMENT TO CITIZENS concerning the civic center.and.cen tral.library: BOA. 'S AND �;OMMISSIONS Persons interested should obtain.an application..from the Public Informs- Date of A lication: October 2, 1985 tion Office, 2000' Main St.; Hun- PP tington Beach, 92648,and return it Boards or Commissions Applied For: see attached newspaper notice to Don Xiser, Public works Depa't- PP ment, at the same adress. Name Joseph James Garafalo Birthdate August 11, 1922 sat Middle Last Month Day Year Residence Address 16221 Typhoon Lane Residence Telephone (714) 840-9270 Business Address P. 0. Box 9399 Business Telephone (213) 513-5164 Long Beach, CA 90810-0399 How long a resident of Huntington Beach 4 ypa rc Occupation Group Vice President Employer HughPc Aircraft Company Educational Background USC - BSEE Degree, UCLA Executive Program Membershi or License in Professional or Technical Associations Member of Eta Kappa Nu, The Institute of Electrical & Electronics Engineers, and honorary membership in the National Security Industrial Association. I am a senior executive of Hughes Aircraft Company and Do you possess any special skills $300 million a year in sales. I believe the skills I have developed in managing this organization could be applied to problems and issues affecting Huntington Beach. Civic Interests I live in Huntington Beach and am very interested in the success of the community and its environment. Membership in Civic and/or Service Organizations Member, Board of Trustees, Long Beach YMCA; Executive Board member, Long Beach Area Council , Boy Scouts of America; Member of the Orange County Philharmonic Association; Member of the Long Beach Mayor's Advisory Council and a member of the Long Beach Economic Development Task Force. Availability(Indicate whether you would he available to attend meetings during the day,evening only,etc.) both - day or evening Date Interviewed P10 1/78 Appointed w 1 Why do you wish to serve on a volunteer board or commission and how will your qualifications best serve the needs of the community? Over the last thirty-five years, I have had to deal with and resolve important business issues. I believe this ability can be utilized in serving the needs of Huntington Beach by analyzing key issues and establishing appropriate courses of action for their resolution. It is the policy of the City Council to make appointments to citizens' committees,boards and commissions on the basis of interest and qualifications of the applicant. Information concerning a particular committee, board or commission is available from the Public Infor- mation Office at 536-5511. This application may be returned to the Office of the Mayor, P. O. Box 190, Huntington Beach, or to the Public Information Office,2000 Main Street,first floor of the Administration Building of the Civic Center. 1 1 JOSEPH J. GARAFALO Mr.Joseph J.Garafalo is Group Vice President and Manager of Support Systems, Hughes Aircraft Company. He is also Vice President of Hughes Aircraft Systems International. Mr. Garafalo earned his Electrical Engineering degree at the USC School of Engineering in 1945 and joined Hughes Aircraft Company in 1949. Throughout his more than 35 years at Hughes,his vision and leadership created an aerospace logistics organization now recognized as an industry leader. He was a pioneer in the development of the concept of "Integrated Logistic Support", which is now the logistics system, in.-use by all the Armed Forces. Under his guidance, advanced technology for the research, design and manufacture of sophisticated.electronic simulation equipment was developed at Hughes. His organization recently delivered the first, state-of-the-art, air combat maneuvering trainer for the U.S. Navy F-A/18 fighter aircraft program. His responsibilities include management, design and implementation .of maintenance activities throughout the free world. Over 4,000 employees of Support Systems are engaged in these pursuits reporting to Mr. Garafalo. The National Security Industrial Association,in recognition of his contributions, awarded him its Certificate of Merit,. the organization's Honorary Life Membership, and, in 1980, bestowed on him the prestigious Edward M. Greer Award. The Greer of Award was established in 1956 to recognize and honor individual service to the Department of Defense in the field of Integrated Logistic Support engineering. Mr. Garafalo's energies and activities have not been restricted to Hughes. He has played an active role.in community affairs as well. He was appointed by the Mayor of Long Beach to the City's Task Force on Economic Development. to furnish economic development planning through the year 2,000 and beyond. He is also an active member of the Mayor's Industrial Council. In.:addition, he has an active interest in youth activities and is now sewing on the Executive Board of Directors, Long Beach. Council, Boy Scouts of. America, and on the Board of Directors of the Long Beach YMCA. Mr. Garafalo was born in Los Angeles, August 11, 1922, and mow lives in Huntington Harbor with his lovejy wife, and high school sweetheart, Lorraine. l' 1 %• ' City of Hunting ton Beach P.O. BOX 160 CALIFORNIA 6260 �- 01;1;1(:1•` OI� "f11H: MAYOR APPLICATION FOR APPOINTMENT TO CITIZENS COMMITTEES BOARDS AND COMMISSIONS Date of Application: f-i 8" 4,l�K- Boards or Commissions Applied For: AaelllC Name /`' ka-S Birthdate �`� e v�S 1?7 First Middle Last Month Dar Year Residence Address (03 Z- Residence Telephone 7/ chi 6v/olt,r Shar4 Business Address 1-yn- 3-4tcti- Business Telephone a/3 - How long a resident of Huntington Beach e6Z2"6-/- /9,9 2- Occupation `1�%vet sy ,ii..✓. /fiL' ��/ �rn�a Stec fe Gl-y„✓e,-s r 7y Educational Background �d �'"�' � ���✓«s ry -/9�0 — ��,<9cN�.r aiolee;aKUa�F d-e yrLC a,,, " r,(a/sue '_ ar riti a-"l 1"AysiCS Membership or License in Professional or Technical Associations Sfri)c a--5 ` -9 G1� ct/. rvha� �dctcict/vnca� lcrYsr�-cAln� /Tt."cvsnrrs �tnci.J�S ��vT�Ss.JhcK �SSJCFCP✓rr5 Do you possess any special skills 1{e cd�-„� � y,.���� ..y doh s /f- 5'71 t, z,c iev Civic Interests �r��r �v�✓ n J��IaP->ry.c.-?`, �d/ra C�«�c De„�/r��,.�► �� Membership in Civic and/or Service Organizations Availability (Indicate whether you would be available to attend meetings during the day,evening only, etc.) 6 �lso Date Interviewed PIO 1/78 Appointed Why do you wish to serve on a volunteer board or commission and how will your qualifications lest serve the needs of the community? 1 f /:S m u?1��'S/��r n 1i? Pi.�f 1 C fa� �d r , l/FXC) /S- aZA' w 197 Q- ,r1wj U r 7't.�/hrO/✓�'�/ N 7/�c c./sh va asrel -n cL rr e s LA / o�1c1�✓� oiwl�tr� Zc�sMv� T�s t PfC m P.t�S f, 7�o�c�C M+y,�� /�s�/✓� COY Kh7 S/r /f}cd,t7zr ,2(0 ��r5 at iN�rt��9rc 1��(Ptr�e r�c25 /1'�K d�ve�aP4{�.�� Pjr�6/e�-e dsa/ �trfit �r.Q a are a y+nisouo/ c��s *�cc/i�xc�PS, ti, e CO-Se- OP f41. Pfe eaIV., s, <17 5,1(r�yc� Q� �/1 t ,jUo 4,6r-eary a-A,,e Ciatc �� /em�r �1 fi�3 h ��cA-Itty t't,l�xc�rv�,S vyyQ 52/✓ccc2 S ho,tS r7 �► - f.7>,e 5 G,-,q(1 O�L Poc,C .�f .Z-D�c 42-A- psi Awl c-Q It is the policy of the City Council to make appointments to citizens committees,boards and commissions on the basis of interest and qualifications of the applicant. Information concerning a particular committee, board or commission is available from the Public Infor- mation Office at 536-5511. This application may be returned to the Office of the Mayor, P. O. Box 190, Huntington Beach,or to the Publie Information Office,2000 Main Street,first floor of the Administration Building of the Civic Center. i Curriculum Vitae I-HOMAS W. WEST Home : office : 6032 Manorfield 400 Golden Shore Huntington Beach, CA 92648 Long Beach, CA 90802 (714) 848-5786 (213 ) 590-5701 Married , 4 Children, Excellent Health Ed . D . , Higher Education Administration, Minor in Business Administration, Indiana University , 1970 Ed . , Counseling , Westminster College, 1966 x . B . , Mathematics , Thiel College , 1959 EXPERIENCE Director, Division of Information Systems , The California State University : Responsible for overall planning , coordination, implementation and management of the information resources management program of this 19—campus , 316 , 000—student, $1+ billion a year educational system; involves overall strategic planning , budgeting and management responsibilities for telecommunications (voice , data, video) , academic computing and administrative systems ; involves extensive interfaces with state agencies , the Legislature, campus executives , administrators and faculty leadership; involves oversight and coordination of a $70 million annual budget, a network of 50 computers and 600+ personnel . ( 1981—Present) University Director, Information and Computer Services , Indiana University : Responsible for overall planning , development and management of the information resources (academic and administrative computing and word processing) of the eight—campus , 80,000—student university system, involving a $9 million computing budget and 250 management and professional staff personnel , including overall leadership for development of a comprehensive , integrated management information system and office automation strategy . ( 1973-1981 ) Adjunct Assistant Professor, Indiana University : Served on the faculty of its Department of ^ Higher Education; taught graduate seminars , served on thesis committees and participated in faculty committees . ( 1973-1981) i 'Thomas W . West Vice Chancellor for Administration, Indiana University Regional Campus Administration : Responsible for strategic planning and organizational analysis f"or tFie six—campus regional system, working closely with campus chancellors to develop academic program and organizational maturity , and to coordinate general administrative activities and interfaces of these campuses with the University ' s central system offices . ( 1972-1973) Member, Planning Task Force: On special assignment to the Commission for Higher Education of the State of Indiana; responsible for a complete survey of the total. Indiana system and drafting of the first long—range strategic plan for the state system of postsecondary education . ( 1972) Assistant to the Chancellor, Indiana University Regional Campus Administration: Responsible for designing and conducting a series of organizational studies including cost analyses , program budgets , academic degree program production, attitudinal studies and other special assignments of the Chancellor and the President . ( 1970-1972) Doctoral Student, Indiana University . ( 1968-1970) Center Director, Blue Ridge Job Corps , Brunswick Corporation, Marion, VA : Responsible for planning , initiating and managing this experimental center for Appalachian girls training i.n paramedical vocations which served 160-200 girls , employed 70 full—time persons and had a $1 . 6 million budget funded by the Office of Economic Opportunity ; reported to an OEO official and to the President of the Community Resources Division, Brunswick Corporation . Note : The job corps took over the Marion College facilities . ( 1967-1968) President, . Marion College, Marion, VA (youngest college president at the time : 29) : Provided leadership in an attempt to give the 94—year—old , church—related junior college of 200 women rebirth; spearheaded detailed planning and analysis that led to decision to cease academic operations at the end of 1966-67 ; developed and implemented plan that established a financial. endowment of $500, 000 to a sister institution, a repository for alumnae gifts and a jobs corp for the local community as part of the 1968 dissolution . ( 1966-1968) Assistant to the President, Thiel College, Greenville, PA : ff Responsible for initiating and developing the federal relations I program of the institution; conducted general administrative assignments that included coordinating long—range planning and I ` 2 I, \ 1 Thomas W . West institutional studies ; provided I.iai.son with various presidential advisory committees as a membor of the Executive Committee . ( 1964--1966) Director of Church and Auxiliary Relations , Thiel College : Responsible for Fund raising and relationships with Church Synod officials , Parent ' s Club, Women ' s Auxiliary , and Athletic Association; coordinated campus special events , conference bureau , athletic public relations program; served as sports information director for the college and the President ' s Athletic Conference involving eight colleges . ( 1963-1964) Instructor, Thiel College : Served as instructor of mathematics , teaching freshman calculus and advanced algebra . ( 1960-1962) Assistant Director in Planning and Development, Thiel College : Responsible for Fund raising and relationships with Parent ' s Club, Women ' s Auxiliary , and Athletic Association; coordinated campus special events , conference bureau and athletic public relations program; served as sports information director for the college and the President ' s Athletic Conference involving eight colleges . ( 1959-1963) OTHER INSTITUTIONAL EXPERIENCES I As representative of the CSU , served as the chairperson of the California Information Technology Advisory Board which advises Executive Branch of State Government; serves on the CSU Information Resource Advisory Board ; chairs the CSU Academic Computing Planning Committee ; chairs the CSU Information Management Systems Committee; and chairs the CSU Information Resource Management Committee . Served as a member or chairman on several Indiana University committees and task forces involving administrative and academic computing policy formulation, affirmative action and personnel classification planning , legislative study of regional campus autonomy , regional campuses executive management, School of Business MIS academic program development, publications and institutional heritage . At Thiel , involved on many committees and task forces including : accreditation study , long range planning , capital campaign, cultural program development , and athletic programming . Served as guest lecturer at George Peabody and University of LaVerne . 3 1 i ho III as W !^.0.s � RELATED EXTERNAL EXPERIENCES Consultant to the Board of Higher Education and Ministry of the United Methodist Church and tho National Commission on United Methodist Higher Education, and through them to several colleges and universities in the areas of mission determination , strategic planning , institutional survival , organizational development, enrollment and financial forecasting , and information and computer systems . Also, served as a consultant to other institutions in same areas . Consultant to the Agency for International Development assisting Kabul University in Afghanistan in developing strategic planning process for the country . Advisor to the Brunswick Corporation and the United States Chamber of Commerce on the development of job corps and labor training programs . Also, advisor to the American Council on Education concerning institutional survival and dissolution . Evaluator of Title III Advanced Developing Institution Program; Member of a New England Association of Schools and Colleges accreditation team; Member of State of Indiana Word Processing Task Force ; Guest lecturer at IBM and CDC College and University Executive Training Seminars . PROFESSIONAL GROUPS AND PRESENTATIONS Member* (Individual* , Institutional** and/or contributor#) to professional organizations and associations including : CAUSE**#, Society for Management Information Systems*, _ Association of Institutional Research, CUMREC**#, American Association of Collegiate Registrars and Admission Officers#, SIGUCC**, EDUCOM**# and ACM** . Currently on Board of Directors of both CAUSE and EDUCOM. :t COMMUNITY ACTIVITIES Active in local scouting , church and swim club; participated as member United Fund ; former member Jaycees . Current member of Orange County Advisory Committee for the Development of Bolsa Chica . PUBLICATIONS AND STUDIES Marion College : 1873-1967 (Shenandoah Publishing House , Inc . , New Market , Virginia , 1970) , 295 pp , 4 J• City of Hunti ng ton Beach ' P.O. BOX 190 CALIFORNIA 9UM • OFFICI-' O1 THE MAYOR APPLICATION FOR APPOINTMENT TO CITIZENS COMMITTEES BOARDS AND COMMISSIONS Date of Application: 11/21/8 5 -Boards or Commissions Applied For: Huntington Beach Public Facilities Corp. Name Robert B Beck Birthdate 8 1 29 First Weddle I.$, -- ---_Month Day ..-- Year . _ .. Residence Address 19342 Manor Point Cr . Residence Telephone 960-1368 Business Address 1325 S . Grand Ave. , SA Business Telephone 9 7 3-5 6 2 4 How long a resident of Huntington Beach 15 years Occupation Vice President Employer Southern California Edison Co . Educational Background high school and college Membership or License in Professional or Technical Associations Pacific Coast Electrical Assoc. Do you possess any special skills Administrative, financial and general mgmt . Civic Interests No memberships Membership in Civic and/or Service Organizations see attached 1 Availability (Indicate whether you would be available to attend meetings during the day, evening only, etc.) evenings best Date interviewed 1110 1 i-H Appointed Why do you wish to serve on a volunteer board or commission and how will your qualifications best serve the needs of the community? - For many years , I have been involved with numerous civic/business responsibilities throughout- .the greater Orange County community. _ ,.,. ' Because of heavy committments for many years, I was unable to volunteer for any specific responsibilities-related to the City of Huntington Beach. Having been a resident for 15 years , I have developed considerable interest and I am now positioned where I have the availability of time to become a contributing member to appropriate. city functions . I believe my many years as a top level manager in .the Edison Co . and experience on numerous business and- community boards provides a background that would be beneficial to the community.- It is the policy of the City Council to make appointments to citizens' committees, boards and commissions on the basis of interest and qualifications of the applicant. i Information concerning a particular committee, board or commission is available from the Public Infor- mation Office at 536-5511. III is application may be returned to the Office of the Mayor, P. O. Box 190, Huntington Beach, or to the hzic Information Office,2000 Main Street,first floor of the Administration Building of the Civic Center. Southern California Edison Company P.O. BOX 2307. 92707 1325 SOUTH GRAND AVENUE SANTA ANA. CALIFORNIA 92705 ROBERT B. BECK TELEPHONE VICE PRESIDENT (714)973-5624 SOUTHEASTERN DIVISION June 12 , 1985 Mrs . Alicia Wentworth City Clerk City of Huntington Beach P 0 Box 190 Huntington Beach, CA 92648 Dear Mrs. Wentworth: I have recently been informed that a vacancy currently exists on the Board of the Public Finance Corporation. For some time I have been actively involved in community affairs throughout Orange County (see attached) and have been a citizen of the City of Huntington Beach since October, 1970 . I have been interested in becoming actively involved in the structure of city business and it appears that the responsibilities associated with the Board are of the type that I can make a solid community contribution. I believe that my extensive background at the executive level of the Southern California Edison Company would be supportive of the Board' s activities . I would appreciate favorable consideration for appointment. Sincerely, i RBB:dv Attachment S ROBERT B. BECK COMMUNITY ACTIVITIES NOVEM.BER 20 , 1985 ° St. Joseph Hospital a. Foundation Board Member b. TODOS Member (Fund Raiser Club) ° United Way of Orange County a. On Board of Directors ° American Red Cross , Orange County Chapter a. Chairman of Audits Committee b . Executive Committee Member Orange County Business Committee for the Arts a. On Board of Directors ° University of California , Irvine a. Industrial Management Associates , Graduate School of Business Member b. Orange County_ Annual Survey, Steering Committee ° Orange County Corporate Volunteer Organization ° American Conference of Christians & Jews a. On Board of Directors ° Humana Hospital, Huntington Beach a. Chairman Board of Trus-tees ° Orange County Economic Development Council Member ° Boy Scouts of America, Orange County a. On Board of Directors b. Vice President Explorer Scouts Division ° Goldenwest College a. Foundation Board Member ° Orange County Performing Arts , Center Campaign Fundraising Committee ° Chapman College, School of Business & Management Advisory Council ° Orange County United States Olympic Committee a. Corporate Fundraising Chairman Appointed to Business Leadership Transportation Task Force by Orange County Board of Supervisors t ROBERT B. BECK OUTSIDE ACTIVITIES 1 . Member of Foundation Board - St. Joseph Hospital 2 . Member of Todos a. Fund Raiser Club for St. Joseph Hospital 3 . Executive Committee, Orange County United States Olympic Committee a. Chairman, Corporate Fund Raising, USOC , Orange County 4 . Board of Directors-United Way of Orange County-Cabinet Member a. Division Chairman - United_ Way 5 . Member of Board of Directors - American Red Cross a. Chairman of Audits Committee 6 . Member Board of Directors , Business Committee for the Arts 7 . Appointed to Business Leadership Transportation Task Force by Supervisors 8 . Member of University of California, Irvine Industrial Management Associates , Graduate School of Business 9 . Interface with Orange County Board of Supervisors a. Planning Commission b. County department heads 10 . Member - Orange County Corporate Volunteer Organization 11 . Board of Directors - American Conference of Christians & Jews 12 . Orange County Annual Survey (UCI) (Steering Committee) 13 . Board Member, Orange County Economic Development Council 14 . Member Energy Consortium, California State University at Fullerton 15. Member Board of Trustees , Humana Hospital, Huntington Beach 16 . Member Board of Directors , Orange County Boy Scouts of America 17 . Goldenwest College, Member of Foundation Board 18 . Member of Performing Arts Fundraising Committee 19 . School of Business & Mgmt Advisory Council, Chapman College TD City of Huntington Bea - P.O. BOX too CALIFORNIA . OFFICF Oil THE MAYOR m TER tt APPLICATION FOR APPOINTMENT TO CITIZENS COMM, ES � - . - - - BOARDS AND COMMISSIONS — C Date of Application_ Boards or Commissions Applied For: Name �.� 112 S t/�r Birthdate jgi /6 /9m Firpt VNkmtb Day Ysr Residence Address (QVZ 4-1 k-Ie- -Residence Telephone '764 Business Address \A,,O v Business Telephone How long a resident of Huntington Beachy Occupation F.mplover FAucational Background 00P6 lr Membership or License in Professional or Technical Associations -- Do you ��possess.any special skills Civic Ir►I rrrtrts 4i AQ111 � -- - Memim-r4iilt in (:ivir artrl/or tirrvirr Organizations ,&AA- Avrilabibl Omlir•:►lr wlwtltcr r•Nt would he available to attend ntretingm %►tiring Ike day,eveiiing only, etc.) .V Date lntefrir%ml r t,► t :r, Arwant.d ILCity of Huntington Beac : ' P.O. BOX 190 CALIFORNIA 92> OFFICE: OF THE: MAYOR C ^ coLO r z v, r APPLICATION FOR APPOINTMENT TO CITIZENS COMMITTEES�; BOARDS AND COMMISSIONS Date of application: July 11, 1985 Boards or Commissions Applied For: Public Facilities Corporation Name Gene John Farrell Birthdate October 12, 1936 ast INfiddle Last L��i Month Dar ear Residence Address 19341 Shady Harbor Circleeaid nce Telephone 536-9463 Business Address 15744 Golden West Street Business Telephone 895-8111 Hun in_ on Beach How long a resident of Huntington Beach 16 years • Occupation Director, Business Services Employer Coast Community College District - Golden West College Educational Background B.A ./M.A . Cal State Long Beach Membership or License in Professional or Technical Associations Member - California Association of School Business Officers (CASBO ) Do you possess any special skills Civic Interests Committed to the welfare of our community and its residents . Membership in Civic and/or Service Organizations Past Commissioner - Community Services Commission Availability (Indicate whether you would be available to attend meetings during the day, evening only, etc-) Available day or evening Date Interviewed P10 I i 78 Appointed Why do you wish to serve on a volunteer board or commission and how will your qualifications best serve the needs of the community? I feel every citizen should serve his community. My experience as Chief Fiscal Officer and Director of Maintenance and Operations __. __qualify me for a position on the Public Facilities Corporation. e It is the policy of the City Council to make appointments to citizens' committees, boards and commissions on the basis of.interest and qualifications of the applicant. Information concerning a particular committee, board or commission is available from the Public Infor- mation Office at 536-5511. This application may be returned to the affice of the Mayor, P. O. Box 190, Huntington Beach, or to the Public Information Office,2000 Main Street,first floor of the Administration Building of the Civic Center. r. % ��PGN PUBLIC�q �i14aStl1 Huntington Beach Public Facilities Corporation CJ INCORPORAT[D �, 17371 Gothard Street ( j Z NOV[MR[R 27.1970 y Huntington Beach, California 92647 A�t� rt�y 'awn Cq��Fp�N�P January 31 , 1986 J A N 3 i i�8u To: Charles W.Thompson, City Administrator CITY OF HUNTINGTON BEACH City Council Members ADMINIST,ftATIVE OFFICE T am providing the below listed actions of the Board meeting of January 29, 1986, in advance of preparing the complete Minutes, for your information. Mr. William Wamhoff resigned, via telephone call to the undersigned, effective immediately; and the Board accepted the resignation appropriate minute action. The Board adopted a Resolution to set the time, place, and dates of regular meetings, commencing March 26, 1986. Future regular meetings will be at 4:OOP.M. , at the Civic Center, on the last Wednesday of each month. The Board called for a Special Meeting at 4:00 P.M. , at Civic Center, on February 12, 1986; for the purpose of interviewing applicants for the two vacancies. Currently, there are seven remaining applications on file, and they will be notified of the meeting by mail . For your information, the Maddy posting was done on January 30th, as well as arrangements for and �U mailing of a press release regarding the vacancies. The Board requested that they be notified as to which Council- person is the appointed PFC liaison, and if there is currently (� no appointee would the Mayor please make the desired appointment. The Board also agreed that primary liaison for the future meeting arrangements and records keeping be Assistant Secretary, Dan Villella and Recording Secretary, Shari Donoho from Administrative Services. d (0 Yj— C, cc : Dan Villella � 3 • a 600, N - _CITY OF HUNTINGTON BEACH y INTER-DEPARTMENT COMMUNICATION To HONORABLE MAYOR RUTH_ BAILEY From GAIL HUTTON AND MEMBERS -OF CITY COUNCIL City Attorney Subjeci `- HUNTINGTON BEACH PUBLIC Date November 43 1985 FACILITIES CORPORATION -- UPDATE - - CONFIDENTIAL - - BACKGROUND: When the Huntington Beach Public Facilities Corporation was formed -to issue the bonds and enter into the lease/leaseback, the city reserved no control over the corporation. This was rectified when an amendment. to the by-laws was made early- on. This amendment requ erer approval of the directors by the Council. The Board of Directors have, now overstayed -their. terms. All members of the Board have resigned except Directors Wamhoff and Nowlin. Wamhoff and Nowlin are required to nominate the successors. STATUS Directors Wamhoff and Nowlin are proceeding to interview applicants _- for- appointment to the vacant director' s position at the November _-_2T, :: 1985;--- meeting of the Board. If they fail to do so, the city :.' could prevail upon the courts to appoint provisional directors to perform Wamhoff and- Nowlin' s duties, pursuant to the California - -- - Corporations Code. -- - Since -.there_are-- now---only. two-directors, both of whom are on expired = = terms,- iwould seem that their sole duty would be to appoint one director on November 2T, subject to_ the approval of the City . Council:= - - _ -- - - -- Once =such= director has been approved, he should appoint a second -director;'.subject to approval,-= who - shall thereafter join the first - - in appointing A third, and so on. - - This approach would require the resignation- of Wamhoff and Nowlin u upon approval of their first appointee. ��• '�:._....� - � ,.� -- �' � - _C�-j`� - ,r.,: 'Sk _- - t y r.arA S t�A i, qr•- ^r x,.4� � � i � �� .._.-.�^` q _��� ! c� k:s �y'C t _ „k- E -..._�'.'rc�s� '"r 2 -.,.,... yici-r_ r,�..GyP"'.s'•+Yi�•i. - IY'i Y -�-. •w - � 3- -ir::. a_.- 5' - • �i"": 4'•_ * ''sue-.aT r`.'�i !"-4��^ -6 •"Rs -L - j � "'t s "F- � t 3-. z.�i.,. � ..z-n Honorable Mayor and City Council _ November 4,. 1985 Re. Public Facilities Corporation -' Update Page Two if this procedure is not followed, it may be deemed a: breach of - `.. trust actionable under Corporations Code 5142, which may be brought by. A person with a reversionary, contractual or -_ property interest in the' assets subject to such -- charitable trust." . _ - - o r 3, "(5) any person granted relator status by the Attorney General." - Such "standing to sue" is now being pursued. by our staff. -. Addi- tionally, if any appointment is not acceptable to the .City Council, ___ the validity of such appointment may be tested in superior court: _"(a) Upon the filing of an action- therefor by any . - person who had the right to vote in the (appointment) at issue." - - -'^Since the appointment of directors of the Public Facilities . Cor- - poration is. subject to approval of the City Council, it would seem that the Council is "a person who had the right to vote" within the _ .... . meaning of the above-cited Corporations Code $ 5617. RECOMMENDED ACTION: 1. Direct the secretary of -the P.F.C.--'to- transmit copies of all----- :: - =- - -- -1 applications for- appointment as directors to the City Council for - - review forthwith. - _ = 2. Monitor. the selection on November 27, 1985, for immediate- - approval or disapproval by - the City Council. -- - _ Recommend -a series of 'special meetings by the P.7- C. to = ='= - accelerate the appointment and approval process outlined above: Deputy City.- Attorney Arthur De La Loza has been assigned the -_ responsilfty of attending the November 27 P.F.C.-meeting as my -•-- - _ reprezentative and has ordered a court reporter for the purpose of K establishing a record in the event such -recard is necessary for any��-_ action= mentioned above. - - GAIL- HUTTON City Attorney __ - - - j} 5 ,. r cc: Charles W. Thompson y 3 -• u- �` r.�. t—..� �, ->- -•'"--- .' _ -. ,,.,4,.�C,, y•r --s -_�, .i' F W -sc•�,-e -- -�e-•'sr- ..�� ...._ a �ti.rr .L,s r`;,�_,' r �..--"s'b e��... a�„ � .$s r r '.°�-_ �=•.Yo"n' r- � �-33 �4.: '�S �- c._ _ _• - ��'.t_.`f_ •-�� �• :� '; s a� r5's.��.�•+t'-.rc"t-Y .t z�g'�� _ e'� v-a� y:w;_.,..•ct�,� ��'�-, .N�"` 2..•-••-' ��.x_`„'� r�''fi� n%`; �.,.r,�'..�s ,Y .?ate � -- :7 ,4. '3 F.-..rr;.S��-+,..�.�'--%%V.1�. "`3�-����.Js.=�"�''w t .1+^-- i d,Js.�F �s--� �,,:ti;.-=`-• ytii. 'fit ,.ten - ,,1 _ �-• �, � .'S+.a.tF�""_y. -�..ri q.,,rti_- -C"5� � � �aP"' ,7` 4 S a �.1.. „- '. 'i.s:Tts � '*a-.r'� �'' �a S- ,-�a+•+�� _. ter_- ` ?•` _vl ' Page 17 - Council Minutes - 1/21/86 BOYS CLUB ANNUAL AUCTION - 2/7/86 Councilman MacAllister invited everyone to the Boys Club Annual Auction to be held Friday, February 7, 1986. BOLSA CHICA LINEAR PARK Councilman MacAllister referred to a letter from Robert G. Fisher, Director of Planning, EMA, regarding "1966 Planning Activity on the Bols.a Chica Local Coastal Program" as it relates to the Linear Park and which stated that the Board of Supervisor's on December 18, 1985 unanimously approved the Bolsa Chica Local Coastal Program (LCP) Land Use Plan with the modifications required by the Coastal Commission. Councilman MacAllister requested staff to stay up-to-date on the matter. PFC MEMBERSHIP - REQUEST TO AGENDIZE FOR 2/3/86 COUNCIL MEETING Councilman MacAllister stated his concern that Mr. Wamhoff is listed as a Director in the minutes of the Public Facilities Corporation meetings. He requested the matter be considered at the February 3, 1986 Council meeting. HUNTINGTON BEACH PROMOTION STUDY In response to an inquiry from Councilman MacAllister, the City Administrator stated that action was being taken on portions of the huntington Beach Promo- tion study and that perhaps the committee could meet again at a later date. BEACH BLVD SUPER STREET - PUBLIC HEARING SCHEDULED 2/3/86 Councilman MacAllister informed Council he had Super Street books available and that he supported all of the project except the proposed flyover at Warner Avenue. The City Administrator informed Council that the public hearing on the Super Street was scheduled for February 3, 1986. CENTRAL PARK AMPHITHEATER Councilman Thomas cited problems the City of Costa Mesa was experiencing in connection with their amphitheater and stated his concern regarding the pro- posed amphitheater to be located in Huntington Beach Central Park. GARDENERS ASSOCIATION REPORT RE LEAF BLOWERS - REFERRED TO STAFF Councilman Thomas gave the City Administrator a packet of material from the Southern California Gardener's Association, Inc. outlining mitigating measures that could be adopted regarding back pack blowers used by gardeners. Council- man Thomas requested staff to review the impact on the City should an ordi- nance banning back pack blowers be enacted and that there be an alternate plan to meet such an eventuality. RESOLUTION N0. 5606 . ; A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH DISAPPROVING A NEWLY-ELECTED BOARD OF DIRECTORS OF THE HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION WHEREAS, the Huntington Beach Public Facilities Corporation Bylaws, as set out in Article V, Section 1, page 11, provide that the directors, elected or appointed in accordance with such bylaws shall be deemed approved unless a resolution of disapproval is transmitted to such corporation within thirty (30 ) days after the City Council has received notice of an election; and The Huntington Beach Public Facilities Corporation, by notice of November 27, 1985, has informed this Council that three (3 ) new members of the board of directors were elected and appointed on November 27, 1985, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington Beach that it hereby expresses its disapproval of the following named appointees : 1. William Wamhoff, Jr. 2. D. I . Nowlin 3. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 16th day of December, 1985. Mayor ATTEST: APPROVED AS TO FORM: City Clerk 12 _ _(,pity Attorney REVIEW ND APPROVED- 4 4� 15 ps/12/16/85 Res. No. 5606 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss: CITY OF HUM INGTON BEACH ) I, ALICIA M. WENTWORTH, the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council at a regular meeting thereof held on the 16th day of December 19 85 by the following vote: AYES: Councilmen: Kelly MacAllister. Bailey Mandic. Finley. Green. Thomas NOES: Councilmen: None ABSENT: Councilmen: None City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California Page 2 - Council Minutes - 12/13/85 PFC BOARD APPOINTMENTS - INTERVIEWS CONDUCTED - WIGHT/FABER - RESOLUTION TO BE. PREPARED Don Kiser, Secretary to the Public Facilities Corporation (PFC), reviewed the duties and responsibilities of Public Facility Corporation board members. In response to questions by Council, Mr. Kiser stated that Council had no con- trol over PFC funds. He stated there was approximately $4,500,000 in PFC funds. He stated that the PFC board had acted to hold two years in reserve and that they were actually required and must hold one year in reserve. Discussion was held regarding methods whereby a portion of the PFC funds could be returned to the city. Councilman MacAllister pointed out the need for new elevators in the Civic Center. Discussion was held between Council and Deputy City Attorney DeLaLoza regard- ing the legality of Mr. Wamoff retaining his position on the board. In response to questions by Council, Mr. Kiser stated that board members Stephen Wight, Lorraine Faber and Susan Newman would retain their seats on the PFC board unless Council adopted a resolution of disapproval within thirty days following their appointment. Discussion was held regarding the method of advertising for the vacant posi- tions. Council interviewed Stephen W. Wight. Council interviewed Lorraine Faber. Mayor Mandic informed Council that a -letter, with references, had been received from Susan Newman. Don Kiser informed Council regarding procedures followed when decisions were made by PFC board members in the past on requests from Council for funding of various projects. . Mayor Mandic requested a report from staff regarding the balance in the vari- ous PFC accounts and how much control the PFC has over those funds. In response to questions from Council Mr. DeLaLoza stated that a City Attorney Opinion, written two or three months ago, stated that when the new board mem- bers were elected the other positions on the board were eliminated. He stated that past board member Knowland had resigned his position when the three new board members were elected. Councilwoman Finley suggested that when Council accepts or rejects the new board members that Mr. Wamoff be rejected. Mr. DeLaLoza stated that, with a consensus of Council, Council could make recommendations to the PFC. Mayor Mandic directed staff to prepare a resolution of disapproval of PFC board members leaving the space for names blank; the resolution to be prepared for the December 16, 1985 Council meeting at which time Council will consider the approval or disapproval of PFC board members. Page 11 - Council Minutes - 11/18/85 The Director of Development Services presented a staff report. The City Clerk presented Urgency Ordinance No. 2811 for Council considera- tion - "AN INTERIM URGENCY ORDINANCE OF THE CITY OF HUNTINGTON BEACH PROHI- BITING ISSUANCE OF BUILDING PERMITS FOR THE CONSTRUCTION OF MORE THAN ONE UNIT DWELLING PER LEGAL BUILDING SITE WITHIN AN AREA PROXIMATE TO MAIN STREET BETWEEN ELEVENTH AND PALM STREETS." Following discussion, a motion was made by MacAllister, seconded by Kelly, to deny Urgency Ordinance No. 2811. the motion to deny carried by the follow- ing roll call vote: AYES: Kelly, MacAllister, Bailey, Finley, Green, Thomas NOES: Mandic ABSENT: None ORDINANCE NO 2804 - ADOPTED - PUBLIC LIABILITY INSURANCE FOR OVERLOAD VEHICLES The City Clerk presented Ordinance No. 2804 for Council consideration - "AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH AMENDING THE HUNTINGTON BEACH MUNI- CIPAL CODE BY AMENDING SECTION 10.32.200 RELATING TO PUBLIC LIABILITY INSUR- ANCE FOR OVERLOAD VEHICLES." On motion by Kelly, second Bailey, Council adopted Ordinance No. 2804, after reading by title, by the following roll call vote: AYES: Kelly, MacAllister, Bailey, Mandic, Finley, Green, Thomas NOES: None ABSENT: None URGENCY ORDINANCE NO 2810 - ADOPTED - AMORTIZATION OF NONCONFORMING ADULT ENTERTAINMENT BUSINESSES - EXTENDS TIME TO 6 4 86 The City Clerk presented Urgency Ordinance No. 2810 for Council considera- tion - "A URGENCY ORDINANCE OF THE CITY OF HUNTINGTON BEACH AMENDING HUNTING- TON BEACH ORDINANCE CODE SECTION 9754.1 TO FURTHER EXTEND TIME FOR AMORTIZA- TION OF NONCONFORMING ADULT ENTERTAINMENT BUSINESSES." (Extends to 6/4/86) On motion by MacAllister, second Kelly, Council adopted Urgency Ordinance No. 2810, after reading by title, by the following roll call vote: AYES: Kelly, MacAllister, Bailey, Mandic, Finley, Green, Thomas NOES: None AIISENT: None HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION - SELECTION OF DIRECTORS The City Clerk presented a communication from the City Attorney regarding the Huntington beach Public Facilities Corporation. A motion was made by Kelly, seconded by MacAllister, to approve the following action: t Page 12 — Council Minutes — 11/18/85 1. Direct the Secretary of the PFC to transmit copies of all applications for appointment as directors to the City Council for review forthwith. 2. Monitor the selection on November 27, 1985, for immediate approval or disapproval by the City Council. 3. Transmit recommendation to the PFC for a series of special meetings to accelerate the appointment and approval process outlined above. 4. Calendar special City Council meetings for the purpose of approving or disapproving appointees after each PFC meeting. The motion carried by the following roll call vote: AYES: Kelly, MacAllister, Bailey, Mandic, Finley, Green NOES: Thomas ABSENT: None JOINT LIABILITY INITIATIVE MEASURE Mayor Mandic informed Council that there was a petition being circulated on the joint/several liabilities and urged all citizens to sign the petition. .:y COUNCIL CHAMBER SLIDE EQUIPMENT Tt;e Mayor requested that staff test the slide projector before Council meet— ings. MANAGEMENT STUDY SESSION POLICE DEPT/CITY ATTORNEY'S OFFICE — CANCELLED Following discussion, a motion was made by Mandic, seconded by Kelly, to reconsider the motion made November 4, 1985 to schedule a study session for December 2, 1985 to review the Management Study of the Police Department and the City Attorney's Office. The motion to reconsider carried by the following roll call vote: AYES: Kelly, MacAllister, Mandic, Finley, Thomas NOES: Green, Bailey ABSENT: None A motion was made by Mandic, seconded by Kelly, to cancel the study session to review the Management Study of the Police Department and the City Attorney's Office. The motion carried by the following roll call vote: AYES: Kelly, MacAllister, ?Mandic, Finley, Green, Thomas NOES: Bailey ABSENT: None The Mayor requested that copies of the study be provided to Council as soon as they become available. It was suggested that a study session could be held following review of the study. f G Huntington Beach Public Facilities Corporation 17371 Gothard Street Huntington Beach, California 92647 JANUARY 8, 1986 HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION DATA SHEET PRESIDENT: Stephen W. Wight 714-833-8680 (work) 20731 Reef Lane 714-963-2992 (home) Huntington Beach, CA 92646 VICE PRESIDENT: Susan D. Newman 714-846-2038 (horue) 17102 Courtney Lane Huntington Beach, CA 92649 SECRETARY/TREASURER: Lorraine Faber 213-431-7040 (work) 15271 Nottingham Lane 213-431-9440 (work) Huntington Beach, CA 92647 714-897-3994 (home) DIRECTORS: William Wamhoff, Jr. 213-595-7531 (work) 18341 Pammy Lane 714-847-6383 (home) Huntington Beach, CA 92648 Alexander Bowie, Corporate Attorney 714-851-1300 4920 Campus Drive Newport Beach, CA 92660 Mary Lee, Trust Officer 213-228-4146 Bank of America National Trust and Savings Association 555 South Flower Street Los Angeles, CA 90071 �PLN P U B l/C.c Huntington Beach Public Facilities Corporation CZ INCORrORATaO 17371 Gothard Street Z NOVaMYaR :7.1970 rl cl� Huntington Beach, California 92647 04L IFORN�P January 13, 1986 To: Board of Directors From: Donald W. Kiser Subject: HBPFC Meeting Liason Please be advised that due to recent past differing personalities and philosophies of the Board and City Council; and the developments of the Board meetings into primarily financial and legal considerations, I have reassessed my duties to the City and the Department, together with providing primary meeting liason at the Board Meetings. I currently have approximately thirty construction projects in progress at one stage or another, in addition to providing administrative support for four Divisions of Public Works and administration of several large annual contracts for the City. The end result of the reassessment is that I do not have the time to effectively provide liason support to the board, particularly in the areas of finance and legal resolutions. I will continue to maintain the past historical records of the Corporation as well as the original and subsequent construction information records; and I will be more than willing to assist in answering any inquiries that the Board may have. Therefore, I will appreciate the Board's acceptance, welcoming, and cooperation with Dan Villella as the primary City liason for all Board Meetings as of your January 29, 1986 Meeting. Mr. Villella will be assigning a Recording Secretary from the Administrative Services Department to attend your meetings and prepare the Minutes, and I will provide him all the assistance that he feels may be necessary. I will appreciate your understanding that time and committments do have limits, and for one to perform effectively they must be appropriately matched and prioritized. Donald W. Kiser Asst. Sec. HBPFC - co 'J CITY OF HUNTINGTON BEACH IB p COUNCIL ADMINISTRATOR COMMUNICATION HUNTINGTON BEACH - - - � To HONORABLE MAYOR RUTH BAILEY and From RICH To B RNARD CITY COUNCILMEMBERS Asst. to City Administrator Subject Agenda Item J-la Date November 15., 1985 Huntington Beach Public Facilities .Corporation Please find attached a revised request for City Council action. Please insert this revised RCA in your agenda books for the November 18 'meeting. Thank you. RB:bb Attachment 4 . I I REQUES) FOR CITY COUNCIL ACTION Date November 6 , 1985 Submitted to: M or a C ity Council SubmittedbY G�utton,ity Attorney Prepared by: Subject: HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION Consistent with Council Policy? [x] Yes [ ] New Policy or Exception Statement of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: BACKGROUND: When the Huntington Beach Public Facilities Corporation was formed to issue the bonds and enter into the lease/leaseback, the city reserved no control over the corporation. This was rectified when an amendment to the by-laws was made early on. This amendment required approval of the directors by the Council. The Board of Directors have now overstayed their terms. All members of the Board have resigned except Directors Wamhoff and Nowlin. Wamhoff and ,Nowlin are required to nominate the successors. .gTATUS: Directors Wamhoff and Nowlin are proceeding to interview applicants for appointment to the vacant director' s position at the November 27, 1985, meeting of the Board. If they fail to do so, the city could prevail upon the courts to appoint provisional directors to perform Wamhoff and Nowlin' s duties, pursuant to the California Corporations Code. Since there are now only two directors, both of whom are on expired terms, it would seem that their sole duty would be to appoint one director on November 27, subject to the approval of the City Council. Once such director has been approved, he should appoint a second director, subject to approval , who shall thereafter ,join the first in appointing a third, and so on. This approach would require the resignation of Wamhoff and Nowlin upon approval of their first appointee. If this procedure is not followed , it may be deemed a breach of trust actionable under Corporations Code § 5142 which may be brought by the city. FUNDING SOURCE: Not applicable RECOMMENDED ACTION : Direct the secretary of the P.F.C. to transmit copies of all applica- ..ions for appointment as directors to the City Council for review forth- with. 2. Monitor the selection on November- 27, 1985, for immediate approval or disapproval by the City Council . P10 4184 Page Two RECOMMENDED ACTION, continued : 3. Transmit recommendation to the P .F.C. for a series of special meetings to accelerate the appointment and approval process outlined above. 4. Calendar special City Council meetings for the purpose of approving or disapproving appointees after each P.F.C. meeting. ALTERNATIVE ACTIONS: Allow the two remaining directors to appoint all directors, subject to Council approval and relinquish some of the control outlined above . s_ N PUBLIC Huntington Beach Public Facilities Corporation a g - P ? 1NcoRvowwTeo y 9-000 Main Street • Post Office Box 190 • Huntington Beach, California_92648 i NOVEMBER 27,1970 Zy * RESOLUTION NO. 86-04 CACIFORN�P A RESOLUTION OF BOARD OF DIRECTORS ESTABLISHING THE LOCATION OF THE PRINCIPAL OFFICE AND PROVIDING FOR THE DATES, HOUR, AND PLACE OF REGULAR MEETINGS WHEREAS, ARTICLE I, Section I of the Bylaws of the Huntington Beach Public Facilities Corporation authorizes the Directors to change the location of the principal_ office of the Corporation;.and WHEREAS, ARTICLE III, Section 5(A) of the Bylaws of the Huntington Beach Public Facilities Corporation authorizes the Directors to provide for the dates upon which and the hour and place at which regular meetings shall be held; NOW, THEREFORE, BE IT: RESOLVED, that the Board of Directors of the Huntington Beach Public Facilities Corporation, hereby does establish the Principal Office of the Corporation to be fixed and located at The Huntington Beach Central Library at 7111 Talbert, Huntington Beach, California 92648; RESOLVED, that the Board of Directors of the Huntington Beach Public Facilities Corporation, hereby does fix the dates, hour, and place of regular meetings to be on the last Wednesday of the first month of every quarter, commencing on January 28, 1987; to be at the hour of 4:00 P.M.; and to be within the Central Library of Huntington Beach, California. Dated: October 29, 1986 tephen,Wight, President ' Huntington Beach Public Facilities Corp. Dan T. Villella, Asst. Secretary Lorraine Faber, Secr tary Treasurer Huntington Beach Public Facilities Corp. Huntington Beach Public Facilities Corp. APPROVED AS TO FORM: Bowie, Arneson, Kadi and Dixon an Arneson, Attorney for H.B.P.F.C. 2695j N PUBL/C�q� �ozs, Huntington Beach Public Facilities Corporation Q INCORPORATED M 2000 Main Street • Post Office Box 190 • Huntington Beach, California 92648 i NOVEMBER 27.1970 - rZ�y cALIFORptP AMENDMENT TO THE BYLAWS OF THE HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION The following Amendment to the Bylaws of the Huntington Beach Public Facilities Corporation was effected by a motion, duly seconded, and unanimously approved by the Board of Directors at the regular adjourned meeting of December 8, 1986. ARTICLE III, Section 3, Pages 6 and 7, entitled Election and Term of Office shall be amended to read as follows: Elections and Terms of Offices. The term of office of each Director shall be three years and the terms shall be staggered so that one or more Directors shall be elected at each annual meeting of the members held in June, provided (1) if any such June meeting is not held or Directors are not elected thereat, the Directors may be elected at any adjourned meeting or at any special meeting of the members held for that purpose, and (2) if the authorized number of Directors is increased by an Amendment to Section 2 of this Article, additional Directors shall be elected by the members at a regular or special meeting held at the time of, or as soon as possible following, such amendment, and (3) at the scheduled or adjourned meeting of June 1987, the Directors elected at such meeting shall, promptly following such election, classify themselves by lot into three groups, which shall have terms of office as follows: One (1) year term for one Director, two (2) year term for two Directors, and three (3) year term for two Directors, and (4) elections thereafter shall be for three year terms and shall be held to fill that number of member positions expiring in a given year. Directors shall hold office until their respective successors are elected. Election of Directors shall be by ballot if so demanded by any member at any election before the voting begins; otherwise, the election may be made by voice vote. Every member shall have the right to cumulate his votes at an election of Directors and give one candidate a number of votes equal to the number of Directors to be elected multiplied by the number of votes on the same principal among as many candidates as he shall think fit. The candidates receiving the highest number of votes up to the number of Directors to be elected shall be elected. Dated: December 8, 1986 2854j ��PLN PUBLIC Huntington Beach Public Facilities Corporation g V• INCORPORATED X 17371 Gothard Street z NOV[M�[R 2,,t�70 Cos Huntington Beach, California 92647 � ty ao`' CAL IF GOO, RESOLUTION NO. 86-01 A RESOLUTION OF THE BOARD OF DIRECTORS ESTABLISHING THE LOCATION OF THE PRINCIPAL OFFICE AND PROVIDING FOR THE DATES, HOUR, AND PLACE OF REGULAR MEETINGS WHEREAS, ARTICLE I , Section 1 of The Bylaws of The Huntington Beach Public Facilities Corporation authorizes the Directors to change the location of the principal office of the Corporation; and WHEREAS, ARTICLE III , Section 5(A) of The Bylaws of The Huntington Beach Public Facilities Corporation authorizes the Directors to provide for the dates upon which and the hour and place at which regular meetings shall be held; NOW, THEREFORE, BE IT: RESOLVED, that The Board of Directors of The Huntington Beach Public Facilities Corporation, hereby does establish the Principal Office of The Corporation to be fixed and located at The Civic Center of The City of Huntington Beach, at 2000 Main Street, P.O. Box 190, Huntington Beach, California 92648; RESOLVED, that The Board of Directors of The Huntington Beach Public Facilities Corporation, hereby does fix the dates, hour, and place of regular meetings to be on the last Wednesday of every month, commencing on March 26, 1986; to be at the hour of 4:00 P.M. ; and to be within The Civic Center of The City of Huntington Beach, California. Dated: February 26 1986 i Presi nt, H.B.P.F.C". Secretary, H.B.P.F.0 ATTES?��'" �� APPROVED .AS TO FORM: -�r�:/� BOWIE & ISLEY Dan Villella Assistant Secretary, H.B.P.F.C. Attorney f r H.B.P F.C. 4 BOWIE & RISLEY A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS 4920 CAMPUS DRIVE NEWPORT BEACH, CALIFORNIA 92660 ALEXANDER BOWIE' AREA CODE 714 ROBERT L. RISLEY* JOAN C. ARNESON TELEPHONE 851-1300 TERRY E. DIXON WILLIAM J. KAOI REF. OUR FILE ROBERT A. ANDERSON PATRICIA B. GIANNONE ROBERT E. ANSLOW *A PROFESSIONAL CORPORATION February 3, 1986 Mr. Donald W. Kiser Assistant Secretary Huntington Beach Public Facilities Corporation 17371 Gothard St. Huntington Beach, CA 92647 Re: Resolution No. 86-01; Brown Act Dear Mr. Kiser: In response to your letter to the undersigned of January 31, 1986, we have reviewed the draft Resolution No. 86-01, which pertains to establishing the date, hour, place of regular meetings of the Board of Directors of the Corporation and have executed the original of that Resolution approving it as to form. In this regard, enclosed is the original Resolution. Yours very truly, BOWIE & RISLEY By Terry Dixon TED:dv enclosure 0 • 11T CITY OF HUNTINGTON BEACH .� INTER-DEPARTMENT COMMUNICATION HUHrn+ spa+ HONORABLE MAYOR RUTH BAILEY AND GAIL HUTTON To MEMBERS OF THE CITY COUNCIL From City Attorney Subject TEXT OF ORAL OPINION IN Date 18 June 1985 REGARD TO THE P.F.C. AND THE EXPIRED TERMS OF THE DIRECTORS I have reviewed the below listed documents relating to the Public Facilities Corporation: 1. The Articles of Incorporation 2. The By-laws :3. Minutes of past meetings 4 . Relevant portions of the California Corporations Code in re: Non-Profit public corporations It is my opinion that the Corporation is required by law and its by-laws (copy of by-laws and amendments attached) to annually elect five (5 ) new directors and seek the approval of the City Council of their selection and that this has not been done since 1977. This omission means that none of the directors lawfully hold office at the present time. To compound the problem, it should be noted that the California Corporations Code sets an absolute maximum for the term for Directors to 3 years . California Corporations Code �5220 (attached ) . To correct this situation, maintain the continuity of the Corporation and to allow the corporation to conduct its business, the four (4 ) Directors whose terms have expired should convene and elect five (5 ) new Directors. The names of the Directors so elected shall be submitted to City Council for approval as provided in the by-laws (Article V, Section 1, Page 11 ) . It should be r}oted that neither case law, the statute law or the legal writers suggest a solution when all Directors have exceeded their term of office, however, the rule of common sense and necessity dictates the recommended course of action. r Honorable Mayor a__s Members of the City Coui, L 1 Expired Terms of P.F.C. Directors June 18, 1985 Page Two California Corporations Code §5220(b) does provide that each director shall hold office until his successor is elected and qualified. In the case of a hold-over director the tenure of hold-over directors should be limited to the amount of time necessary to hold an election and obtain council approval . I have discussed this proposed procedure with attorneys in the Attorney General' s office. They agreed that this was the only reasonable course of action available to cure the problem short of a legal proceeding to determine the rights of the parties which would be a quo warranto action. GAIL HUTTON City Attorney cc: Charles W. Thompson, City Administrator Honorable Chairman Nowlin and Members of the Hurtincton Beach Public Facilities Corporation Robert Franz, Chief of Administrative Services Rich Barnard, Assistant to the City Administrator Don Riser, Secretary to the P.F.C. Alicia Wentworth, City Clerk Attachments: California Corporations Code §5220 PFC By-laws and Amendments � w -_ - Review of sd= Amended Stars 1991 ch S87 4. I Review,d 1981 t981 Amendment Adds' subd (c)• _ 5221. Gm Review-of 1981 Ixtisiatim 13 Pac li 384. The board 7 of unsound 5220. Election and selection of directors; Term of office found by a i (a) Except as provided in subdivision (d), directors shall be elected for such under Anti. terns, not longer than three years, as are fixed in the articles or bylaws. director is i However, the terms of directors of a corporation wltbout members may be missing a s up to six-years. In the absence of any provision in the articles or bylaws, the ! number of r term shall be one year. No amendment of the articles or bylaws may extend Amended Stan the term of a director beyond that for which the director was elected, nor ` w.e■dne.= 4 may any bylaw provision increasing the terms of directors be adopted M A.e.aOM without approval of the members (Section 5034). any be n ° vee ' (b) Unless the articles or bylaws otherwise provide; each director, including °1OGt a director elected to fill a vacancy, shall hold office until the expiration of i the term for which elected and until a successor has been elected and § 5.'.22- Rea qualified- (a) Subject (c) The articles or bylaws may provide for the election of one or more may be rem directors b± the members of any class voting as a class.' - ( (1) In a cor (d) Subdivisions (a) through Cc) notwithstanding, all or any portion of the by a majori- directors authorized in the articles or bylaws of a corporation without { (2) In a ccr jmembers and up to one-third of the-directors authorized in the articles or iby the mem I.- bylaws of a corporation with members, may hold office by .virtue of (3) Ina ec w designation or selection as provided by the articles or bylaws rather than by b) election by a member or members. Such directors shall continue in office for (b) E Ex of t the term prescribed by the governing article or bylaw provision, or, if there x ,= is no term prescribed, until the governing article or bylaw provision is duly (1) In a co- amended or repealed, except as provided in subdivision (e) of Section 5222. cumulate th A bylaw provision authorized by this subdivision may be adopted, amended, j may be r= or repealed only by approval of the members (Section 5034), subject, .if so 1 against rem provided in the bylaws, to the consent of the sufficient to p person or persons entitled t_o ` �e same tc designate or select any such director or directors. - f (e) In computing the one-third limit set forth to subdivision (d) the I numbeWrItter of bay. numbe following directors shall not be counted either as designated or selected directors or as authorized directors: - _ - - - _ - election b (2) Whenb. (1) Directors designated or selected by a government office; board, commis- class, voting sion, department, agency or political subdivision. _ - --= - is ,` a cam cm RPOItATIONS CODE CORPORATIONS CODE (2) Directors designated or selected by a person who is elected by the except that neither members as an officer of the corporation. - - concurrently as the • (3) Directors appointed to fill vacancies on the board created by the death, laws, officers shall be resignation or removal of directors. board, subject to the wmedaad ' 1M ch 1155 ;s:State 1982 ch 5s7 4 s. _ )1Dyment Any officer 19�0 Amended subs (d) b, adding (1) -by a —mt-ar members' at the and d the first corporation Without sentea=and tT the hat seated=- rider any contract to lit AmendamOt(1)Added the second seated«of subd (ak(7)deleted the former last snatches of MW (d) which red: -T%e article or bylaws d a corporatitsa w�ithart member may prt�vidc that direecots may be e1st� are a mote terms of ap to sin years :add (3)mbsutated the mtroducu" dattse of if any officers by the _ _ )e one year unless the subd ic)for the forme introductor7r wihich read "Ibe one-third limit set forth in subdivision (� :ba11 not exceed three- does am apply to:-. - _ Review of selected 1979 California I.epslation. 11 Pacific L7 307- r � BYLAWS OF HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION ARTICLE I . Principal Office Section 1. Principal Office. The principal office of the Corporation is hereby fixed and located at The City Hall, Huntington Beach, California 92648 . The Board of Directors is hereby granted full power and author- ity to change said principal office from one location to another in the County of Orange. Any such change shall be noted by the secretary opposite this section, but shall not be considered an amendment of these Bylaws. ARTICLE II . Members Section 1. Classification of Members. There shall be but one class of members of the Corporation, and the rights , powers and privileges of all members shall be equal . Section 2. Qualification of Members ; Termin- ation of Membershia. The persons who are directors of this Corporation from time to time shall be the only members of the Corporation, and upon ceasing to be a director of this Corporation such person shall also cease to be a member. Section 3. Meetings of Mergers. A. Regular Meetings . The Corpora- tion shall provide for its regular meetings ; provided that it shall hold at least one regular meeting in each year. The dates upon which and the hour and place at which any regular meeting shall be held shall be fixed by resolution. B. Ralph M. Brown Act. All meet- ings of the Corporation, including without limitation, regular, adjourned regular and special meetings, shall be called, noticed, held and conducted in accordance with the provisions of the Ralph M. Brown Act (commencing with Section 54950 of the Government Code of the State of California) . 2. r Section 4 . Quorum. The presence in person or by proxy of a majority of the members of the Cor- poration shall constitute a quorum for the transaction of business at any meeting of members . Section 5. Voting. The voting rights of the members of this Corporation shall be equal. In the election of directors each member shall be entitled to cumulate his votes as set forth in Section 3 of article II of these Bylaws . Section 6. Property Rights . The members of this Corporation shall have no property rights in the assets of this Corporation, upon dissolution or other- wise. ARTICLE III. Directors Section 1. Powers . Subject to limitation of the Articles of Incorporation, of the Bylaws , and of the California General Nonprofit Corporation Law as to action to be authorized or approved by the members , and subject to the duties of directors as prescribed by the Bylaws, 3. w all powers of the Corporation shall be exercised by or under the authority of, and the business and affairs of the Corporation shall be controlled by, the Board of Directors. Without prejudice to such general powers , but subject to the same limitations , it is hereby expressly declared that the directors shall have the following powers, to wit: First -- To select and remove all the other officers, agents and employees of the Corporation, prescribe such powers and duties for them as may not be inconsistant with law or the Articles of Incorporation or the Bylaws, fix their compensation and require from them security for faithful service. Second -- To conduct, manage and con- trol the affairs and business of the Corpora- tion, and to make such rules and regulations therefor not inconsistant with law or the Articles of incorporation or the Bylaws , as they may deem best. 4. Third -- To borrow money and incur indebtedness for the purposes of -he Corporation, and to cause to be executed and delivered therefor, in the name of the Corporation, promissory notes, bonds , debentures, deeds of trust, mortgages , pledges, hypothecations or other evidences of debt and securities therefor. Fourth -- To appoint an Executive Committee and other committees , and to delecate to the Executive Committee any of the power and authority of the Board of Directors in the manacertent of the business and affairs of the Corperation, except the power to adopt, amend or repeal Bylaws. Section 2. Number and Qualification of Directors. The authorized number of directors shall be rive (5) , until changed by amendment of these Bylaws duly adopted by the members amending this Section. All Directors shall be residents of the City of Huntington Beach. 5. Section 3. Election and Term of Office. The directors shall be elected at each annual meeting of the members; provided (1) if any such annual meet- ina is not held or directors are not elected thereat, the directors may be elected at any special meeting of the members held for that purpose, and (2) if the authorized number of directors is increased by an amendment to Section 2 of this Article, additional directors shall be elected by the members at a special meeting held at the time of, or as soon as possible following, such amendment. Directors shall hold office until their respective successors are elected. Elec- tion of directors shall be by ballot if so demanded by any member at any election before she voting begins ; otherwise, the election may be by voice vote. Every member shall have the richt tc cumulate h'6.s votes at an election of directors and to give one candidate a number of votes equal to the number of directors to be elected multiplied by the number of votes which he is entitled to cast, or to distribute his votes on the same principal among as many candidates as he shall think fit. The candidates receiving the highest number of 6. votes uo to the number of directors to be elected shall be elected. Section 4 . Vacancies. Any vacancy in the Board of Directors caused by the death or resignation of any director, or in any other manner, may be filled by a majority of the remaining directors or by a sole remaining director. 11L the Board of Directors accepts the resignation of a director tendered to take effect at a future time, the Board shall have the power to elect a successor to take office when the resignation ;s to become effective. Section 5, Meetincs. A. Rerular Meetinas . The Cc:- poration shall provide for its regular meetings ; pro- vided that it shall hold at least one regular meeting each year. The dates upon which and the hour and place at which any regular ^ieeting shall be held stall be fixed by resolution. B. Ralph M. Brown Act. All meetings of the Corporation, including without limita- tion., regular, adjourned regular and special meetings, 7. shall be called, noticed, held and conducted in accord- ance with the provisions of the Ralph X. Brown Act (commencing with Section 54550 of the Government Code of the State of California) . Section 6. Quorum. A majority of the authorized number of directors or three (3) directors , whichever number is greater, shall be necessary to constitute a quorum for the transaction of business . Every act or decision done or made by a majority of the directors present at a meeting duly held at which a quorum is present, shall be regarded as the act of the Board of Directors unless a greater number be re- quired by law or by the Articles of incorooration . ARTICLE IN'. Officers Section 1. Officers. The officers of the Corporation, who may also be directors, shall be a president, a vice president, a secretary and a treasurer . :'he Corporation may also have , at the discretion of the Board of Directors, one or more additional vice presidents , 8. one or more assistant secretaries , one or more assistant treasurers, and such other officer as may be appointed by the Board of Directors . person may hold two or more offices, except those of president and secretary. Section 2 . Election. The officers shall be chosen annually by the Board of Directors and each shall : hold his office until he shall resign, be removed, or otherwise disqualified to serve, or iiis successor shall be elected and qualified. Section 3. Removal and Resignation. Any officer may resign, or may be removed with or without cause by the Board of Directors at any time. Vacancies caused by death, resignation or removal of any officer may be filled by appointment by the Board of Directors , or by the president until such appointment by the Board of Directors. Section 4 . President. The president shall be the executive officer of the Corporation, and subject to the control of the Board of Directors , shall have general supervision, direction and control of the affairs of the Corporation. He shall preside at all meetings of members and meetings of the Board of Directors . Section 5. Vice President. in the absence or 0 disability of the president, the vice presidents in order of their rank as fixed by the Board of Directors or, if not ranked, the vice president designated by the Board of Directors , shall perform all the duties of the president, and when so acting shall have all the powers of, and be subject to all the restrictions upon, the president. The vice presidents shall have such other powers and perform such other duties as from time to time may be prescribed for them respectively by the Board of Directors or the Bylaws. Section 6. Secretary. The secretary shall keep at the principal office of the Corporation a book of minutes of all meetings of directors and members, with the time and place of holding, how called or authorized, the notice thereof given, the names of those present at directors ' meetings, the nwmber of members present or represented at members ' meetings , and the proceedings thereof . Section 7. Treasurer. The treasurer shall keep and maintain adequate and correct books of account showing the receipts and disbursements of the Corporation, and an account of its cash and other assets , if any. Such books of account stall at reasonable times be open 10. to inspection by any member or director. The treasurer shall deposit all monies of the Corporation with such depositaries as are designated by the Board of Directors, and shall disburse the funds of the Corporation as may be ordered by the Board of Directors , and shall render to the president or the Board of Directors , upon request, statements of the financial condition of the Corporation. ARTICLE V. City of Huntington Beach Section 1. Approval of Directors . The City Council of the City of Huntington Beach shall approve the appointment or election of all Directors of this Corporation. Such approval shall be by minute order or resolution. Section 2 . Notice of Meetings . Notice of all meetings of the Board of Directors shall be given to the City in writing in the sane manner as notices are given to the Directors of this Corporation. Notices shall be directed to the City Manager, P. 0. Box 190 , Huntington Beach, California 92648 . Failure to give such notice shall not in any way invalidate any action taken by the 11. Board of Directors at any such meeting. Notice of action taken without a meeting in accordance with Sec- tion 8 of Article II hereof need not be given. Section 3. Participation of the City. Officers of the City of Huntington Beach shall have the right to attend meetings of the Corporation 's Board of Directors and make recommendations to the Board. ARTICLE VI . Miscellaneous Section 1. Execution of Documents. The Board of Directors may authorize any officer or officers, agent or agents, to enter into any contract or execute any instrument in the name of and on behalf of the Corporation and such authority may be general or confined to specific instances ; and, unless so authorized by the board of Directors , no officer, agent or other person shall have any power or authority to bind the Corporation by any contract or engagement or to pledge its credit or to render it liable for any purpose or to any amount. Section 2 . Inspection of Bylaws . The Corporation shall keep in its principal office the original or a copy of these Bylaws , as amended or otherwise altered to date, 12. certified by the secretary, which shall be open to in- spection by the members at all reasonable times during Office hours. Section 3 . Annual Report. The annual report referred to in Section 3006 of the Corporation Code of California is expressly dispensed with. Section 4 . Construction and Definitions. Unless the context otherwise requires , the general pro- visions , rules of construction and definitions contained in the California General Nonprofit Corporation Law shall govern the construction of these Bylaws . ARTICLE VI I. Amendments Section 1. Powers of Members. New Bylaws may be adopted or these Bylaws may be amended or repealed by the vote of members entitled to exercise a majority of the voting power of the Corporation, or by the vote of a majority of a quorum at a meeting of members duly called for the purpose, except as otherwise provided by law or by the Pxticles of Incorporation. 13. Section 2. Power of ri ectors . Subject to the right of the members as provided in this Article to adopt, amend or repsai'-.Bylaws , any Bylaw other than a Bylaw or amendment thereof changing the authorized number of directors may be adop d, amended or repealed by the Board of Directors . 14 . Or THE illi N-, I t4-U-10N Iiuf:vl, PUDLIC FAC'J LITIES COr CRAT10N , he ;"ol-lowing Amendments to the Bylaws of the '-l_,ntington Beach �.,'.. : 4'a' i lities Corporation we duly motioned, seconded , and u'.. r.� m! u� '} a}-proved by a quorua^, of the Board of Directors at the };ef-.11ar Mleeting of October 29, 1975• ! 11 - Section 2, Page 5 - ?:umber and Qua i`'ication of Add t0 the last line - �' a- rile time of appointment" . :�! r f re , in its entirety, Section 2 of Art is le -M shad be .:'•1'?i•,Cl�"� Lo read as follows. 1..,ml er and nualific2tion of Directors. The authorized number jJ-re c- _)rs shall be five (5 ) , until changed by amendment of these du'} ' =adopted by the members amending this Section. All :}j r-�' _ r. h l' be reS1Jents of the City of Huntin€tor. Beach at the appointment . , ..;e V 1 , rage 11 - Aprroval of D r.cL:>r= Sec'_ o:. 1 s=� 1 be ae_eted ar, a1 d replaced as _c_lows : re to"s Directors , elected or appoin-.t::d in Y 1,i. ',hc-' :,'laah s of ;,hQ Corpoy-atlon, acid _.. accor:a:.Ce V1•%i0? C> _ he ?.ri:i^.le: Of 1.',COr D�rat1U:: !! it tire' `i` i nr- on Beach ?UG1_c Facilities Corp::rat�on ., . ,, !.. c'.. i nlembt� : : of the Corporation, sh211 be oeeme� approved ! 'r ^•r.-i)I,C O: the City Of Hun' �riFtCri tj�o^r , va �1f orr.ia, -1 r save:Dyed by P.esclution transmitted or delivered t �i I+' -r i•rr C'` ile Huntinaton, Rear Fu 'l-c Facilities Corporation , days after 1�oti ce of sucl; elector: or arnointment Any elected or appointed Director shall serve or Director and n,r;m;:e, Corp oration i1r elution of Dls; pproval has he'.• re:eyed and o... ci oI' Directors of the B0. Ch ?-bl-c t A11 LctJ7,"l5 of an. C ;CC . e.� Or a�-n ,in C: I ,rr .`;'.dct, time u tC;!: );1. .. 11i:.'y i ` feet votes of those members of tire Board , excluding �PLH PUB(�C� : 0 q o�. Huntington Beach Public Facilities Corporation -INCORPORATED inPost Office Box 190 . Huntington Beach, California 92648 - Npy[1ASER ,7.1970 r On , �y �a RESOLUTION NO. �A(IF QFN�P BOARD OF DIRECTORS A RESOLUTION OF THE BOARD OF DIRECTORS It. Dudley Boyer ESTABLISHING THE 'LOCATION OF THE PRINCIPAL IUyrnond Bunker OFFICE AND PROVIDING FOR THE DATES, HOUR, Brander D.Cattle AND PLACE OF REGULAR MEETINGS Lam L.Curran Robert N.Polir `-'r.EREAS, ARTICLE I , Sect ion 1 of The Bylaws of The Hurst_ ington Beach, Public Facilitses Corporation authorizes the Directors to change the location of the principal office of the Corporation; and WHEREAS, ARTICLE III , Section 5 (A) of The Bylaws of The Huntington Beach Public Facilities Corporation authorizes the Directors to provide for the dates upon which and the hour and place- at which regular- meetings shall be held; , N0v , THEREFORE, BE IT RESOLVED, that The Board of Directors of The Huntington Beach Public Facilities Corporation, hereby, establish the Pr1nc-i pal Office of The Corporation to be fired and located at The Corporation Yard of The City of Huntington Beach, at 17371 Gotha.rd Street , P.O. Box 190, Huntington Beach, California, 92648; RESOLi'ED, that The Boards of Directors of The Huntington Beach Public Facilities Corporation, hereby, fix the dates, hour, and place of regular meetings to be on the last Wednesday of every other month, commencing the count on April 28, 1976; to be at the hour, of 3 :00 P.M. ; and to- be within The Administration Building of The Corporation Yard, of The City of Huntington Beach, Calif ornia. Dated President ,- H.B.P.F. C. .5ecretary,,- H.B-.P:F.C. ATTEST: Donald' W. Kiser' Assistant Secretary, `H PUB(�C o� Huntinaton Beach Public Facilities Corporation L7 INCOQ�OFI•TED Post Office Box 190 Huntington Beach, California 92648 NOVEMBER 27.1970 oy Sao 4'A(IFORN�P BOARD OF DIRECTORS R.Dudley Boyce Raymond Bunker Brander D.Critic Larry L.Curran Robert n.PoDy HAIVER OF NOTICE OF =MPING OF THE BOARD OF DIRECTORS OF THE HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION FOR THE PURPOSE OF AMENDING BYLAWS AND APPOINTING NEW DIRECTORS. The undersigned R. Dudley Boyce , Raymond Bunker, Brander D. Castle , and Larry L. Curran, being Directors of The Huntington Beach Public Facilities Corporation, hereby waive notice of and consent to the holding of a regular meeting of the Board of Directors held in the City of Huntington Beach, California, on April 28 , 1976 , at 3 :00 P.M. Further, the undersigned hereby ratify the actions of the indi— vidual Directors in their amending the Bylaws, and in their appoint— ment of new Directors to fill vacancies on the Board. This ratification shall have retroactive effect to the time when the action by the individual members of the Board was originally ` taken. The undersigned further direct that this waiver, consent, , and ratifications be part of the minutes of the April 28, 1976 meeting for the purpose of confirming that any business transacted at the meeting is as valid as though made at a meeting duly held after regular call and notice. Director Date Director Date Director Date Director Date "ENDKE;NTS TO THE BYLAWS OF THE HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION The following Amendments to The Bylaws of The Huntington Beach Public Facilities Corporation were effected by a motion, duly seconded, and unanimously approved by a quorum of The Board of Directors at the regular meeting of April 28, 1976. ARTICLE VII ,• Section 2 , Page 14, entitled Power. of Directors shall be repealed in its entirety and omitted from the Bylaws. ARTICLE III, Section 2, Page 5 , erti�led Number and Qualification of Directors ; and amended on October y, s 75 , snail be amended to read as follows: Number and Qualification of Directors. The authorized number of Directors snail ne seven M , until cnanged by amendment of these Bylaws duly adopted by the members amending this Section. All Directors shall be residents of The City of Huntington Beach at the time of their appointment. Dated: April 28, 1976 CD �'�, Huntington Beach Public Facilities Cor oration m 17371 Gothard S* reet ,o 'lHuntington Beach , California 92647 Qa AlMEP DRENT TO THE B`_'LAVIS OF THE HU2TIN3TON BEACH PUBLIC FACILITIES CORPORATION The following I-Qnendment to the Bylaws o"LE The Huntington Beach Public Facilities Corporation was effected by a motion , duly seconded, and unanimously approved by a quorum of The Board of Directors at -the regular meeting of May 30 , 1979 . ARTICLE III , Section 2 , Page 5 , entitled Number and �„>.:alification of Directors ; amended on October 29 , 1975 , and amended on April 28 , 1976 ; shall be amended to read as follows : Number and Qualification of Directors. The authorized number nf. Directors shall be five (5) , until changed by amendment of these Bylaws duly adopted by the members amending this Section. All Directors shall be resident-. of T;�e C1ty of Huntington Beach V the time of their appointment. Dated : May .30 , 1979 SUMMARY OF INFORM .TION PEGRPOINr H.B.P.F.C. DIRECTORS DATE OF DATE OF DATE OF DATE OF DIRECTOR APPOINTMENT RESIGNATION ACCEPTANSE APPLICATION/RESUME RESIGNATION LETTER NOTES Donald R. Hodgman 11-27-70 01-25-71 Incorporating '"irec Stephen J. Stern 11-27-70 01-25-71 " Frederic P. Sutherland 11-27-70 01-25-71 " William D. Armstrong 01-25-71 10-29-75 01-07-71 10.-14-75 R. Dudley Boyce 01-25-71 03-30-77 June 1971 03-17-77 Larry L. Curran 01-25-71 02-23-77 02-23-77 William Ritter 01-25-71 08-25-71 08-14-71 Darrell Ward 01-25-71 10-29-75 11-16-71 10-03-75 Robert Polly 10-27-71 02-25-76 Raymond Bunker 10-29-75 03-30-77 Brander Castle 10-29-75 10-26-77 09-28-77 went to 7 Ruth Bailey 04-28-76 04-26-78 03-24-76 04-20-78 04-28-76 members Jerry Sapp 04-28-76 05-29-35 05-20-85 James R. Wheeler 04-28-76 05-04-76 (N/A) Declined Dennis De La Paz 07-28-76 08-25-76 07-21-76 08-25-76 X Mary Ellen Houseal 10-27-76 07-29-76 1 Alexander Bowie 10-27-76 10-21-76 Retained Attorney William R. Wilson 03-20-77 05-30-79 04-03-79 5-30-79 back to 5 X William F. Wamhoff, Jr. 03-30-77 03-28-77 members X Anton Teixeira 03-30-77 03-22-77 X D. L. Nowlin 01-25-78 11-09-77 -low G9 pFc CITY OF HUNTINGTON BEACH INTER-DEPARTMENT COMMUNICATION HUNTINGTON BEACH To HONORABLE MAYOR ROBERT MANDIC From GAIL HUTTON AND MEMBERS OF THE CITY COUNCIL City Attorney Subject PUBLIC FACILITIES CORPORATION Date December 16, 1985 Resolution & & 00� Attached is the resolution requested at your meeting of December 13, 1985. y� A� qioL AIL H TON City Attorney Attached fr - RESOLUTION NO. 5606 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF _ HUNTINGTON BEACH DISAPPROVING A NEWLY—ELECTED BOARD OF DIRECTORS OF THE HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION WHEREAS , the Huntington Beach Public Facilities Corporation Bylaws, as set out in Article V, Section 1, page 11, provide that the directors, elected or appointed in accordance with such bylaws shall be deemed 'approved unless a resolution of disapproval is transmitted to such corporation within thirty (30 ) days after the City Council has received notice of an election; and The Huntington Beach Public Facilities Corporation, by notice of November 27, 1985, has informed this Council that three (3 ) new members of the board of directors were elected and appointed on November 27, 1985, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington Beach that it hereby expresses its disapproval of the following named appointees : 1. William Wamhoff, Jr. 2. D. I . Nowlin 3. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 16th day of December, 1985. Mayor ATTEST: APPROVED AS TO FORM: City Clerk _&ty Attorney REVIEW ND APPROVED- 47,04 i y ps/12/16/85 �w Res. No. 5606 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I , ALICIA M. WENTWORTH, the duly elected, qualified City Clerk of the City of Huntington beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council at a regular meeting thereof held on the 16th day of December 19 85 by the following vote: AYES: Councilmen: Kelly, MacAllister, Bailey, Mandic. Finley. Green. Thomas NOES: Councilmen: None ABSENT: Councilmen: None City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California RESOLUTION N0. 5606 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH DISAPPROVING A NEWLY-ELECTED BOARD OF DIRECTORS OF THE HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION WP:EREAS, the Huntington. Leach Public Facilities Corporation Bylaws, as set out in Article V, Section 1, page 11, provide that the directors, elected or appointed in accordance with such bylaws shall be deemed approved unless a resolution of disapproval is transmitted to such corporation within thirty (30 ) days after the City Council has received notice of an election; and The Huntington Beach Public Facilities Corporation, by notice of November 27, 1985, has informed this Council that three (3 ) new members of the board of directors were elected and appointed on November 27 , 1985, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Huntington Beach that it hereby expresses its disapproval of the following named appointees : 1. William Wamhoff, Jr. 2. D. I . Nowlin 3. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 16th day of December, 1985. Mayor ATTEST: APPROVED AS TO FORM: i City Clerk Attorney / REVIEW~ ND APPROVED• y ps/12/16/85 • y Res. No. 5606 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) s s: CITY OF HUNT INGTON BEACH ) I , ALICIA M. tdENTWORTH, the duly elected, qualified City Clerk of the City of Huntington beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council at a regular meeting thereof held on the 16th day of December 19 85 by the following vote: AYES: Councilmen: Kelly. MacAllister. Bailey. Mandic. Finley. Green, Thomas NOES: Councilmen: None ABSENT: Councilmen: None City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California REQUEoT FOR CITY COUNC..,- ACTION Date T)Pt--PmhPr 120 19R5 Submitted to: Honorable Mayor and City Council Submitted by: Charles W. Thompson, City Administrator Prepared by: Richard Barnard, Assistant to the City Administrator Subject: APPROVAL OF CANDIDATES FOR THE PUBLIC FACILITIES CORPORATION BOARD OF DIRECTORS Consistent with Council Policy? [ Yes [ ] New Policy or Exception Statement of Issue, Recommendation,Analysis, Funding Source, Alternative Actions, Attachments: STATEMENT OF ISSUE: The remaining members of the Public Facilities Corporation's outgoing Board of Directors has submitted three names to the City Council for approval to sit as new members of the Public Facilities Corporation Board of Directors. A Decision by the City Council approving or disapproving these candidates is needed by December 27th. No action by the City Council within 30 days of the notice of election or appointment of individuals by the PFC Board will result in the three individuals recommended for the Board of Directors of the PFC to be automatically approved. RECOMMENDATION: Approve or disapprove one or more of the candidates recommended by the Public Facilities Board of Directors. ANALYSIS: The remaining PFC Board Directors, in an action taken November 27, 1985, selected and submitted three candidate names to the City Council for consideration and approval as new PFC Board Directors. The City Council may take action to approve one or more of the three candidates or to disapprove all three candidates submitted and request additional names be submitted to them for consideration. Candidates that are disapproved by the City Council will be the subject of action by the PFC Board of Directors at its next scheduled meeting. Once the City Council approves at least one new PFC Board of Director member, a successor to the sole remaining director, Mr. Wamoff, shall be deemed elected. This will result in the automatic replacement of Mr. Wamoff since his term has already expired. The first order of business for the new PFC Board of Directors will be to identify additional candidates to be presented to City Council for approval until a total of five Directors are seated. The staff has completed a set of recommended criteria to assist the City Council in the deliberation as to the viability of candidates that are presented to them for the position of Public Facilities Corporation Directorship. The recommended criteria to be used either singly or in combination are: 1. A candidate that has in-depth knowledge and experience in managing the financial affairs of either a complex business or financial institution. 2. A candidate that is recognized as a professional leader who either works or lives within the community and has a proven track record of leadership, integrity, and responsibility. / PIO 4/84 3. A candidate that is apolitical. 4. A candidate that has knowledge and experience with investment practices of large sums of money who can provide advice an guidance to banks who hold PFC funds. 5. A candidate who has knowledge and experience with long term debt financing (e.g., lease hold mortgage bonds). Under Article 5, Section 3, of the PFC By-laws the City Council has the right to recommend candidates to the PFC Board of Directors for their consideration. FUNDING SOURCE: No funds required. ATTACHMENTS: Huntington Beach Public Facilities Corporation Director Applicants list RB:pj H.B.P.F.C. DIRECTOR APPLICANTS 1 . Warren G. Hall - attended 9-25-85 meeting - abse.nt 11-27-85 meeting (letter)' -- statement 2. Frank H. Tostado - absent 9-25-85 & 11-27-85 meetings no statement 3. Gene J . Farrell - absent 9-25-85 & 11-27-85 meetings no statement r 4. Stephen W. Wight - attended 9-25-85 & 11727-85 meetings - statement - nominated`. . 5. Lorraine Faber - attended 9-25-85 meeting - absent 11-27-85 meeting - statement - nominated 6. Lance B. Eliot - attended 5-25-85 meeting - absent 11-27-85 meeting, - statement 7. Joseph J. Garafalo - absent 9-25-85 meeting - attended 11-27-85 meeting - statement 8. Ivor M. Grant - absent 9-25-85 meeting - attended 11-27-85 meeting - statement +� 9. Robert B. Beck - Absent 9-25-85 & 11-27-85 meetings - letter no statement 10. Mark T. Lambert - attended 9 .25-85 meeting - declir.- - statement 11 . Jacques Cools - declined - absent both meetings - no statement 12.' Susan Newman - absent 9-25-85 meeting - attended 11-27-85 meeting - statement - nominated ��PGN PUBLIC� Huntington Beach Public Facilities Corporation Q INCORPORATno ;T `17371 Gothard Street NCveman Huntington Beach, California 92647 f.0 e CAIIFORO" December 2, 1985 . , Mr. Charles W. Thompson, City Administrator, and City Council Members Please be advised that the Board of Directors of the Huntington Beach Public. Facilities Corporation held their regular adjourned meeting on November 27, 1985 , at which meeting they nominated and selected three new Directors from a list of twelve applicants, to fill the vacancies on the Board. The newly appointed Directors are as follows, with a point being made at the meeting that they are in noway are they to be considered to be in any preference order: . Mr. Stephen Wight Mrs. Lorraine Faber Mrs. Susan Newman Following a past customary procedure, each appointee will be mailed a letter for their confirmation in writing of acceptance of the appointment. _ Please advise should _any questions arise. Very truly yours, Donald W. Kiser 11FC 2 1985 Assistant Secretary, HBPFC CITY OF HUNTINUTON BEACH CITY COUNCIL OFFICE lb- Eiji 0 CITY OF HUNTINGTON BEACH INTER-DEPARTMENT COMMUNICATION WWWOCTON Fin/ey To :HONORABLE MAYOR, MEMBERS OF THE From GAIL HUTTON CITY COUNCIL; CHARLES W. THOMPSON City Attorney Public Facilities Corporation- December 2, 1985 Subject . Date On Wednesday, November 2T, 1985, the Public Facilities Corpora— _ tion, by its remaining Board of Directors, Wamhoff and Nowlin, selected three directors for approval by the City Council. The Council may now approve one, two, or all three of such directors in order to continue the process outlined in our Request for Council Action of November 6, 1985. By copy hereof, we hereby request that the secretary of the Public Facilities -Corporation, Don Kiser, transmit copies of each suc— cessful application to the City Council forthwith. GAIL H TON City Attorne, cc : Don Kiser REQUE OR CITY COUNC�CTION 6��c Date November 6 , 1985 Submitted to: yor and City Council APPRovED BY cTl 1 p�NGIi; G �/P Submitted by: a i l Hutton, `"'"`--•-•��:...1 �yb5 City Attorney Prepared by: CITE' CL .. Subject: HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION Consistent with Council Policy? [4 Yes [ ] New Policy or Exception Statement of Issue, Recommendation,Analysis, Funding Source,Alternative Actions,Attachments: BACKGROUND: When the Huntington Beach Public Facilities Corporation was formed to issue the bonds and enter into the lease/leaseback , the city reserved no control over 'the corporation . This was rectified by an early amendment to the by-laws . This amendment required approval of the directors by the Council . The terms of the current members of the Board of Directors have expired , and those members remaining are now serving only until their successors are appointed . (Corporations Code S 5220 ) . All members of the Board have resigned except directors Wamhoff and Nowlin . Wamhoff and Nowlin are required to nominate the successors . STATUS : Directors Wamhoff and Nowlin are proceeding to interview applicants for appointment to the vacant directors ' positions at the November 27 , 1985, meeting of the Board . If they fail to do so , the city could prevail upon the courts to appoint provisional directors to perform Wamhoff and Nowlin' s duties , pursuant to California Corporations Code S 5225 . Since there are now only two directors , both of whom are serving on expired terms , it would seem that their sole duty would be to appoint one or more directors on November 27 , subject to the approval of the City Council . The remaining directors may fill the existing vacancies on the Board , subject to your approval . Corporations Code § 5224 provides that vacancies may be filled by a majority of directors then in office , whether or not less than a quorum, or by a sole remaining director . This procedure is consistent with the PFC' s by-laws . As an alternative to filling all vacancies , the existing Board members may prefer to appoint one director . Upon his or her approval by Council , Wamhoff and Nowlin could resign, and the new director could proceed to work with Council to fill the remaining vacancies . PIO 4/84 , db RCA - HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION November 6, 1985 Page 2 If the current directors do not take appropriate action to appoint acceptable directors , it may be deemed a breach of trust actionable under Corporations Code S 5154, which suit may be brought by the city. FUNDING SOURCE: Not applicable RECOMMENDED ACTION: 1 . Direct the secretary of the PFC to transmit copies of all applications for appointment as directors to the City Council for review forthwith . 2 . Monitor the selection on November 27 , 1985 , for immediate approval or disapproval by the City Council . 3 . Transmit recommendation to the PFC for a series of special meetings to accelerate the appointment and approval process outlined above . 4 . Calendar special City Council meetings for the purpose of approving or disapproving appointees after each PFC meeting. 1010L • z REQU FOR CITY COUN ACTIO EN - to g OOPC�,�. 'dam Date August 15, 1985 Submitted to: HONORABLE RUTH BAILEY AND MEMBERS OF THE CITY COUNCIL Submitted by: CHARLES W. THOMPSON, City Administrat r ED By CITY CC,vi�t.. Prepared by: GAIL HUTTON, City Attorney Subject: DIRECTORS OF THE PUBLIC FACILITIES C CITY CLERK Consistent with Council Policy? ] Yes [ ] New Policy or Exception - Statement of Issue, Recommendation,Analysis, Funding Source, Alternative Actions,Attachments: STATEMENT OF ISSUE: The deadline for a City Council resolution to disapprove of the newly re-elected Directors of the Huntington Beach Public Facilities Corporation is September 4, 1985. No Council action for 30 days would deem the re-elected officers approved. RECOMMENDATION: Adopt Resolution 5557 by September 4, 1985 if the Council disapproves of all of the Directors of the Huntington Beach Public Facilities Corporation. ANALYSIS: The Huntington Beach Public Facilities Corporation has re-elected its Directors for another year ' s term. There is nothing in the State law or the Corporation' s bylaws that limits the amount of terms a Director can serve. According to Article V, Section 1, of the Public Facilities Corporation' s bylaws, as amended on October 29, 1975, Directors are deemed approved by the Council unless expressly disapproved by resolution. Such resolution must be transmitted or delivered to the Public Facilities Corporation within thirty ( 30) days after notice of the election is given to the Council. Notice of the Public Facilities Corporation election was given to the Council on August 5, 1985. The Council must transmit or deliver to the Public Facilities Corporation a resolution of disapproval by September 4, 1985. This, of course, is only necessary should the Council desire to disapprove of one or more of the newly re-elected Directors. FUNDING SOURCE: N/A ALTERNATIVE ACTIONS: The Council ' s alternative is to take no action. In the absence of the Council ' s action the Directors will be automatically approved. ATTACHMENT: Resolution No. 5557. P10 4/84 F Huntington Beach Public Facilities Corporation c� INCORPORATED 17371 Gothard Street z "MOVEMBER 27.1970 Huntington Beach, California 92647 . �. i �.l August 5, 1985 TO: City Council and Charles Thompson, City Administrator Please accept this letter as notification that on July 31, 1985 following nominations motioned and seconded, the Board of Directors elected and appointed the following members of the Corporation to be Directors for the term of one year; and further reaffirmed the January 30, 1985 election of Officers, noted alongside. D. L. Nowlin - Director - President Anton Teixeira - Director - Vice President Vary Ellen Houseal - Director - Secretary/Treasurer William Wamhoff, Jr. - Director The Board expressed intention to interview for the purpose of electing and appointing a Director to fill the fifth membership vacancy at their next meeting. Very truly yours, Donald W. Kiser Assistant Secretary - HBPFC DWK:mj cc: Alexander Bowie I C1 C� µU '�'ol-p=F��� r RESOLUTION NO. 5557 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH DISAPPROVING A NEWLY-ELECTED BOARD OF DIRECTORS OF THE HUNTINGTON BEACH PliBLIC FACILITIES CORPORATION WHEREAS, the Huntington Beach Public Facilities Corporation Bylaws, as set out in Article V, Section 1 , page 11, provide that the directors, elected or appointed in accordance with such bylaws shall be deemed approved unless a resolution of disapproval is transmitted to such corporation within thirty ( 30 ) days after the City Council has received notice of an election; and The Huntington Beach Public Facilities Corporation, by notice dated August 5, 1985, has informed this Council that a new board of directors was elected and appointed on July 31, 1985, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of huntington Beach that it hereby expresses its disapproval of the those named as directors/officers of the Huntington Beach Public Facilities Corporation, as contained in the notice, dated August 5, 1985. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 19th day of Auaust 1985. Fiay ATTEST: APPROVED AS TO FORM: City Clerk ��S�S City Attorney 1. :1, 1 ti REVIEWED AND APPROVED: ity Administrator 0 � ahb/8/14/85 0716L i 2. !• ' ,. Res. No. 5557 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) sa: CITY OF HUNT INGTON BEACH ) I , ALICIA M. WEh'TWORTH, the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council at a regular meeting thereof held on the 19th day of August 19 85 by the following vote: AYES: Councilmen: Kellv, MacAllister, Mandic, Bailey, Finley, Green, Thomas NOES: Councilmen: None ABSENT: Councilmen: None City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California . J P`N PUB(�C� �JA��Ay �Yo�7cti �rr�� ...�� - b7s-- �o� Huntington Beach Public Facilities Corporation CZ INCORPORATED m 17371 Gothard Street Z y i NOVEMBER 27.1970 Huntington Beach, California 92647 iy ao`' 04LIFORN�P May 30, 1985 TO: Alicia Wentworth, City Clerk FROM: Donald W. Kiser, Assistant Secretary SUBJECT: Director Resignation Please be advised that a letter of resignation form Jerry Sapp, a Director of the Corporation, was presented at the regular adjourned meeting of the Board of Directors on May 29, 1985; and the resignation was accepted with regrets by the Board quorum present. I will appreciate your assistance in preparing the required Maddy Act documents and in the posting and advertising for applications to serve on the Board. I will arrange for a special called meeting at the earliest date allowed by the Act, provided a reasonable number of applications are received, in order that the Board may interview applicants and consider appointing a replacement Director. Very truly yours, w Donald W. Kiser Assistant Secretary - HBPFC DWK:mj cc: Charles W. Thompson ^ REQUES FOR CITY COUNCIL ACTION 61 rr Qti S Z),nPc7` 34 7b IMP. -N 2 �A +ri o -e pr�l �- PFC-toP,•N,111 I'� 1 ate�s+le�o^ �µ May 23�1.985 IeA.E_�b�A„c p�tint �a.�(��40-n 1%&-4 �u4�l '�� �.,� DAlkncie �S Submitted to: onora le Mayor and City Council r"o^e�� I`"'� w• I, whwt ,f-s6, e Submitted by: Charles W. Thompson, City Administr 4r . Prepared by: Robert J. Franz, Chief of Administrative Services Subject: Request for P.F.C. Funding of Civic Center and Central Library Improvements Consistent with Council Policy? [ ] Yes [X] New Policy or Exception Statement of Issue, Recommendation,Analysis, Funding Source,Alternative Actions,Attachments: Statement of-Issue: There is a need to fund several Capital Improvements to the Civic Center and Central Library facilities. Recommendation: Staff recommends that .Council request that the P.F.C. accept a lease payment for FY 1985-86 of $531,900 instead of the normal lease payment of $1,253,900. Analysis: In March of 1985, as per City Council direction, a project list was forwarded to the P.F.C. board members requesting that funding be provided from the accumulated reserves. That funding request was denied. The projects were included in the Unfunded section of the City's five year Capital Improvement Program approved in November of 1984. For fiscal year ending 1984/85, there is a projected P.F.C. surplus of roughly $4 million (excess of the P.F.C. reserve requirement). This surplus can be used to fund improvements to both the Civic Center and Central Library. Since the P.F.C. has declined the previous City requests to fund the needed projects, it is necessary to finance the projects from City funding sources. The staff recommendation would provide the necessary funding within the General Fund since our General Fund lease payment to the P.F.C. would be reduced by the amount of the estimated cost of the projects. The impact on P.F.C. resources would be negligible since their reserves are already over $4 million in excess of legal requirements. Funding Source: Not applicable. Alternative Actions: 1. Do not proceed with the staffs recommendations. 2. Fund the projects with other General Fund reserves (estimated at $4 million as of 06/30/85). 3. Reduce the lease payment as recommended, but without first requesting P.F.C. concurrence. Attachments: 1. P.F.C. Eligible Capital Improvement Projects. 2. Graph illustrating P.F.C. reserves. 1365j PIO 4/84 l ATTACHMENTI PFC ELIGIBLE CAPITAL IMPROVEMENT PROJECTS Prioritized by Category Project Category Cost Police Department 1. Communications Console $275,000 2. Jail Remodel & Roof Renovation 80,000 3. P.D. Parking lot expansion (inside gates) 50,000 4. Front Desk/Public Counter Remodeling 10,000 Community Services 1. Central Library Exterior pools restoration 115,000 2. Replacement of Library Doors (enter/exit) 20,000 Facility Maintenance 1. Fire Sprinklers 15,000 2. Ceiling Replacement - City Hall Lower Level Meeting Rooms B6-B7-B8 10,000 3. 4th/5th Floor Building Improvements 22,000 4. Civic Center Fire Alarm System 100,000 Landscape & Parks Eguipment/Systems Planter Improvements within Civic Center Parking lots 25,000 TOTAL 722 000 �Y 1365j PUBLIC FACILITI- ES CORP. $MILLIONS 10 ........................ i 9 ` t • ».._._._._..__.....T T.»....._»»..».»»».....»4............ .................. _.;..._._....»»_..»» TOTAL RES LIRVES ............. »._. »»._......._. » »..».» .»._...._. :...»._»..._.»».._.....».».. i Ifl ` »........_.._._..rlr..».....____ ___.._.... ................_........_....._. ....».............................. ii ` _»....»............. »»»....»...........................»......».».».._�.._»».................._._._.i:i ... ; ` »». ` .......... .». _..»...._.._.._. .._.._».._»..........._... I I i lil i i i z »..».»_...._ ...............». » ».»». »».».»»....... »»»....»._»»..»..»»..»...s...__................REif E. EER ......_............».».... ; ..k 81/82 82/83 83/84 84/85 85/86 86/87 87/88 88/89 FISCAL YEAR PUBLIC O4L Huntington Beach Public Facilities Corporation 17371 Gothard Street Huntington Beach, California 92647 February 2, 1982 Bank of America N.T. & S.A. Corporate Agency Division #8510 555 South Flower Street Los Angeles, CA 90071 Attention: Linda Ojeda Trust Officer Subject: P. F.C. Officers for the Year of 1982 At the January 27, 1982 Public Facilities Corporation meeting, the board of directors elected officers for the year of 1982. The results are as follows: President, Mr. Jerry Sapp Vice President, Mr. William Wamhoff, Jr. Secretary/Treasurer, Mrs. Mary Ellen Houseal The above officers will serve on the board from January 1982 through December 1982. Very truly yours, Donald W. Kiser Assistant Secretary DWK:mj cc: Charles Thompson F.B. Arguello Mary Ellen Houseal City Clerk 0�P`H PUBL��� Huntington Beach Public Facilities Corporation INCORPORAT[D - 17371 Gothard Street Z y NOVtM.(p 31.1070 Huntington Beach, California 92647 CAL IF OVk y y�iy E'i9�' February 3, 1981 Bank of America N.T. & S.A. Corporate Agency Division #8510 555 South Flower Street Los Angeles, CA 90071 Attention: Linda Ojeda Trust Officer Subject: New H.B.P.F.C. Officers At the January 28 , 1981 Public Facilities Corporation meeting, the board of directors elected new officers. The results are as follows: President, Mr. Jerry Sapp Vice. President, Mr. William Wamhoff, Jr. Secretary/Treasurer, Mrs. Mary Ellen Houseal The above officers will serve on the board from January 1981 through December 1981. Sincerely, Donald W. Kiser Assistant Secretary DWK:mr cc: F.B. Arguello r �9 RAC_._ GH PUBIlC�4c Huntington Beach Public Facilities Corporation C9 INCORPORATED ,r 17371 Gothard Street Z NOVEMBER27.1970 Huntington Beach, California 92647 iy aoell CAL IF ORN�P November 21, 1977 l Honorable Mayor and City Council Members Attention: F. G. Belsito, l v City Administrator Please be advised Brander Castle resigned his position as Director of the Huntington Beach Public Facilities Corp- oration as of October 26, 1977. The PFC Board will be discussing this vacancy replacement at the November 30th regular meeting. Donald W. Kiser, Assistant Secretary - HBPFC DWK:ajo J D E rE NOV2u 197/ CITY OF HUNTINGM.I ADMINISTRATI:'F U. �9 E IC AHuntington Beach Public Facilities Corporation TED T 17371 Gothard Street 7.ia7o Huntington Beach, California 92647 0P 7 April 28, 1977 Honorable Mayor and Members of the City Council Attention: Floyd G. Belsito, City Administrator Subject: Request for Ratification of PFC Directors Your request for the Huntington Beach Public Facilities Corporation to give serious consideration to reduce the size of the PFC Board to five members was discussed in great depth at our regular meeting of April 27, 1977. As a result, unanimous agreement was reached to resubmit the three candidates for your ratification. It is important to note the HBPFC has been a seven member Board for over one year by amendment to the Bylaws. This action was taken as a result of the difficulty in obtaining a quorum with a five mem- ber board, and is working out in a very satisfactory manner. Increas- ing the number of Directors allows more citizens to become involved with their city and lends a wider diversification of knowledge to the Board in serving the citizens of Huntington Beach. We respectfully request your approval of Mr. Teixeira, Mr. Wilson, and Mr. Wamhoff as Directors of the HBPFC Board. Very truly yours, Jerry L. Sapp, President JLS:ajo , a x� Counci, imber, City Hall Huntington Beach, California Monday, April 18, 1977 Mayor :u,ai,_r called the regular meeting of the City Council of the City of Huntington Beach to urdur at 7:30 P.M. Present: Bartlett, Pattinson, Coen, Siebert, Shenkman, Wieder Absent: Gibbs efffflrfr**f!*!flttti�irrrtrrirArararartaataaratrsrr�raaaararrrrr�rarrrrrrtrrLirriRrrriR!u! ELECTION OF MAYOR RONALD R. PATTINSON The City Clerk declared the positions of Mayor and Mayor Pro Teupore vacated, and called for nominations for Mayor of the City of Huntington Beach. Councilman Pattinson was nominated by Councilman Bartlett for the position of Mayor, which was seconded by Councilman Coen. There being no further nominations forthcoming, on motion by Bartlett, second Shenkman,. nominations for the office of Mayor verb closed by the following vote: AYES: Bartlett, Pattinson, Coen, Siebert, Shenkme►n, Wieder NOES: None ABSENT: Gibbs A vote was taken by secret ballot with the City Clerk tallying the vote. A count of the ballots showed the voting As followst Councilman Pattinson - 6 Fullowiny the announcement of the vote, on motion by Coen, second Shenkman,..Council voted unanimously to make Councilman Pattinson the.Mayor of the City Council for the ensuing year. The City Clerk then turned the gavel over to the new Mayor, Ronald R. Pattinson, to conduct the balunco ref the meeting. #f*f*f#######�*#**#ffi*iff RfRt*iRtfalRRf tfR rtrtaltttfirt�RRirriitrtAf rf rRfffri�fr iff iff♦tri PUBLIC FACILITIES CORPORATION - BOARD OF DIRECTORS The City Administrator brought Council's attention to the appointment to the PFC by the Board of Directors of Anton M. Teixeira, William P. Wamoff, Jr., and William R. Wilson. On motion by Shenkman, second Siebert, Council disapproved said appointments to the Public Facilities Corporation and recommended that the PFC consider reducing its membership to the original membership of five. Motion carried unanimously. f###f#iw######*#*fff#ff!*R*ttif**tflRrRtfrilrfAffRRt!!latRRRitlRirffriRRftiafititttlRfRrifi On motion, by Bartlett, second Shenkman, the regular meeting of the City Counce of the City of Huntington Beach adjourned-at 11:15 P.M. to. Monday, May 2, 1977 at 7:30 P.M. in the Council Chamber. The motion was passed by the following vote: AYES: Bartlett, Coen, Siebert, Shenkman, Pattinson NOES: None ABSENT: Gibbs, Wieder Alicia M. Wentworth City'Clerk and ex-officio Clerk of the City Council of the City ATTEST: of Huntington Beach, California Alicia M. Wentworth Ronald R. Pattinson City Clerk Mayor Page a2 - STATEMENT OF ACTION OF THE CITY COUNCIL STATE OF CALIFORNIA ) County of Orange ) SSe City of Huntington Beach) I, ALICIA M. WI*CMMTH, the duly elected and qualified City Clerk of the City of Huntington Beach, California, do hereby certify that the above and foregoing is a true and correct Statement of Action of the City Council of said City at their regular Council meeting held on the 16th day of April, 1977. WITNESS my,hand and seal of the said City oi 'Huntington Beech this the 19th day of April, 1977. City Clerk and ex-officio Clerk of the City Council of the City of Hun ngton Beach, California BY Deputy MINUTES OF THE HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION ADJOURNED MEETING OF APRIL 4, 1977 WITH THE CITY COUNCIL The meeting was called to order by Mayor Wieder. Roll call was taken as indicated below: CITY COUNCIL: In Attendance: Bartlett Coen Pattinson Wieder H.B.P.F.C. DIRECTORS Bailey Castle Houseal Sapp and D. W. KISER, Assistant Secretary Also in attendance : City Staff Members Members of the public The City Administrator, Mr. Belsito, was called upon to present the first Agenda item which was the E.O.C. construction federal grant. He called on George Thyden, Civil Defense Coordinator, to recap the issue and present a possible solution for resolvement of the problem. After giving background information, Mr. Thyden outlined the following solution: The State and Federal Governments will agree to the release of a check currently being held in trust in the amount of $84,583. 82 to the City of Huntington Beach if the following conditions are met. 1. The City reimburse the HBPFC for the full amount of the construction cost of the E.O.C. ($169 ,167. 64) and provide proof of said payment to State and Federal Governements. 2. Provide .documentation of an Agreement between the City and the PFC en- titling the City to have full possession of the E.O.C. during the term of the Bond indebtedness , and upon satisfaction of the Bonds, the E.O.C. will become the property of the City. 3. Upon meeting these terms, the government check in the amount of $84,583. 82 will then be released to the City. Mr. Thyden stated it was possible for the PFC to reimburse the City for this unexpected expense by reducing the City° s rent in an equal amount of -their loss. • -2- Discussion followed regarding various alternatives to the problem and possible ramifications of each alternative course of action. Mayor Wieder requested a recommendation from City Staff for the best solution to the problem for both Bodies. Mr. Belsito advised the City to reimburse the PFC for the entire cost of the E.O.C. ($169 ,167. 64) thereby releasing the Federal check in the amount of $84,583. 82, payable to the City of Huntington Beach. Mayor Wieder called for City Council roll call vote in response to Mr. Belsito' s recommendation. The vote was unanimous to proceed with Mr. Belsito' s recommendation. Councilman Pattinson made motion for the City Attorney to prepare the .necessary papers for an Agreement between the City and the HBPFC that would reduce the City' s annual rent by $84,583. 82. Mayor Wieder called for the roll call vote on the motion. The vote was unanimous for the Agreement to be drawn up, and motion passed. The City Council retired to. the Council Chambers to conduct their regularly scheduled meeting. PFC President Sapp then instructed the Directors that the City' s re- quest for the PFC to reduce the City' s annual rent on a one time basis in the amount of $84,583. 82 was now open for Board motion. Lengthy discussion followed. Director Castle made the following motion. Upon receipt of the City' s check to the PFC in the amount of $169 ,167. 64, the PFC will instruct the Trustee and the Finance Director to take the appropriate action to refund to the City an amount of $84,583. 82 for overpayment of rent;and\for PFC Assistant Secretary Kiser to prepare the necessary Resolutions to facilitate this transaction for Board approval and signature by the April 27th PFC meeting. Director Houseal seconded the motion. Motion was opened for discussion. Lively discussion followed. • ~' -3- Mrs. Bailey expressed her concern that any transactions made should be legal and the Federal Government be made aware of any agreements now being made in regard to the disposition of this matter. She requested her concern to be noted in the records. President Sapp called for the vote on Director Castle' s motion. . Mrs. Houseal seconded the motion, and motion unanimously passed. Warren Hall, City Treasurer, reported to the Board he was successful in obtaining both fire and earthquake insurance for the Civic Center and the Library facilities. The insurance covers 90% replacement cost with a 5% deductable on any loss incurred beyond that. The PFC Board was very pleased with Mr. Hall' s accomplishment. Mr. Hall assured . the Board he would forward copies of the insurance policies to the Trustee. There being no further business, Mr. Castle .moved to adjourn the meeting, Mrs. Bailey seconded the motion, and motion to adjourn unanimously passed. Audrey J. O'Reilly, HBPFC Secretary APPROVED: Jerry L. Sapp, President Secretary Treasurer �PLH PUBL/C�q A Huntington Beach Public Facilities Corporation C7 INCORPORATED m 17371 Gothard Street Z NOVEMBER 27,1970 ID Huntington Beach, California 92647 iy ao CAL I F OIRO' S� GZT� G�V t APPROvED J IV-- ' March 18 , 1977 Y TO: CITY ADMINISTRATOR SUBJECT: RESIGNATION OF HBPFC DIRECTOR Please find attached the resignation letter from PFC Director, Dr. R. Dudley Boyce. Aud ey J. eilly, PFC Recording Secretary Encl. l • GOLDEN WEST COLLEGE March 17, 1977 Mr. Jerry L. Sapp, Presidcnt•; Huntington Beach Public Facilities Corporation 17371 Gothard Strout Huntington Reach, CA 92647: Dear Prasidant Sapp: I wish to tondor my rosignration as a Director of the Huntington Beach Public Facilities Corporation. I request accaptanco of my decision as early as may be appropriate in providing for..my replacement with the selection of a now Board member. You and our fallow members are aware that I have chosen to stop aside my role as Presidont, Golden Viest College, effective July 1, 1977. This, of course, leavos as open m€attors of my..caroor planning, at this time. It thus appears that change circumstances warrant, as a timely action, my closing out continuing relationships with tho Public Facilities Corporation, as well. I will miss my associations with dedicated people concerned with the betterment of our community. I have enjoyed tios with follow Board members, the City's officials, officers and staff, and with citizons who have given of their time and talent to our enterprise... Together, we may find pride in our accomplishments. I have valued the learning experiences accruing to me, personally, as I have participated in tho planning- and development of the Civic Cantor and Central Library facilit.tas since tho, incoptions of thoso projects. I value most highly the fine personal relationships, friendships, and associations I would have missed had I not served these several years. Kindly arrange to place my request to be released on the Agenda of our forth- . coming Board meeting. Share-with our colleagues my appreciation for their consideration. Sincerely, R. Dudley Boyce President RDB/cl a... cc. Donald W. Kizer The Honorable Harriett M.. Wieder 15744 GOLDEN WEST STREET/HUNTINGTON BEACH/CALIFORNIA 92647 (71 4) 892-771 1 Serving the Orange Coast Junior Cottege District - b :w- ;F L LN PUBLIC,cgC' o� Huntington Beach Public Facilities Corporation C9 INCORPORATED 17371 Gothard Street Z NOVEMOCR 27.1970to Huntington Beach, California 92647 rZ�y awn CAL IFOAN�P APpR�YED By CIT TO: OFFICE OF THE CITY ADMINISTRATOR Y COUNCIL DATE: MARCH 14, 1977 FROM: DONALD W. KISER CITy Attached with this communication is copy of the officiate' resignation letter from Raymond Bunker, PFC Director. Please forward this information to the City Council office for their information. Donald W. Kiser, Assistant Secretary - HBPFC DWK:ajo Encl. 2 cc: PFC File D E C E. ra D M A R 15 1977 CITY OF HUNTINGTON BEACFI ADMINISTRATIVE OFFICE Ile nc_ February� � 25 Mr. Donald Kiser Assistant Secretary Huntington Beach Public Facilities Corporation Subject: LETTER OF RESIGNATION Dear Don, Please advise my fellow directors that I find it necessary to offer my resignation as a Director of the HBPFC effective immediately. I regret this action is necessary, and in no way should it be interpreted as a reflection upon the board members. On the contrary; I consider each director a dedicated and concerned citizen that- unselfishly serve the City and the people of Huntington Beach. I want to extend my personal special thanks to you, Ben Arguello and Audrey O'Reilly for all of the help you have generously given to me. I have thoroughly enjoyed "getting involved" and feel the experience of serving as a PFC director has been a memorable one. Raymond L. B nker i' RLB:fn Mr. Donald Kiser Assistant Secretary Huntington Beach Public Facilities Corporation Subject: LETTER OF RESIGNATION Dear Don, Please advise my fellow directors that I find it necessary to offer my resignation as a Director of the HBPFC effective immediately. I regret this action is necessary, and in no way should it be interpreted as a reflection upon the board members. On the contrary; I consider each director a dedicated and concerned citizen that- unselfishly serve the City and the people of Huntington Beach. I want to extend my personal special thanks to you, Ben Arguello and Audrey O'Reilly for all of the help you have generously given to me. I have thoroughly enjoyed "getting involved" and feel the experience of serving as a PFC director has been a memorable one. Raymond L. B nker RLB:fn PUBLIC lot o� Huntington Beach Public Facilities Corporation C7 INCORPORATED m 17371 Gothard Street Z NOVEMBER 27.1970 Huntington Beach, California 92647 ao� CAL IF 00%1" February. 24 , 1977 TO: City Administrator, Floyd G. Belsito SUBJECT : Resignation of PFC Director In accordance to your memorandum of February 1 , 1977 sub- ject "Boards , Commissions & Committee" , I am forwarding to your office a copy of PFC Director Curran' s written resignation for transmittal to the City Council for appropriate action. I will provide Connie Bauer with an updated list of the new- ly elected officers of the HBPFC and inform her of the vacancy that now exists on the PFC Board . Audrey J. 0 ' eilly, HBPFC Records g Secretary cc : H. E . Hartge PFC File Encl . 2 p � E. FEB 2 CITY OF NUNTiPdGTOid 9FACl) ADMINISTRATIVE OFFICE LARRY L. CURRAN ATTORNEY AND COUNSFIOR AT LAW 901 DOVER DRIVE, SUITE 120 TELEPHONE 645-3600 NEWPORT BEACH, CALIFORNIA 92660 - AREA CODE 714 February 23, 1977 Huntington Beach Public Facilities Corporation 17371 Gothard Street Huntington Beach, Ca. 92647 Re: Letter of Resignation Fellow Board Members : Please accept my resignation from the Board of Directors of the Huntington Beach Public Facilities Corporation effective following our February 23, 1977 meeting. It has been a pleasure to serve with so many talented and unselfish persons ,who have freely donated their time for the benefit of our community. Since I have been on the Board since the beginning, it has been during the period through construction to the present state of affairs which indeed are left in capable hands . During this seven years I have grown to known and respect two extra special persons who I will deeply miss regular association with.Don Kiser has kept the program going through his unselfish efforts and considerable overtime for which he was never paid, except by a thanks from us . Don, to you, I certainly appreciate all you've done for all of us - thanks again. Audrey, our bulwark of courage - encouragement - an source of beauty - both inside and out - what can I say to explain the deep gratitude and respect I feel for you. Thanks ! Please give to my fellow Board members the great help and assistance which you- have constantly and consistently given me. To my fellow.= Board members please continue the level of competence you have exemplied and protect the tax payers money from unreasonably expenitures . Fellow Board Members y Page 2 February 23, 1977 It has been a battle from time to time and a welcomed exchange of serious considerations by all Board members that has resulted for the good of our community,and I appreciate having had a chance to contribute a small portion of me to this Board. ; 'eryt 1 y , LARRY L. CUR LLC:ma Olt� PUBLIC qc�� Huntington Beach Public Facilities Corporation T 17371 Gothard Streety70 Huntington Beach, California 92647 ao`�' February 24 , 1977 Dear Connie: As promised, I am informing you of the newly elected officers of the Huntington Beach Public Facilities Corporation effective February 23 , 1977 in order that you may update your list of members of Board and/or Commissions . Jerry L. Sapp , President Ruth Bailey, Vice-President Raymond L . Bunker, Sec . /Treasurer Brander D. Castle - Director Mary Ellen Houseal - Director Dr. R. Dudley Boyce - Director Vacancy due to resignation of Larry Curran 2/23/77 If I can be of further assistance do not hesitate to give this office a call. Audrey J. Reilly, Recording Secretary l cc : F. G. Belsito H. E. Hartge PFC File Encl . l Vr-16 1 J-A City o Huntington Hunti ton Beach on P.O. BOX 711 CALIFORNIA 92648 AL CITY TREASURER-WARREN G. HALL September 29, 1976 I� 0 l r To: Honorable Mayor, City Council and S� ,,,,Floyd G. Belsito-City Administrator C From: Warren G. Hall �I Subject: Unbudgeted P.F.C. Cost Requirements The contract with the Public Facilities Corporation requires that the buildings be reappraised every three (3 ) years obviously to ensure that it is insured for replacement value. I have a "not to exceed estimate of $1900.00" from M&S Appraisers one of the top five firms in Southern California. The contractual agreement also provides that "Rental Insurance" be provided to cover two years payment amounts for both City Hall and Library. That insurance will cost $1,100.00 for the first year premium. This request is for $3 ,000.00 to be budgeted from contingency to cover these unbudgeted previously unmet contractual re- quirements so that they may be accomplished as soon as funds are available. In addition the contractual agreement requires that we obtain "War Risk Insurance if this is available" . I have not been able to get any company to quote as yet so it will most likely end up n t bein 4v i able. i Wad en G. Hall D City Treasurer/Risk Manager SEP 2S 1976 cc. F. B. Arguello C1TY OF HUNTINCTO Larry Curran-P.F.C. President ADMINISTRATIVE N BEAClI D. W. Kiser-P.F.C. Asst. Secretary OFF;�� CITY OF HUNTINGTON BEACH INTER-DEPARTMENT COMMUNICATION HUNTINGTON BEACH To Floyd G. Belsito From F. B. Arguello City Administrator Director of Finance Subject FIR - PFC Cost Requirements Date September 30, 1976 In response to the City Treasurer/Risk Manager's request, I hereby submit the attached Financial Impact Report concerning the costs to provide rental insurance and have the Civic Center Facility and the Library Facility appraised per our lease agreement with the Public Facilities Corporation. There are funds available in the general fund contingency account (101593) sufficient to cover this request. This does not take into consideration the amount of money necessary to fund the salary adjustments negotiated by the various employee groups. The budget staff is presently computing the cost of the adjustments on those associations that have settled but we do not know if the information is available yet. F. B. Arguello Director of Finance FBA/EH/cg r CITY OF HUNTINGTON BEACH FtNANCIfi. IMPACTAEPORT Project Name Public Facility Contractual Insurances and Appraisal Requirements Description Appraise the buildings owned by the Public Facilities Corporation and provide insurance as required by the City's lease with them. 1 . DIRECT PROJECT COSTS 1.. 1 One-Time Costs Land urn. , aci . i- Acquisition Construction ties, Equipment, Other Total Cost 3,000.00 3,000.00 1 .2 Recurring Annual Costs Additional Materials Outside Payroll Personnel Supplies Services Revenues Total Cost 1 , 100.00 1 ,100.00 1 .3 Replacement/Renewal Costs It will cost approximately $1 , 100 per year for insurance which will be included in the budget under insurance coverage and then in three years there after as long as the lease is in effect. These costs should be included in the annual budget during _those years. 2. INDIRECT COSTS None Financial Impact Repo , 1, Page 2 't. 3. NON-DOLLAR COSTS None 4. BENEFITS TO BE DERIVED FROM THE PROJECT The Civic Center and Library will have insurance coverage as a parrontnna of current replacement instead of original costs. 5. PROJECT USAGE Public Facility owned buildings leased to City. 6. EXPENDITURE TIMING Approximately thirty days after approval . 7. COST OF NOT IMPLEMENTING THE PROJECT The City would be in violation of their lease with Public Facility Corporation and the Corporation would be in violation of the bond indenture. AGENDA FOR STUDY SESSION - CITY COUNCIL/H.B.P.F.C. JUNE 30, 1976 - 9 :00 P.M. 1 ITEMS FOR DISCUSSION AS SUGGESTED BY P.F.C. DIRECTORS: . I 1. CLARIFICATION OF STATUS OF THE H.B.P.F.C. TO THE CITY OF HUNTINGTON BEACH 2. IMPROVED COMMUNICATIONS BETWEEN H.B.C.C. AND H.B.P.F.C. 3. POSSIBLE SALE OF LIBRARY FACILITY TO THE COUNTY?' . 4. REPORT ON CIVIC CENTER CORROSION PROBLEM 5. CITY ATTORNEY OPINION # 76-26 6. CITY ATTORNEY OPINION # 76-27 • �... _ .... •. .. .n. ♦ :. a:rif.<'.J"::.:'.H--.fc-ii'S^r`:A": 4w-raw....__ � 1 p "t OFFICE OF THE CITY ATTOR14EY OPINIO?d N0. 76-27 ,;.. t.. 10 May 1976 SUBJECT: Emergency Operations Center (Civil Defense) REQUESTED BY: Huntington Beach Public facilities Corporation PREPARED BY: Don P. Bonfa, City Attorney James Georges, Deputy City Attorney r QUESTION: Can the Public Facilities Corporation file a claim under the Federal Tort Claims Act against the Civil Defense Preparedness Agency (Office of Emergency Services ) for failure to fund matching moneys promised by the Agency? ANSWER: No. DISCUSSION: The PFC cannot file a Federal tort claim because the PFC's claim is based upon contract. A tort is not involved unless the PFC can show fraud or negligent misrepresentation in the Agency' s promise to fund one half the costs of the Emergency Operations. Center. PFC 's cause of action probably is best based on contract as a third party beneficiary if it can be shown that the govern- ment unjustifiably failed to perform its obligation under the agreement, and if the PFC can show that the agreement was pri- marily for the benefit of the PFC and that the PFC was not merely an incidental beneficiary.. Also, there is no implied contract based on justifiable detrimental reliance. The government 's con- dition to contributing one half to the civil defense construction (Emergency Operations Center) is that a public entity pay the other one half of the costs of construction. Since the PFC is a private nonprofit corporation and not a public entity, it would be diffi- cult to show that the Federal government breached its contract . It may be argued that the PFC. was acting on behalf of the city when it paid 100 percent of the funds required for the construc- tion of the civil defense facility . It is true that the entire civic center is for a public purpose; nevertheless, the agreement with the Federal government is that a public entity is to pay one half the costs . i117fice of the city Attorney 1-0 'Ia�r 1^76 ur.inion No. 7(,--27 i)ublic Facilities Cornoration is caught in a "C-�tch 22" situation. All of the proceeds from the sale of the bonds have been and are bPin;; .anplied to the new civic center. `.[lie PFC 'arts paid 100 percent of the Ei:ier. gency Operation's Center con- struction.. yet, at the same tiiae, the Federal government agency is de,iiand.ing; a return of its one-half contribution towards the construction of the Ei.iergency Operations Center because of the failure of the cite to deposit, sef;regate, and have separate accounting; of the city' s one-half contribution. The basic error from which the present proble::i arises , appears to have been made when the city failed to deposit the i coney necessary to finance construction of the entire rnC -portion of the civic center and to keen separate accountin;; of .i_t . 'r'he Civil Defense Prepnxnedness A(_;ency , Rr2g;ency 7, Audl.t Report 77-4-76 1 0C in naraL.raph 5 states : "OCD (Office of Civil Defense) :'-,as no objection to the procedure that :iuntinGtIon Beach proposes to use for raisin) funds for the construction of these buildings . it. is required, however, that the city deposit the mone.y necessary to finance construction of. `;lie enti,,e EO C portion and that the costs of this structure be accounted for separately in accordance with established procedure ." (Eriphasis added. ) '.ttached is a letter from the Office of Lacersency Services to the :office of C:i;*il Defense and 11isaster settings forth the re- nuirements quoted above . Also. attached is the answer fro,,i :.;pander (:;<.,Lstle , Actin. City Administrator, to the office. of ErerGeney -ervices , which proriises ghat the city will comply :•pith_ the requirements of the Office of E,i,erg;ency Services . The cit-; 's profuse eras never .,e-t . IL appears that the city breached its promise to the Federal f?t�ency , but there is no agreement in .-7rit4nc; approved by the City Council. 'i'?iere is or..11, a letter by Llra.nder C:I.stle proni sink; that the city would rieet the Federal agency ' s requirements . Ate prohlei., cannot be resolved b,, the FTC' s relea7,ing, thr area oc- curied by the E,merg;cricy Operations ':enter to the city oecause this woulu i.;npair. the_ bond security . ' her can the PFC dive a qui_tclaim deed to the city regarding the Emergency Operations Center because this also would impair the bond security . CUiiCLtJSTU;; III eCity has no cause. of action against the Civil Defense ')f f re of ti]e C7_t`,� ;attorney 10 '.lay 1.? :)pinion : n. 7(_:� T P� �c 3 Pl-epa.redness Ar'ency on a theory of tort , and therefore , it -.-could be futile to file a claim wider tine Federal Tort Clai rs Act- . ' he city also has no cause of action t-ased on contract against t1,e Civil Defense Preparedness A,'ency because the city breached its agreement rritli the federal agency ty falling to deposit the Money necessary to finance construction of the en- tire a;crE;ency Operations Center portion and to :,-eep separate accountiii,. of such fu:ids . It is the position of the Federal A`ency that the. city did not incur any expenditure of funds since all costs raere paid for by the PFC. 00 F. BOi1PA City .attorney and c A..i,_,S GEORGES f Deputy City Attorney P 11313 :J G: a;lb cc : Bud helsi.to, Actin; Cite Adninistrator ',on :miser, Division Engineer A i,t achments ZTAT[ OF CALIFORNIA I RONALD REAGAN, Governor OFFICE OF EMERGENCY SERVICES POsT OFFICE BOX 9577 � CRAMENTO, CALIFORNIA 95823 April 9, 1971 State No, 71-214 OCD CALIF 400-18(71) Local No. HBl-71 City of Huntington Beach EOC Charles V. Collier, Coordinator Office of Civil Defense & Disaster Post Office Box 190 Huntington Beach, California 92648 Dear Mr. Collier: The proposed method of financing your new civic center and police facility, contained in your letter of January 15, 1971, was forwarded to the Office of Civil Defense, Region r Seven, for their determination as to whether or not this procedure would be acceptable. We are now in receipt of a reply from the OCD, Region Seven, which is quoted for your information and guidance: "OCD has no objection to the procedure that Huntington Beach proposes to use for raising funds for the con- struction of these buildings. It is required, however, that the city deposit the money necessary to finance construction of the entire EOC portion and that the costs of this structure be accounted for separately in accordance with established procedures. " Sincerely yours, �J �tn��1: in / ederal Financial Programs Officer 111 Fiscal and Administration Division n cc Region I Tr 7 J ♦ } �� a•Y � ► —.. .r q :/� � ,.^\ ^� :�J�1� .�r1 F1 :`� AJrninittrati 3 J .cam Fro L :. «i: ^'t u AA ....�'��l L>,�T. offic 8RANDER O. CAST ; - �1 P.O. COX 11?0 CALIFORNIA 92643 CAI. F .111A Administretn` `t _s DON P. BUtit City Acts- WARREN G. `ar I r A •�..k-:r,5 tsr9e C. fJcCracken PAUt.C. 10�: IUr:Cr Lr.1FN • Cif Cl, •`?'\" October 1.9 , 1.971 .in ...t Coon ;•r.'.+,8•andel Gibbs - •`i7 +nald D. Shipley ; Mr. John W. Hopkins Office of Emergency Services ?' P.O. Box 9577 Sacramento, California 95823x RE: State No. 71-214, OCD No. CALIF 400-1.8(71) , Local No. HB-1-71 dated April 91 1971 Pear Mr. Hopkins : f The City will deposit the money necessary to finance construction of the entire Emergency _; :"�X Coirtmand and Control Center and that the costs Y. of this structure will be accounted for _�� separately in accord with established pro- cedures and- pursuant to your letter to Charles V. Collier. Sincerely, r Z)�L�-�--,t+fir..._._ �•:�--•�_ �Mra cancer D. Castle Acting City Administrator BDC:WJL:akt ' {° cc: Mr_ . Mevis l . Mr. Arguello Mr. Horn P..--- JANIE9 R.WHEELER EARLS ROBITAILLE - OLLIN C.CLEVELAND KENNETH A. RE`/NOL.C+S DrreCtor of Pun'+C:\orks Police Chief Euilding O+rettor Planning Director V INCENT G.MO RM n•+�iii4Y+.�liV'- i.l1�S'4azMP--9i?[ �+-sue= �a vw• ...o. ..��...� _____ OFFICE OF THE CITY ATTORII.JY OPINION 140. 7F-26 10 May 1?76 i SUBJECT: Maintenance of Civic Center and Li�lrar;; REQUESTED BY : Huntington. Beach Public Facilities Corporation PREPARLll BY: Don P. Bonfa, City Attorney Janes Georges , Deputy City Attorney QUESTION 1: As between the city and the PFC, who is respon- sible for maintenance of the new civic center and rew library? Ai;S�dLIi 1: The city is responsible . QUESTION 2 : As between the cit r and t',-e PFC , who is respon- sible for design defects in construction or neg- ligent selection of construction material? A�'SWLR 2: The PFC is responsible . BACKGROUND: The above subjects arose during PFC meetinCs in w1lich there gas (iiscussion of the current underground riping corrosion problem at tiie civic center. Apparently the material teat the pipes are r1ade of is incompatible with the "hot" :,oil found in the I:unti_igton Leach area. The soil causes corrosion more rapidl!r than is normal for this area. It also appears t'iat the type of soil coniaonly fouri(I in the Huntington Beach area ;ias 1_novrn at the time a de- cision was made as to the kind of material to be used for the underground piping for the civic center and library . DISCUSSION : `.;.'he PFC, :nid c;iY,�� of. 1i�.mtin�;ton BeachT,ca.^e and Su ))_ease, Section 1.�) , sets out who is resnonsible for utilities , over- tion and maintenance . :ection 1'' reads in n.art as follows : "The City shall furnish. . .t11e aource of all sewer, grater, power, gas , telephone and other iltility services to the point of connection. . . .A long; as the City is in possession of the facilities C)I'.C1c0 of the City Attorney 3.0 May 1976 Opinion Ito. 76-26 Page 2 it shall. . .maintain the same in good repair and working order and shall have the responsi- bility for all managerient, operation, main- tenance and repair of the facilities , including without limitation, security service, janitor service, grounds keeping, power, gas, telephone, light, heating, air conditioning, water and all other utility services . . . " The Indenture of 11ortgage and Deed of Trust are silent on the subject. `.i'he PFC is responsible for the design and construction of the fa- cilities . (See Section 2 of the Lease and Sublease A-;reement .be- tween the PFC and the city. ) CONCLUSION: It appears relevant to ask the question whether corroding under- 1;round pipe is a ;maintenance problem or a design problem, that is , negligent selection of material. The City Attorney's Office does not have the technical expertise to make this factual de- termination. If, in fact, it is determined that there was negli- gence in the selection of the material for the underground pipes, then it would be a design problem and the responsibility would be the PFC's . The question is really beyond the scope of a legal opinion. Technical experts only should decide whether it is a design problem or maintenance problem. DON P. BONFA City Attorney and .r' JAr�iES GEORGES Deputy City Attorney DPB:JG:aiib cc : Bud Belsito, Deputy City Administrator Don Kiser, Division Engineer LAW OIIIC[S Or t O'MELVENY & MYERS *A, Got BII WEST SIXTH STREET } A v LOS ANOCLES.CALIFOOMIA 90017 .,INAL COPY n K L[vMOM[e=O-1180 e[ RLY MILLS OFFICE I,jr I�nl r.l s•Lcr F'IIc CAeL[AOOR[Stt••LIO«e'• 9601 WILOMIR[eOUL[VARO 1 e[w[RLT NILLII.CALIrOANIA 00910 A LT! R NAugust T[L[ONOM[[7a'Alll `""`ED 27th EURO►[AM.O//IC9 •./LAC[D[LA CONCORD[ �i 0 CATY CLERK l 9 � � LARIS N /RAMC[ r[Le►NON[[es ao•aa OUR ILL[NUMBER 406#405-10 CITY OF. HUNTINGTON BEACH Honorable City Council of the CIVIC CENTER CORPORATION _, .. _ City of Huntington Beach Gentlemen: y We have been advised by your City Administrator, Mr. Miller, that the City may wish to employ our firm as bond counsel to render legal services in connection with the financing and construction of a civic center complex and library building for the City which will be constructed on two parcels of land in the City. We understand that it is contemplated that the financing will be accomplished by means of a lease and lease-back transaction which will allow for the issuance of bonds by a nonprofit Corporation in the approximate amount of $11,000,000. We will be happy to accept such employment if our terms are satisfactory to the City. The legal services which we will perform are as follows: (1) Incorporate the nonprofit corporation: (a) Draft the Articles of Incorporation and By-Laws; (b) Supervise the first meeting of the non- profit corporation; (2) Obtain an exemption from the California Franchise Tax for this nonprofit corporation; (3) Draft a Lease and Lease-Back Agreement; (4) Draft the necessary Bond Indenture; #2 - honorable City Council of the City of - August 27, 1970 Huntington Beach (5) Obtain a permit from the California Corpora- tion Commissioner, or, alternatively, obtain an interpretive opinion with respect to the Corporation's bonds; (6) Obtain a "no-action" letter from the SEC. (If a Registration Statement must be filed, however, our fee for such work would be an amount in addition to the fee schedule pro- vided herein.) (7) Secure an IRS Ruling as to the tax exempt status of the interest on the nonprofit corporation's bonds; (8) Supervise the final bond delivery; (9) Mender an opinion on the Lease Agreement and Bonds. For these services our fee will be computed in accordance with our standard fee schedule, as follows: Amount Fee $4 ,000,000 to $10,000,000 $14,000 plus 3/40 of 18 of excerpts over $5,000,000 ($.75/$1,000 bond) Over $10,000,000 $17,750 plus 1/20 of 18 of excess over $10,000,000 ($.50/$1,000 bond) If the corporation's bonds are sold by public com- petitive bidding, it may be necessary to perform preliminary corporate securities work [a Blue Sky Survey) with respect to the offer and sale of the bonds in other jurisdictions and to register and qualify such securities in jurisdictions in which the financing consultant will distribute sales material. In this event, there would be an additional fee for such services which would be based upon an hourly rate of $50.00 per hour. In addition to the above fees, we are to be reimbursed for out-of-pocket expenses, such as long distance telephone #3 - Honorable City Council of the City of - August 27, 1970 Huntington Beach calls , telegrams, and travel. You should also be advised that it is customary for certain of the legal documents to be printed in transactions of this type. These disbursement items and the cost of -printing will be billed from time to time throughout the proceedings, and will be in addition to the other fees described herein. It is contemplated that the nonprofit corporation will be formed within a period of a few weeks after the employment of our firm by the City becomes effective and following its formation, it is understood that the City will assign our services hereunder to the nonprofit corporation and that the City will=`have no further liability unless the project is abandoned. If the project is successful and the bonds are issued, all of our fees and all of the incidental expenses {`" and other fees will be paid out of the bond proceeds. If the project is not completed or if the nonprofit corporation does not have sufficient funds when the project is abandoned, the City will pay us a reasonable fee for our services to the time of abandonment. The scope of our services is only to act as bond counsel and does not include the rendering of other services or advice or litigation not set forth in this letter. It is recognized that this firm may have clients which may from time to time have interests adverse to the City and that this firm reserves the right to represent . such clients in matters not connected with the authorization, issuance and sale of the bonds. We understand that you plan to employ financial consultants or financial agents for placing the bonds with whom we can work in the preparation and drafting of the pro- ceedings. The contract created by acceptance of this letter shall be binding upon and inure to the benefit of the firm of O'Aielveny & Myers as presently constituted -or as changed hereafter by the admission of new partners or by the death or retirement of any present or new partners, provided that the opinion of the successor firm upon municipal bonds, #4 - Honorable City Council of the City of - August 27, 1970 Huntington Beach whether under the same name or otherwise, is accepted by bond dealers and bond purchasers as readily as the opinion of the firm as presently constituted. If this arrangement is satisfactory to the City, please adopt a minute order employing us on the terms stated herein and furnish us with a certified copy thereof. Respectfully submitted, qMELY a MYERS en Stern SJS:bb Pursuant to order of the City Council of the Cite of 1untington Beach, O'Melveny & Myers is employed by said City on the terms stated in foregoing. Q. Mayor of the City of tun ngton Beach it �� ; �:o ✓e. j as to Form an(.! legality ty Attorney STATEMENT OF THE ACTION OF CITY COUNCIL Council Chamber, City Hall Huntington Beach, California Tuesday, September d, 19 O Mayor ::hipley called the regular meeting of the City Council of the City of Huntington Beach to order at 4:30 o'clock P.M. Councilmen Present: Green. Bartlett. McCracken_ Gibbs . Matney. �;hiyie;; Councilmen Absent : co en �k�lrvkk�t**�kikiAnk�k�kdnk�lt**�r�r�M�k�Ar�r�Ant�lr�t�lt�k�k�nk�ir�k�r##�k*�r�r�r�r*#�Ar* LE TTEE, AGRMT. - O'MELVENY & MYERS - CIVIC IMPROVEMENT FINANCIN:; The City Administrator informed Council of the provisions of the Let i.­r Agreement; presented to the City by the firm of O'Melveny & Myer^ cove-- i - ing the establishment of a non-profit corporation for financi.n the Library, Civic Center and Police facilities, and recommended Coullc.il approval of same . Fo i.lowi_n„ discussion, a motion was made by Councilman Green to direct tine employment of the firm of O'Melveny & Myers for the establishment cit' a non-profit corporation for financing the library, police and civic center facilities as per the terms of the Letter Agreement of August 1970. The motion was passed by the following roll call •✓r,te Councilmen: Green, Bartlett, McCracken, Gibbs, Matney, S`-.Apiry tlGl,:S: Councilmen: None &WIEN`V: Councilmen: Coen " *sir*�k�k�k�t*�kik�M-k�r*�*Ant*tktk*�kk**dir�lr yt�k�lir*k�inMr�ilnAr#�Ar�#�kylrt�rylr On motion by McCracken the regular meeting of the City Council of the City of Huntington Beach adjourned to Monday, September 14, 1970 at 7: 30 P.M. , in the Council Chambers . Motion; carried . Paul C. Jones City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California ATTEST : Donald D. Shipley Pa u1 C . Jones Mayor City Clerk STATE OF CALIFORNIA ) County of Orange ) ss : City of Huntington Beach ) I , PAUL C. JONES , the duly elected, qualified and acting City Clerk of the City of Huntington Beach, California, do hereby certify that the above and foregoing is a true and correct Statement of Action of the City Council of said City at their regular meeting held on the 8th day of September , 1970 WITNESS my hand and seal of the said City of Huntington.Beach this the i.,"'t'% day of September , 1910 Paul C. Jones City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California BY Deputy CITY OF HUNTINGTON BEACH ' INTER-DEPARTMENT .COMMUNICATION HUNTINGTON BEACH *VfA-�. A To City Administrator Ffom;•. James Georges Deputy City Attorney Subject. New, PFC• Board of Directors Date October 31, 1975 /�. ' At the .October 29, .1975 meeting of the Public Facilities Corporation the .Board members voted .to approve the new 'by • 1`aws'=of the,-PFC and also It `voted to elect two new members o.. $; `the:-Board The Board members at. first wanted ,to delete Article V...of the -new by-laws- (page 11) which requires' City Counci.l. approval- *of appointment or election of directors... Mr. •.-Steve-Stern. of O'Melveny & Myers, by telephone; advised the B;oard!'members that.'Article V is required in order=,to. : }. ,preserve:'the.'.quasi-public status of the corporation. -This is arequirement of the In Revenue Service for con- .. ; tinning: the corporation's tax .exempt status . The-: new. by-laws state that vacancies are filled .by. the majority 'of .the remaining directors . The new by-laws. also - state. (in Article V) .that the City Council of Huntington Beach shell - approve the appointment or election of`all . 'directors of this corporation. 'It is my interpretation of. the .new by-laws that the.':Board of Directors" of: the PFC fill vacancies subject to •approval by. the bity.Council within thirty days of the, election of the :new Board members.. ;:kt 4. 'Y JAMES GEORGES APPROVED: .. : Deputy City -Attorney JG:cs 8 ' DON P. BON ,F. City Attor y fit; GN PURL/C �o� Huntington Beach Public Facilities Corporation C7 INCORPORATED z y Post Office Box 190 Huntington Beach, California 92648 NOVEMBER 27,1970 , Z�'s ao� October 30, 1975 CAL IF 00" BOARD OF DIRECTORS William Armstrong It. Dudley Boyce Larry Curran Knberl N. Polly Darrell Ward TO WHOM IT MAY CONCERN : r, • Listed below are the names and address of the two newly appointed Directorsof the Huntington Beach Public Facilities Corporation: Raymond L. Bunker i7321' Whetmore � Huntington Beach , California 92647 Q Telephone : 847-5198 0 Brander D. Castle 8402 Hamden Lane Huntington Beach, California 92646 Telephone : 962-7162 Donald W. Kiser, Assistant Secretary AMENDMENT TO CERTIFICATE OF SUBSTANTIAL COMPLETION THIS AMENDMENT to that certain Certificate of Substantial Completion, dated February 13, 1975, by and among the ARCHITECT, Richard & Dion Neutra, Associates; the CONTRACTOR, Swinerton & Walberg Co. ; and the OWNER, Huntington Beach Public Facilities Corporation, with respect to the Huntington Beach Library and Cultural Resource Center, W I T N E S S E T H: The ARCHITECT, OWNER and LESSEE hereby agree to amend said Certificate of Substantial Completion as follows : The LESSEE will be completely responsible for the payment of the additional insurance premium, as well as all utilities both within the building and on the site. The LESSEE shall be responsible for retaining the services of Ernest H. Elwood as Architectural Coordinator for the purpose of administering the punch list work appended to the said Certificate of Substantial Completion. Mr. Elwood shall remain Architectural Coordinator until the final Notice of Completion has been filed with the Orange County Recorder' s Office. DATED: .2�/y�7S� CITY OF HUNTINGTON P ACH (LESSEE) � ' Mayor ATTEST: APPROVED AS TO FORM: City Clerk Cit o ne APPROVED AS TO CONTENT: City Administrator RICHARD AND DION NEUTRA ARCHITECTS & ASSOCIATES B OWNER By `` 4i� & resident ` C._RT11=1CATE OF O)WNEK ARCI1tTrcr �-4 SUBSTANTIAL CON1 RACTORHUD [_) COMPLETION OTHER [ ) AIA DOCf.IMFNT 6704 PROJECT: Huntington Beach Library ARCHITECT: Richard & Dion Neutra (name, address) & Cultural Resource Center Architects & Associates ARCHITEC'I'S PROJECT NUMBER: 7005 TO (Owner) Huntington Beach Public Facilities 1 CONTRACTOR: Swinerton & Walberg Co. CONTRACT FOR: General Construction Corp. Contr4ct Work P. O. Box 190 ( - Huntington Beach, Calif. 92648 CONTRACT DATE: September 28, 1972 DATE OF ISSUANCE: February 13, 1975 PROJECT OR DESIGNATED AREA SHALL INCLUDE: All interior spaces and exterior areas within the project limit lines, unless otherwise excluded. The Work performed under this Contract has been reviewed and found to be substantially complete. The Date of Sub- stantial Completion is hereby established as February 13, 1975 which is also the date of commencement of A warranties and I-Mranlees a wired b he C r s. or e b �nc� seSIW1� 4 1 for others, see below. DEFINITION OF DATE OF SUBSTANTIAL COMPLETION The Date of Substantial Completion of the Work or designated portion thereof is the Date certified by the Architect when construction is sufficiently complete, in accordance with the Contract Documents, so the Owner may occupy the Work or designated portion thereof for the use for which it is intended. A list of items to be completer) or corrected, [prepared by the Contractor and verified and amended by the Archily(-I, is �I1I)ended hereto. The failure to include any items on such list does not alter the responsibility of the Contractor to tort plete all Work in accordance with the Contract Documents. Richard & Dion Neutra, Associates ARCHITECT BY DATE The Contractor will complete or correct the Work on t e [is )pended he ithin FIFTY (50) days from the above Date of Substantial Completion. r Swi_nerton & Walberg Co. 2, /j V CONTRACTOR DA The Owner accepts the Work or designated portion ereof as substantially com and will assume full possession thereof at End of normal workingday: 3:30 time) on Lru:y 13, 1975 Y� )?� (date). Huntington Beach Public Facilities 2/13/75 OWNER Corporation BY DATE i The respohsibilities of the Owner and the Contractor for maintenance, heat, utilities and insurance shall be as follows: (NOTE—Owner's and Contractor's legal and insurance counsel should determine and review insurance requirements and coverage) General Contractors insurance shall be continued until th ate thF� iaatice of essee, come letel Completion is filed, and not longer than April 4, 1975. ,ti�ix p Y ( responsible for the payment of the additional insurance premium, as well as all utilities both within the building and on the site. Guarantee and Warranty periods (per t paragraph 24 of the Specification Section IA) shall commence upon acceptant ofessheis�`Vo specific portion- of work by the Owner, but not later than April 4, 1975. •Nrtx shall PM responsible for retaining the services of Ernest H. Elwood as Architectural Coordinator A I A DOCUMENT C704 ' CER[IF ICA"rF (:F CtiRgIANTIA1. CON WIFTICIN APRit. in,o ri)iII()N. • AIA-) 9maxXXX \ -u - IIIF AM[P.I( A;,! 1.,":1111111 fN A;'('III"I! IC I'IS NI\\'\'t IPt A\�F te'1\' l•���.II�':p.11��• �� . r 'N' RiIFICwATE OF OWNER AR0 III ECT U SUBSTANTIAL CON1 RACTOR ( COMPLETION OTHER [ AIA DOCUMENT G704 PROJECT: ARCHITECT: (name, address) ARCHITECT'S PROJECT NUMBER: TO (Owner) CONTRACTOR: CONTRACT FOR: CONTRACT DATE: DATE OF ISSUANCE: PROJECT OR DESIGNATED AREA SHALL INCLUDE: The Work performed under this Contract has been reviewed and found to be substantially complete. The Date of Sub- stantial Completion is hereby established as which is also the date. of commencement of all warranties and guarantees requited by the Contract Documents. DEFINITION OF DATE OF SUBSTANTIAL COMPLETION The Date of Substantial Completion of the Work or designated portion thereof is the Date certified by the Architect when construction is sufficiently complete, in accordance with the Contract Documents, so the Owner may occupy the Work or designated portion thereof for the use for which it is intended. A list of items to be completed or corrected, prepared by the Contractor and verified and amended by the Architect, is appended hereto. The failure to include any items on such list does not alter the responsibility of the Contractor to Com- plete all Work.in accordance with the Contract Documents. Richard & Dion Neutra, Associates ARCHITECT BY �f y� DATE The Contractor will complete or correct the Work o*' pe*nled re ithin days from the above Date of Substantial Completion. _Swinerton & Walberg Cb. 2 /3 7,s- CONTRACTOR DAT The Owner accepts the Work or designated portion thereof as stantially comp d will assume full possession thereof at (time) on /(7dd e). Huntington Be4ch Public Facilities 2/13 OWNER Corporation BY DATE i The responsibilities of the Owner and the Contractor for maintenance, heat, utilities and insurance shall be as follows: (NOTE—Owner's and Contractor's legal and insurance counsel should determine and review insurance requirements and coverage) for the purpose of administering the punch list work appended hereto. Mr. Elwood shall remain Architectural Coordinator until the Final Notice of Completion has been filed. ( All liquidated damage liabilities as mentioned in the contract documents will be terminated as of February 13, 1975. AIA DOCUMENT G707 r-rR{Irl(-ATF (:r s1.1!�FANIIAI coxirtrrio,,j • A1'R11 i').-n r1)111(iN AIA-- r' V'- " 111r A.\fr R1( .\r: 1"'.111itr1 !)r Avr �i,iir IC �•1; Ili\\'\ru•� nvi !.t1" \`��'.,,..�, f� .• �.. .. PGH PUBLIC�c q� Huntington Beach Public Facilities Corporation C7 INCORPORATED z y Post Office Box 190 Huntington Beach, California 92648 i OVEMBER 27,I97 y •:9, February 13 , 1975 CAL IF ORN%P BOARD OF DIRECTORS WMam Armstrong R.Dudley Boyce. Subject: Central Library Larry Curran Robert N.Polly CC-149 Darrell Ward Honorable Mayor and City Council Attention: David D. Rowlands, City Administrator Council Members : Pursuant to the Lease and Sublease, entered into by the City of Huntington Beach and the Huntington Beach Public Facilities Corpora- tion, you are hereby notified that the Central Library is substantially complete and available for occupancy. Therefore, it is requested that your Honorable Body officially accept the Central Library for occupancy and commencement of rental obligations as of February 15, 1975. Acceptance of the Central Library as being substantially completed - by the General Contractor was made at the Special Adjourned Meeting of the Board of Directors of the Huntington Beach Public Facilities Corpora- tion held on February 13, 1975 upon the recommendations of the Architec- tural Construction Coordinator and the Project Coordinator. Some work will be continuing after occupancy which is namely; com- pletion of corrective punch list items , completion of exterior and inter- ior landscaping by City forces and by City contract, and movein of City purchased materials. However, these workings will not effect occupancy which in actuality is to be an operational movein preparatory to the Grand Opening scheduled for April 5, 1975. It is recommended that your Honorable Body make this long awaited acceptance via approval of the accompanying resolution. Very truly yours, Donald W. Kiser, Asst. Sec. HBPFC DWK/aj o %- RTIFICATE OF 0bVNEK Iil ARCIiarcr LI SUBSTANTIAL CONTRACTOR CJ (: COMPLETION FIFI.l.) I Ll OTHER 4 AIA DOrI.►MF.NT G70,1 PROJECT: Huntington Beach Library ARCHITECT: Richard & Dion Neutra (name, address) & Cultural Resource Center Architects & Associates ARCHITECT'S PROJECT NUMBER:. 7005 TO (Owner) CONTRACTOR: Swinerton & Walberg. Co. Huntington Beach Public Facilities CONTRACT FOR: General Construction Corp. Contr#ct-"Work P. O. Box 190 ( Huntington Beach, Calif. 92648 -- L CONTRACT DATE: September. 28, 1972 DATE OF ISSUANCE: February 130, 1975 PROJECT OR DESIGNATED AREA SHALL INCLUDE: All interior spaces and exterior areas within the project limit lines, unless otherwise excluded. The Work performed under this Contract has _been reviewed and found to be substantially complete. The Date of Sub- stantial Completion is hereby established as February 13, 1975 wltith is also the date of commencement of Xbt warranties and tuaranlees a uired b1 d1h8eCc M AMOWs. for e elecTTIC31, for others, see below. DEFINITION OF DATE OF SUBSTANTIAL COMPLETION the'Date-"of_Substantial.Completion of the. Work or designated portion thereof is the Date certified by the Architect when construction is sufficiently complete, in accordance with the Contract Documents, so the Owner may occupy the Work or designated portion thereof for the use for which it is intended. 'A lv�t of items to be completed or corrected, prepared by the Contractor and verified and amended by the Archile,t; is -1ppended hereto. The failure to include any items on such list does not alter the responsibility of the Contractor to (orlt- plete all Work in accordance with the Contract Documents. Richard & Dion Neutra, Associates ARCHITECT By DATE The.Contractor will complete or correct the Work on t e lis )pended he ithin FIFTY (50) days from the above Date of Substantial Completion. . Sw_in_erton & Walberg Co. 2 //.l 7.r CONTRACTOR 71 bAIFE The Owner accepts the Work or designated portion ereof as substantially com and will assume full possession thereof at End of normal working day: 3:30paa(time) on Mruary 13, 1975 (date). kiuntington Beach Public Facilities 2/13/75 OWNER Corporation By DATE i The responsibilities of the Owner and the Contractor for maintenance, heal, utilities and insurance shall be as follows: (NOTE—Owner's and Contractor's legal and insurance counsel should determine and review in;urance requirements and coverage) General Contractors insurance shall be continued until th ate the Final Notice of essee, will be completely Completion is .filed, and not longer than April .4, 1975. itifidt�c�ix. P y responsible for the payment of the additional insurance premium, as well as all utilities both within the building and on the site. Guarantee and Warranty periods (per paragraph 24 of the Specification Section IA) shall commence upon acceptance ressteee specific portion. of work by the Owner, but not later than April 4, 1975. *�Awmtex shall be responsible for retaining the services of Ernest H. Elwood as Architectural Coordinator ' AIA DOCUMENT G704 CF.RFIFICnTF ( r'C;lfl, TI NTIAt ComrIFTIOIN AIR in,ln,'0 ftllll(tV AIA--) sm�atxscrcx ', !' ' 111i A\IFF:If'�tJ It.=11111!r ftf 417f'lllllr I'; 1'1S NI\\"•' irt� AVF N. \' \•'.t..�li':� I�•" �`• �� Page. -1- of -2- ` 'CERTIFICATE OF OWNER fJ ARCHITECT U SUBSTANTIAL CONTRACTOR COMPLETION OTHER FIELD �1 AIA DOCUMFNT C704 PROJECT: ARCHITECT: (name,address) ARCHITECT'S PROJECT NUMBER:* TO (Owner) CONTRACTOR: CONTRACT FOR: .' CONTRACT DATE: DATE OF ISSUANCE: PROJECT OR DESIGNATED AREA SHALL INCLUDE: The.Work performed under this Contract has been reviewed and found to be substantially complete. The Date of Slib- stantial Completion is hereby established as which is also the date of commencement of all warranties and guarantees required by the Contract Documents. DEFINITION OF DATE OF SUBSTANTIAL COMPLETION The Date of Substantial Completion of the Work or designated portion thereof is the Date certified by the Architect when. construction is sufficiently complete, in accordance with the Contract Documents, so the Owner may occupy the Work or i designated portion thereof for the use for which it is intended. ' A list of.items to be completed or corrected, prepared by the Contractor and verified and amended by the Architect, is -appended hereto. The failure to include any items on such list does not alter the responsibility of the Contractor to com- plete all Work in accordance with the Contract Documents. Richard & Dion Neutra, Associates ARCHITECT BY DATE The Contractor will-complete. or correct the Work on the pen here ithin days from the above Date,of Substantial Completion. - _S_w_iner_ton & Walberg , CD. 2 13 V CONTRACTOR B DAT The.Owner accepts the Work or designated portion thereof as stantially comp d will assume full possession thereof at (time) on ld Huntington Be4ch Public Facilities 2/13/� e) OWrvER Corporation BY DATE The responsibililies of the Owner and the Contractor for maintenance, heat, utilities and insurance shall be as follows: (NOTE—Owner's and Contractor's legal and insurance counsel should determine and review insurance requirements and coverage) for the purpose of administering the punch list work appended hereto. Mr. Elwood shall remain Architectural .coordinator until the Final Notice of Completion has been filed. �• All liquidated damage liabilities as mentioned in the contract documents will be terminated as of February 13, 1975. AIA 00CUmENT G704 CER{IFICATF Cr Stl{t�TA\TIAt C.O.WIfTION .AI'Rll �9'n rlllllr�\ AIA ,t. Lr Illr A11fRU nr_I 1:'l1I Ilr11- lir nrr �I�Irr 1,: i•IG NI\\'�ru'6 Avt r.!�.• �, .•.i n•., r�c• . r ,1 RESOLUTION NO. 4022 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH ACCEPTING THE NEW CENTRAL LIBRARY FROM THE HUNTINGTON BEACH PUBLIC FACI- LITIES CORPORATION FOR OCCUPANCY AND RENTAL WHEREAS, the City of Huntington Beach and. the Huntington Beach Public Facilities Corporation have entered into that certain "Huntington Beach Public Facilities Corporation and City of Huntington Beach Lease and Sublease" , dated September 1, 1972; and Written notice that the Central Library is substantially completed and available for occupancy has been served on the City; and The City and Huntington Beach Public Facilities Corporation agree that completion of corrective punch list items by the General Contractor, completion of the exterior landscaping by City forces , and completion of the interior landscaping by a separate contract let by the City, and move-in of materials Purchased by the City will not effect occupancy for the purpose intended, NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby resolve to accept the Central Library from the Huntington Beach Public Facilities Corporation for occupancy and rental payments commencing February 15, 1975 in accordance with Sections 4, 5 and other appropriate sections of said "Huntington Beach Public Facilities Corporation and City of Huntington Beach Lease and Sublease" . PASSED AND ADOPTED by the City Council of the City of Huntington Beach at an adjourned regular meeting thereof held I er 1. 9 on the 14th day of February, 1975. ATTEST: Mayor City Clerk APPROVED AS TO FORM: moo„„ City Attor APPROVED AS TO CONTENT: City Administrator 2. J ' R .. No. 4022 STATE OF: CALIFORNIA ) COUNTY OF ORANGE CITY OF HUNT INGTON BEACH ) .I, ALICIA M. WENTWORTH, the duly elected, qualified City- Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of more than a majority of all the members of said City Council at a regular adigurned meeting thereof held on the 14th. day of' rphruarx , 19 75 , by the following vote: AYES: Councilmen: Sh Rley. Bartlett, Gibbs, Wieder, Coen NOES: Councilmen: None ASSENT: Councilmen: Matnev. Duke City-Clerk. and ex-officio Clerk of the.City Couheil of'the-City of Huntington Beach, California is• '. see Huntington Beach Public Facilities Corporation to BANK OF AIIERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, TRUSTEE LOS ANGELES, CALIFORNIA 1nbrtftrr of fi qr aub Dub of UQTrtst Dated as of September 1, 1972 $5,000,000 Huntington Beach Public Facilities Corporation LEASEHOLD MORTGAGE BONDS SECOND ISSUE Dated September 1, 1972 Recorded in the Office of the County Recorder of Orange Count- on ............................... 1972 as Document No. ........, Book ......... page ...... of Official Records of Orange County. TABLE OF CONTENTS Page Parties.---••..................................................................................................• .......... 1 Recitals..........._.............................................................................._.................._.... .. 1 ClauseFirst......................................-----......------...............---•--....................------.----- 3 ClauseSecond.......................................................................................................... 3 ClauseThird......................•---..............................---...................................._.......--.-- 3 ClauseFourth.......................................................................................................... 3 ARTICLE I Definitions Section 101 Definitions........................................................•--•-•-----.....-•--•---•--...._...---.--... 4 102 Inclusiveness of Certain Terms................................._........................... 6 103 References to Indenture..................•-------..----------..................................... 6 ARTICLE II Form, Authentication, Delivery and Registration of Bonds 201 Bonds Issued Only in Accordance with Indenture.......................... 6 202 Form of Bonds and Security.................................................................. 6 203 Details of Bonds............................................................._......................... 7 204 Authentication of Bonds.......................................................................... 9 205 Registration of Bonds------------ •................•---------........--------....................-- 9 206 Payments to Registered Owners of Bonds........................................ 11 207 Filing of Closing Documents and Delivery of Bonds.................... 11 208 Disposition of Bond Proceeds...................................................... .......... 12 209 Mutilated, Destroyed, Lost or Stolen Bonds............................ ....... 12 ARTICLE THREE Redemption of Bonds Prior to Maturity 301 Redemption Dates................................................................................... .. 13 302 Method of Redemption............................................................................. 14 303 Notice of Redemption............................................................................. 14 i i ll Section Page 304 Cessation of Interest Upon Redemption......................................... 15 305 Bonds No Longer Outstanding........................................_................... 16 ARTICLE IV Custody and Application of Proceeds of Bonds 401 Disposition of Moneys in the Construction Fund............................ 16 402 Payments Made from Construction Fund......................................... 18 403 Procedure of Making Payments from Construction Fund............ 18 404 Retention of Records of Transactions................................................ 20 405 Audit of the Construction Fund......................................_.................. 20 406 Completion Certificate and Transfer of Moneys..._.......................... 20 ARTICLE V Rental Revenues and Application Thereof 501 Establishment of Special Trust Funds................................................ 21 502 Rental Revenue Fund and Application....................._......................... 21 503 Debt Service Fund.................................................................................... 22 504 Bond Redemption Fund........................................................................... 22 505 Administrative Expense Fund................................................................ 23 506 Reserve Fund.............................................................................................. 24 507 Unclaimed Moneys for Payment of Bonds and Interest............... 24 508 Disposition of Redeemed Bonds and Coupons.................................. 25 509 Pledge of all Rental Revenue and Moneys....................................... 25 ARTICLE VI Security for Deposits and Investment of Funds 601 Moneys Deposited to be Held in Trust............................._.............. 25 602 Security for Deposits................................................................................ 26 603 Investment of Funds................................................................................ 26 604 Investments and Income as Part of Funds; Liquidation.............. 26 1 � n Section page 304 Cessation of Interest Upon Redemption...._....................................... 15 305 Bonds No Longer Outstanding............................................................. 16 ARTICLE IV Custody and Application of Proceeds of Bonds 401 Disposition of Moneys in the Construction Fund............................ 16 402 Payments Made from Construction Fund.......................................... 18 403 Procedure of Making Payments from Construction Fund............ 18 404 Retention of Records of Transactions.................................................. 20 405 Audit of the Construction Fund........................................................... 20 406 Completion Certificate and Transfer of Moneys............................... 20 ARTICLE V Rental Revenues and Application Thereof 501 Establishment of Special Trust Funds................................................ 21 502 Rental Revenue Fund and Application............................................... 21 503 Debt Service Fund......................................................................._..---....... 22 504 Bond Redemption Fund............................................................................ 22 505 Administrative Expense Fund................................................................ 23 506 Reserve Fund.............................................................................................. 24 507 Unclaimed Moneys for Payment of Bonds and Interest............... 24 508 Disposition of Redeemed Bonds and Coupons.................................. 25 509 Pledge of all Rental Revenue and Moneys....................................... 25 ARTICLE VI Security for Deposits and Investment of Funds 601 Moneys Deposited to be Held in Trust............................._.............. 25 602 Security for Deposits..................•............................................... ----......... 26 603 Investment of Funds................................................................................ 26 604 Investments and Income as Part of Funds; Liquidation.............. 26 i i Section Page ARTICLE VII i Covenants 701 Covenants and the Duration Thereof..._.............................._............. 27 Covenant 1 Prompt Payment............................................................. 28 Covenant 2 To Construct................................... Covenant 3 To Discharge All Lawful Claims............................... 29 Covenant 4 Use of Rental Revenue for Proper Purpose.......... 29 Covenant 5 Protection of Funds------------------------------------------------------- 29 Covenant 6 Records and Audit.......................................................... 29 Covenant 7 Maintenance of Properties............................................ 30 Covenant 8 Against Debt.................................................................... 30 Covenant 9 :Against Liens and Encumbrances.. ............... 31 Covenant 10 To Maintain Insurance................................................. 32 Covenant 11 Performance...................................................................... 35 Covenant 12 To Maintain Corporate Existence.............................. 35 Covenant 13 Not to Distribute Profits.............................................. 35 Covenant 14 Disposition of Condemnation Award........................ 35 Covenant 15 To File Claims................................................................. 36 Covenant 16 To Maintain Paying Agents........................................ 36 Covenant 17 Arbitrage............................................................................ 36 ARTICLE VIII Remedies of Trustee and Bondholders ! 801 Events of Default-•.........................................................................----------- 37 802 Action Upon Default.............................................................................. 38 803 Application of Moneys Upon Default.................................................. 40 804 Discontinuance of Any Proceeding ............. 42 805 Action of Trustee Directed by Majority of Bondholders.............. 42 8M Notice to Trustee Before Legal Action.............................................. 42 807 Action by Trustee on Behalf of Bondholders................................... 43 808 Remedies Cumulative..................................... ...... 43 809 No Waiver of Default....................._...................................................... 43 810 Notification of Default.................................•........................................... 44 I i I i iv I Section Page i ARTICLE IX Concerning the Trustee 901 Acceptance of Trusts by Trustee......................................................... 44 902 Absence of Responsibility of Trustee........._............_......................... 45 903 Trustee not Responsible for Actions of Corporation...................... 45 904 Compensation of Trustee......................................................................... 45 905 Trustee's Right to Own and Deal in Bonds...._..._........................ 906 Duties and Responsibilities of Trustee................................................ 46 907 Certain Rights of Trustee................................................................. 47 908 Right of Trustee to Rely on Certificates....._.............._..._................ 47 909 Eligibility for Appointment as Trustee....................._....................... 48 910 Resignation and Removal; Appointment of Successor Trustee.... 48 911 Acceptance of Appointment by Successor Trustee........................ 50 912 Merger or Consolidation of Trustee................................._................. 50 913 Requirements as to Trustee's Records.............................................. 51 I ARTICLE X Execution of Instruments by Bondholders and Proofs of Ownership of Bonds 1001 Method of Execution of Instruments by Bondholders................... 51 ARTICLE XI ` Supplemental Indentures f 1101 Without Consent of Bondholders.......................................................... 52 1102 With Consent of Bondholders................................. ........................... 52 1103 Approval by Counsel............................................................................... 54 1104 Approval by Corporation and Bondholders.................................... 54 ARTICLE XII i Defeasance 1201 Payment of Bonds and Discharge of Indenture.............................. 55 1202 Bonds, Coupons and Redemption Price Deemed to be Repaid........ 55 i 1 Section Page I ARTICLE XIII j Miscellaneous Provisions 1301 Successor to Corporation.........._.._..........._......_................................... 56 ' 1302 Notice................................................................................... ............. 56 1303 Indenture for Sole Benefit of Parties and Bondholders.._............. 56 1304 Severability......................................._.......................................................... 57 i 1305 Waiver of Personal Liability.............................................................. 57 1306 Subordination of Indenture........................................................................ 58 a 1307 Validity of Multiple Copies------------------------------------------------------------------------ 58 !ff ,f 1308 Headings........................................................................................................ 58 Execution......................_......................................_....._.........._......._..................... 58 fi Formof Bond........._....._..._....---- ._.................................................................. 63 ► I Formof Interest Coupon...._............................................................................. 67 i Form of Registration......................... ..._..._.-....._...................... 68 Formof Registered Bond................................................................._................. 69 Form of Trustee's Authentication Certificate................._............................. 74 This table of contents is presented for convenience and reference only and is not to be deemed a part of this Indenture. if i 1 .I i i 6---wwww ems 1 This Mortgage is, among other things a Mortgage of Chattels THIS INDENTURE OF MORTGAGE AND DEED OF TRUST, dated as of the first day of September, 1972, by and between HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION, a corporation duly organized and existing as a non-profit corporation under and by virtue of the laws of the State of California, and BANK of AMERICA '. NATIONAL TRUST AND SAVINGS ASSOCIATION, a national banking associa- tion duly organized and existing under the laws of the United States of America and having a principal office in the City of Los Angeles, California, which is authorized under such laws to exercise corporate trust powers, as Trustee, AVITNESSETH: WHEREAS, pursuant to a certain Lease entitled "Huntington Beach Public Facilities Corporation Lease and Sublease" the Corporation has leased from the City for the term stated therein, certain real property owned by the City and described in Clause First of the granting clauses E of this Indenture; and WHEREAS, pursuant to the provisions of the Lease, the Corporation lias agreed to construct certain buildings and related facilities including a library building and related facilities to such building (the "Facili- ties") in accordance `vith the plans and specifications referred to in the Lease; and 1 WHEREAS, the Corporation has subleased to the City said real property, as improved by the construction of the Facilities, for the term set. forth in the Lease; and WHEREAS, the Corporation has determined to provide under this Indenture for the issuance of its Leasehold Mortgage Bonds, for the purpose of providing funds to pay the costs of acquisition, construction and development of the Facilities; and WHEREAS, the Articles of Incorporation of the Corporation provide i that it is organized as a nonprofit corporation, and that no gains, profits or dividends shall be distributed to and- of its members, and no part of the net earnings, funds or assets of the Corporation shall inure to the benefit of any inember, private shareholder or individual or anv other person, firm or corporation excepting only the City, and that the property of the Corporation is irrevocably dedicated to charitable i 1 ' • I i I i 1 i purposes; and that upon the dissolution, liquidation or winding up I of the Corporation, the assets of the Corporation remaining after payment of or provision for all debts and obligations of the Corpora- tion shall be distributed to the City; and i WHEREAS, the Corporation has determined that the Bonds shall be secured by this Indenture and has ascertained and determined that the provisions herein contained for protecting and enforcing the rights and remedies of the Holders of such Bonds are reasonable, proper and in i accordance with law, that this Indenture is necessary to the perform- ance of its duties and the execution of its powers under law, and does deem and determine all of the provisions herein contained to be reason- able and proper for the security of the Holders of such Bonds; and WHEREAS, the execution and delivery of this Indenture have been duly authorized by resolution of the Board of Directors of the Corpora- tion; and WHEREAS, all acts and things required by law and by the Articles of Incorporation and By-Laws of the Corporation necessary to make this Indenture a valid and binding trust instrument for the security of all Bonds duly issued hereunder, have been done and performed and the execution and delivery of this Indenture have been in all respects duly i authorized; and i WHEREAS, the Trustee has accepted the trust created and estab- lished by this Indenture and in evidence thereof has joined in the execution hereof; Now THEREFORE, THIS INDENTURE WITNESSETH, that in considera- tion of the premises, of the acceptance by the Trustee of the trust hereby created, and of the purchase and acceptance of the Bonds ''• by the Holders thereof, and of the sum of one dollar paid to the Corporation by the Trustee at or before the delivery hereof, the receipt of which is hereby acknowledged, and for the purpose of fixing and E declaring the terms and conditions upon which the Bonds are to be F issued, authenticated, delivered, secured and accepted by all persons who shall from time to time be or become Holders thereof, and in order to secure the payment of all the Bonds at any time issued and outstanding hereunder and the interest thereon according to their tenor, purport and effect, and in order to secure the performance and 2 �4 r i �s f I observance of all of the covenants, agreements and conditions therein and herein contained, the Corporation by these presents does grant, f bargain, sell, release, convey, assign, transfer, mortgage and confirm unto the Trustee the following property, rights and privileges (which € collectively are hereinafter called "the Trust Estate"), to wit: CLAUSE FIRST The leasehold estate of the Corporation created under the Lease, by which Lease, among other things, the City demised to the Corpora- tion for the term of years set forth therein, and on the terms, conditions and provisions set forth therein, the premises described in Exhibit A attached hereto and made a part hereof. CLAUSE SECOND Also, all right, title and interest of the Corporation, under the Lease or otherwise, in and to all buildings, structures and improve- ments now located or hereafter to be erected in, under or upon the premises demised by the Lease. CLAUSE THIRD Also, all property which is by the express provisions of this Inden- ture, required to be subjected to the lien hereof; and any additional property that may from time to time, by delivery or by writing of any kind, be subjected to the lien hereof by the Corporation or by anyone in its behalf, and the Trustee is hereby authorized to receive the same at any time as additional security hereunder. CLAUSE FOURTH Also, all the rents, issues, profits, revenues and other income or proceeds or receipts of the Trust Estate, which rents, issues, profits, revenues, income and other proceeds or receipts are hereby expressly assigned, with the right to take and collect said rents, issues, profits, revenues, income and proceeds and receipts. To have and to hold the Trust Estate unto the Trustee and its successors and assigns forever. 3 I� ��„ Subject, however, with respect to all of the foregoing clauses, to such permitted encumbrances under this Indenture as may be superior (by operation of law or otherwise) to the lien hereof. But in trust, nevertheless, with power of sale, for the equal and proportionate benefit of the Holders from time to time, of all the Bonds (and their pertinent coupons) authenticated hereunder and issued by the Corporation and outstanding without any priority of any one Bond or coupon over any other. And upon the trusts, and subject to the covenants and conditions hereinafter set forth. ARTICLE I DEFINITIONS Section 101. Definitions. The following words and terms, unless a different meaning clearly appears from the context, shall have the follo«zng meanings in this Indenture: "Bond" or "Bonds" shall mean any Bond or Bonds authenticated and delivered under and pursuant to the provisions of this Indenture. "Bondholder" or "Holder", or any similar term when used with reference to a Bond or Bonds, shall mean the bearer or owner of any outstanding Bond or Bonds. "Bond Counsel" shall mean the firm of O'Melveny&Myers or other nationally recognized bond counsel of favorable reputation. "Bond Registrar" shall mean the Trustee. "City" shall mean the City of Huntington Beach. "Consulting Architect" shall mean the architect or architects, or firm or firms of architects, having a favorable repute for skill and experience as consulting architects, or an engineer or engineers, or firm or firms of engineers, each having a favorable repute for skill and experience as consulting engineers, at the time retained by the Corporation or by the City on behalf of the Corporation to perform the acts and carry out the duties provided for such Consulting Archi- tectsin this Indenture. "Corporation" shall mean the Huntington Beach Public Facilities Corporation. 4 i 1 - i i i i t I I i "Cost of the Project" shall mean the cost of the acquisition, con- struction, development, and financing of the Project to and including the date of completion, and shall include, without limitation, the cost of acquisition of any land or interest therein required therefor, the cost of any taxes or assessments paid or to be paid to any local govern- mental body, the cost of any indemnity and surety bonds and premiums on title insurance and insurance during construction, the administrative s expenses of the Corporation, including, without limitation, compensa- tion of employees of the Corporation and consultants engaged in super- if vision, inspection or testing of materials, legal fees, any fees or ex- penses of the Trustee during construction, the cost of issuance of the Bonds by the Corporation and commissions, financing charges and fees and expenses of attorneys, accountants, financial advisers and con- sultants, the cost of audits, the cost of engineering, architectural services, plans, specifications and surveys, estimates of cost, the re- imbnrsement of all moneys, if any, advanced by the City or any other public agency, instrumentality, commission or officer, from public funds for the payment of any item or items of cost of the Project, and such other costs and expenses, whether or not specified herein, as may be necessary or incidental to the acquisition, construction, development and financing of the Project, and the placing of the same in operation. f f "Fiscal fear" shall mean the fiscal year as established from time � to time by the City, being as of the date of this Indenture, the period from July 1 to and including the following June 30. "Lease" shall mean the Huntington Beach Public Facilities Corpo- ration Lease and Sublease. "Paying Agent" shall mean such paying agent as may from time to time be designated by the Corporation. "Project" shall mean the acquisition construction and development of the facilities described in the recitals hereof,as required by the Lease. "Rental Revenue" shall mean all rent received by the Trustee under the Lease and this Indenture from the rental of the Project, all damage payments received from the City that are not a part of the "Cost of the Project", all damage payments received from any contractor in connection with the Project to the extent that such damage payments are attributable to delay in completion and all proceeds of rental interruption insurance policies, if any, carried with respect to the Project pursuant to the Lease or in accordance with this Indenture. 5 x i; s "Trustee" shall mean Bank of America National Trust and Savings Association,its successor or successors and any other corporation which may hereafter be substituted in its place as Trustee under this Inden- ture. N Section 102. Inclusiveness of Certain Terms. Words of the mas- culine gender shall be deemed and construed to include correlative t cords of the feminine and neuter genders. Unless the context shall I; otherwise indicate, the words "Bonds", "coupon",coupon» "owner",owner", "Holder" and "person" shall include the plural as well as the singular number, and the word "person" shall include corporations and associations, ' including public bodies, as well as natural persons. Section 103. References to Indenture. The terms "hereby", "liereof", "hereto", "herein", "hereunder", and any similar terms, as used in this Indenture, refer to this Indenture, and unless the context shall otherwise indicate, the term "Indenture" shall mean this Inden- ture together with any Indenture supplemental hereto. ARTICLE II FORM, AUTHENTICATION, DELIVERY AND REGISTRATION OF BONDS Section 201. Bonds Issued and in Accordance with Indenture. No Bonds may be issued under the provisions of this Indenture except in accordance with the provisions of this Article. �C Section 202. Form of Bonds and Security. All Bonds shall be initially issued in coupon form parable to bearer and registrable as to principal alone (hereinafter referred to as "coupon Bonds"), exchange- f able for bonds in fully registered form without coupons (hereinafter referred to as "fully *registered Bonds" or "registered Bonds"). All ('e111)0n Bonds shall be issued in the denomination of $5,000 each. All full-registered Bonds shall be issued in the denomination of$5,000 each, or anY multiple thereof. The coupon Bonds and the coupons to be attached thereto shall be substantially-in the form set forth in Exhibit B, attached hereto and by this reference incorporated herein; the form of full registered Bonds without coupons shall be substantially in the form set forth in Exhibit C, attacbed hereto, and by this reference in- ")"I)O 'ated herein; and the Trustee's certificate of authentication to be endorsed on all Bonds and the form of assignment on all Bonds shall be substantially- in the form set forth in Exhibit D, attached hereto, and by this reference incorporated herein; provided, however, that 6 i ja such modifications, insertions, oinissions and changes as are required or permitted by this Indenture or any supplemental indenture hereafter entered into under the provisions of this Indenture may be made; and provided, further that any or all of said Bonds may have endorsed thereon such legends or teat as may be necessary or appropriate to conform to the rules and regulations of any governmental authority ; or any wage or requirement of law with respect thereto. ` is This Indenture shall be a continuing lien to secure the full pay- ment of the principal, interest and redemption price on the Bonds executed, authenticated and delivered pursuant to the terms hereof, n•itllout priority as to the security afforded by this Indenture of any Bond over any other Bond by reason of date of issue, date of maturity, date of delivery or any other characteristics whatsoever. The Bonds shall be direct obligations of the Corporation, and the full faith and credit of the Corporation are hereby pledged for the payment of such principal, interest and redemption price. P �ec•tion 203. Details of Bonds. There shall be authenticated and delivered under and secured by this Indenture, for the purpose of WIN irNg the Cost of the Project, Bonds in the aggregate principal 1111101111t Of $5.000.000. The Bonds thus to be authenticated and de- livered shall be designated "Huntington Beach Public Facilities Corpo- ra!i m. Leasehold Mortgage Bonds, Second Issue", shall be numbered in Such reasonable manner as the Trustee in its discretion shall determine, <1u111 bear interest parable semi-annually- on the first day- of September and t11e first day- of March in each rear at the rates per annum and shall "Nature serially on September 1, in the rears and amounts as follows: Year Interest Interest Amount Rate Year Amount Rate 1975 $105,000 7 1987 $210,000 51/2 % 1`•t7G 1101000 7 1988 230,000 51/2 1977 120,000 9 7 S 7 1989 240,000 5.60 130,000 7 1990 2609000 5.60 1979 135,000 7 1991 270,000 5.60 1950 110,000 7 1992 290,000 5.70 19S1 150,000 7 1993 30.5,000 53/4 160,000 7 1.991 3`?0,000 53/4 1953 170 000 1951 7 1995 34 O,000 53/.1 1S0,000 5.90 1996 M0,000 5 19,5 1.90,000 5.40 1997 3S5,000 5 19SG M0,000 511.2 7 I- �: • l i i; All coupon Bonds issued under this Indenture and all fully registered Bonds delivered pursuant to Section 202 are to be dated September 1, 1972. Thereafter, fully registered Bonds shall be dated and shall bear interest as hereinafter provided: (i) if such fully registered Bonds are issued on a date which is between interest pay- ment dates, such Bonds shall bear interest from, and shall be dated as of the interest payment date next preceding the date on which the same shall be authenticated by the Trustee; or (ii) if the date of authentication shall be an interest payment date, such Bonds shall hear interest from and shall be dated as of such interest payment date; or (iii) if such Bonds are authenticated and delivered upon transfer of or in exchange or substitution for a Bond or Bonds on which interest is in default, such Bonds shall bear interest from and shall be dated as of the date from which interest is payable on such L'ond or Bonds; or (iv) if such date of authentication shall be a (late prior to the first interest payment date, such Bonds shall bear interest from and shall be dated as of the commencement of the first interest period. In case any officer of the Corporation whose signature, or a fac- simile thereof, shall appear on any Bonds or coupons shall cease to be such officer before the delivery of such Bonds, such signature, or fac- simile thereof, shall nevertheless be valid and legally sufficient for all ]),:rposes as fully and to the same extent as if he had remained in office until the delivery, of such Bonds. And Bonds or coupons may be signed by, or bear the facsimile signature of, such officers of the Corporation who at the actual time of the execution of such Bonds or coupons shall be the proper officers to execute such Bonds or coupons, although at the date of issuance stated in sari Bonds such officers did not then hold such offices. The principal of, interest and any premium on the Bonds shall he payable in lawful money of the United States of America. The principal of, interest on, and any premium upon the redemp- tion thereof on all fully registered Bonds shall be payable at the corpo- rate agency division of the Trustee in Los Angeles, California and on all coupon Bonds shall be parable at the corporate agency division of the Trustee or the principal office of any Paying Agent or Agents at the option of the holder thereof. Payment of interest on coupon Bonds rep- resented by coupons shall be made only upon presentation and sur- render of the coupons representing such interest as the same respee- 1 i7. I; I� i� �z i �j 'a .a �a :i tively fall due. Payment of the interest on each fully registered Bond writhout coupons shall be made on each interest payment date to, or upon the order of., the person appearing as the registered owner thereof, at F the close of business on the lath day preceding the interest payment date, on the registration books kept by the Bond Registrar, hereinafter prodded for, by check or draft. mailed to such registered owner at his address as it appears on such registration books. Payment of the prin- cipal of all coupon bonds and of all fully registered bonds shall be made only upon the presentation and surrender of such Bonds as the same shall become due and payable. �r Section 204. Authentication of Bonds. Only such of the Bonds as shall have endorsed thereon a certificate of authentication sub- stantially in the form set forth in Exhibit A duly executed by the Trustee, shall be entitled to any rights, benefits, or security under this Indenture. No Bonds, and no coupon appertaining to any Bond, shall be valid or obligatory for any purpose unless and until such certificate of authentication shall have been duly executed by the Trustee, and such certificate of the Trustee upon any such Bond shall be conclusive and the only evidence that such Bond has been duly r authenticated and deliverecl under this Indenture. The Trustee's cer- tificate of authentication on any Bond shall be deemed to have been i duly executed if signed by an authorized officer of the Trustee, but it shall not be necessary that the same officer sign the certificate of aut-lientication on all of the Bonds that may be issued hereunder at any one time. Before authenticating or delivering any Bonds with coupon the Trustee sliall detach and cancel all matured coupons, if any, appertaining thereto, representing interest theretofore paid. Such cancelled coupons may at any time be destroyed in the manner provided in this Indenture. Section 205. Registration of Bonds. Title to any coupon Bond, unless such Bond is registered as to principal in the manner herein- after provided, and to any interest coupon, shall pass by deliver- in the same manner a:� a negotiable instrument parable to bearer. At the Option of the bearer, any coupon Bond may- be registered as to principal on books for the reggistration and transfer of Bonds, kept by the Bond Registrar, upon presentation thereof to the Bond Registrar, which shall male notation of such registration thereon. Any coupon Bond registered as to principal may thereafter be transferred only- upon an assigmnent duly executed by the registered owner or his attorney, 9 r �1 _ ram i i I substantially in the form set forth in Exhibit D, such transfer to be made on such books and endorsed on the Bond by the Bond Registrar. Such transfer may be to bearer and thereby transferability by delivery shall be restored, subject, however, to successive registra- tions and transfers as before. Registration of any coupon Bond as to principal, however, shall not affect the negotiability by delivery of the coupons pertaining to such Bond, but every such coupon shall continue to pass by delivery merely and shall remain payable to bearer. Any fully registered Bond may be transferred only upon the books for the registration and transfer of Bonds, upon the surrender thereof at the corporate agency division of the Bond Registrar, together with an assignment duly executed by the registered owner or his attorney, substantially in the form set forth in Exhibit D. Upon the trans- fer of any such fully registered Bond, there shall be issued in the name of the transferee a new fully registered Bond or Bonds of any of the authorized denominations, or, at the option of the transferee, coupon Bonds with coupons attached representing all unpaid interest due or to become due thereon, of the same aggregate principal amount, !. interest rate and maturity, as the surrendered Bond. Coupon Bonds, upon the surrender thereof to the Bond Registrar with all unmatured coupons and all matured coupons in default, if any, pertaining thereto, may at the option of the Holder or registered owner thereof, be exchanged for an equal aggregate principal amount of fully registered Bonds of like interest rate and maturity of the j authorized denominations. Fully registered Bonds, upon the surrender thereof to the Bond Registrar, together with an assignment duly exe- cuted by the registered owner or his attorney, substantially in the form set forth in Exhibit D, may, at the option of_the registered owner thereof, be exchanged for an equal aggregate principal amount of coupon Bonds with coupons attached representing all unpaid interest due or to become due thereon, or for registered Bonds of any other C authorized denominations, of like interest rate and maturity. One exchange or transfer of a fully registered Bond for a coupon { Bond or coupon Bonds will be made without charge to the Bondholder. The Corporation and the Bond Registrar may make a charge for every other exchange or transfer of Bonds sufficient to reimburse them for any tax, fee or other governmental charge, required to be paid with respect to such exchange or transfer and the cost of preparing each new Bond delivered upon such exchange or transfer and any and all other expenses of the Corporation and the Bond Registrar incurred ro p 1 _ I in connection therewith, and all such charges shall be paid before any such exchange or transfer shall take place. Neither the Corporation nor the Bond Registrar shall be required to make any such exchange or transfer of a Bond during the fifteen (15) days next preceding an interest payment date on such Bond or after such Bond has been called for redemption or, in the ease of any proposed redemption of Bonds, during the fifteen (15) days next preceding the date of the publication of notice of redemption. Section 206. Pavments to Registered Owners of Bonds. As to any fully registered Bond, or any coupon Bond registered as to princi- pal, the person in whose naive the same shall be registered shall be doomed to be and regarded as the absolute owner thereof for all pur- posos, and payment of or on account of the principal or redemption Price of any such Bond and the interest on such a fully registered Bond shall be made only to or upon the order of the registered owner tlloreof or his legal representative, but such registration may be oilanned as hereinabove provided. All such payments shall be valid and effertnal to satisfy and discharge the liability upon such Bond, includ- incr the interest thereon, to the extent of the sum or sums so paid. The ('nrporation and the Bond Registrar may deem and treat the bearer of any coupon Bond not registered as to principal and the bearer of anv rnlipnn portaining to any coupon 'Bond, whether or not such Bond shall h(, registered as to principal, as the absolute owner of such Bond or collTnon as the case may be, whether such Bond or coupon shall have matured or not, for the purpose of receiving payment thereof, and fnr all other purposes whatever and neither the. Corporation nor the Bnnd Registrar shall he affected by any notice to the contrary. Coction 207. Filing of Closing Documents and Delivery of Bonds. ,aid Bonds. upon their execution in the form and manner set forth in Exhibits R, C and D, and as herein provided, shall be deposited litb the Trustee for authentication. but before said Bonds shall be allthonticated and delivered by the Trusteee there shall be filed with or delivered to the Trustee the following: (a) A copy of a resolution adopted T)v the. Board of Directors of the Corporation and certified by its Secretary authorizing the issuance of the Bonds and directing the authentication and delivery of sucb Bonds to or upon the order of the purchasers therein named upon payment of the purchase price therein set forth: 11 (b) Bond Counsel's opinion to the effect that: (i) this Indenture has been duly and lawfully authorized, executed and delivered by the Corporation, is in full force and effect, and is valid and binding upon the Corporation in accordance with its terms, and that such Bonds are valid, binding and direct obligations of the Corporation, in accord- ance with their terms and the terms of this Indenture, and such Bonds have been duly and validly authorized and issued in accordance with law and this Indenture; and i (ii) the Bonds, under the circumstances of the issuance and sale thereof, are not required to be registered under the Securities Act of 1933, as amended, and qualification of this Indenture under the Trust Indenture Act of 1939 is not required; and (iii) the Bonds, under the circumstances of the issuance and sale thereof, are exempt from qualification under the California Corporate Securities Law. Such Bonds may be authenticated, delivered and paid for in amounts of less than the total authorized principal amount from time to time, as the Corporation may direct upon its written order to the Trustee. i When the documents mentioned above shall have been filed with the Trustee and when said Bonds shall have been executed and authenti- cated as required by this Indenture, the Trustee shall deliver said Bonds to or upon the order of the purchasers named in the resolution mentioned in paragraph (a) of this Section, but only upon pay- ment to the Trustee of the purchase price of said Bonds. The Trustee shall be entitled to rely upon such resolution as to the names of the purchasers and. the amount of such purchase price. Section 208. Disposition of Bond Proceeds. The proceeds of the sale of the Bonds issued hereunder, including premium and accrued interest, if any, shall be deposited by the Trustee to the credit of the Construction Fund hereinafter created and established, to be disbursed and applied-as hereinafter provided. Section 209. Mutilated, Destroyed, Lost or Stolen Bonds. In case k any Bond secured hereby shall become mutilated, destroyed, lost or stolen, the Corporation may cause to be executed, and the Trustee may 1� I !i I� �i I authenticate and deliver, a new Bond of like date and tenor in exchange and substitution for and upon the cancellation of such mutilated Bond I and its interest coupons, if any, or in lieu of and in substitution for such Bond and its interest coupons, if any, destroyed, lost or stolen, upon the Holder's paying the reasonable expenses and charges of the Corpo- ration and the Trustee in connection thereivith, and, in the case of a Bond destroyed, lost or stolen,his filing with the Trustee evidence satis- factory to it and to the Corporation that such Bond and coupons, if any, were destroyed, lost or stolen, and of his ownership thereof, and fur- nishing the Corporation and the Trustee with indemnity satisfactory to them. I ARTICLE III REDEMPTION OF BONDS PRIOR TO MATURITY Section 301. Redemption Dates. In the event of loss of or damage to or condemnation of the Project, as more fully set out hereafter, all or part of the Bonds issued under this Indenture, at the time outstand- ing, may be redeemed for the principal amount thereof together -with interest accrued to the redemption date plus a premium equal to one quarter of one percent (1/4 7o) of said principal amount plus one quarter of one percent (1/47o) for each year or fraction of a year from the redemption date to the maturity date of the bond provided however, i that in no event shall such premium exceed four percent (417o) of i the principal amount. Redemption of the Bonds for the aforementioned purposes may be made in the manner and from the funds hereinafter provided at any time prior to their stated date of maturity, at the option of the Corporation, as a whole, or in part, provided that if less than all of the Bonds are redeemed, the Trustee shall determine a principal amount of Bonds in each maturity- to be redeemed so that approximately equal annual debt service will prevail, and the Bonds to be redeemed in each maturity shall be selected by lot by the Trustee. Except as set forth in the preceding paragraph the Bonds maturing on or prior to September 1, 1952, shall not be subject to call and redemp- tion prior to maturity. The Bonds maturing on September 1, 1983, and thereafter may, at the option of the Corporation, be called for redemp- tion prior to maturity in whole or in part on September 1, 1982, or on any interest payment date thereafter, but only in the manner and only from the funds as hereinafter provided, at a redemption price for each redeemable Bond equal to the principal amount thereof plus a premium 13 I i equal to one quarter of one percent (1/4%) of said principal amount plus one quarter of one percent (1/4%) for each year or fraction of a year from the redemption date to the maturity date of the Bond. No Bond shall be so redeemed except from moneys deposited in or transferred to the Bond Redemption Fund as_hereinafter provided. Section 302. Method of Redemption. Except as otherwise herein- before provided, if less than all of the Bonds shall be called for prior redemption, such Bonds shall be redeemed in inverse order of maturity and the particular bonds within a maturity to be redeemed shall be selected by lot by the Trustee in such manner as the Trustee in its discretion may determine; provided, however, that the portion of any registered Bond to be redeemed shall be in the principal amount of $5,000 or a multiple thereof, and that, in selecting coupon Bonds and portions of fully registered Bonds for redemption, the Trustee shall treat each such fully registered Bond as representing that number of coupon Bonds which is obtained by dividing the principal amount of such fully registered Bond by $5,000. Section 303. Notice of Redemption. A notice of any such redemp- tion, either in whole or in part, signed by the Trustee, (a) shall be published at least once not less than thirty (30) days prior to the re- demption date in a daily financial journal or daily newspaper of general circulation printed in the English language and published in The City of New York, State of New York, and (b) shall be mailed, postage prepaid, to all registered owners of Bonds to be redeemed at their addresses as they appear on the registration books hereinbefore pro- vided for. Such notice shall also be mailed to any financial consultant connected with the issuance of the Bonds, and to any person, firm, cor- poration or syndicate that originally purchased the Bonds, but failure to so mail any such notice shall not affect the validity of the proceedings for such prior redemption. Each such notice shall set forth the date fixed for prior redemption, the redemption price to be paid and, if less than all the Bonds then outstanding shall be called for prior re- demption, the distinctive numbers of such Bonds to be redeemed, and, in the case of registered Bonds without coupons to be redeemed in part only, the portion of the principal amount thereof to be redeemed. In case any registered Bond without coupons is to be redeemed in part only, the notice of redemption which relates to such Bond shall state also that on or after the redemption date, upon surrender of such 14 i Bond, a new Bond or Bonds in principal amount equal to the un- redeemed portion of such Bond and of the same maturity or maturities will be issued. Section 304. Cessation of Interest on Redemption. Notice of such redemption having been published in the manner and under the condi- tions hereinabove provided, the Bonds or portions of registered Bonds so called f or prior redemption shall, on the redemption date designated in such notice, become and be due and payable at the redemption price provided for prior redemption of such bonds or portions of registered Bonds on such date. On the date so designated for prior redemption, notice having been published and moneys for the payment of the redemption price being held irrevocably in trust by the Trustee, all as provided in this Indenture, interest on the Bonds or portions of regis- tered Bonds so called for prior redemption shall cease to accrue; the coupons for interest on any Bond so called for redemption maturing subsequent to the redemption date shall be void; such Bonds and por- tions of registered Bonds shall cease to be entitled to any lien,benefit or security under this Indenture, and the Holders or registered owners of such Bonds or portions of registered Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof, and, to the extent hereinafter in this Section provided, to receive Bonds for any unredeemed portions of registered Bonds with- out coupons. In case part, but not all, of an outstanding registered Bond without coupons shall be called for redemption, the registered owner thereof may, present and surrender such Bond to the Trustee for payment of the redemption price of the principal amount thereof so called for prior redemption, and there shall be executed, authenticated and delivered to or upon the order of such registered owner, without charge therefor, for the unredeemed balance of the principal amount of the registered Bond without coupons so surrendered, either coupon Bonds or a registered Bond of the same maturity of the Bond so presented and surrendered at the option of such registered owner. Notwithstanding the foregoing provisions of Section 303 and this Section 304, payment. of the redemption price of a portion of any Bond registered in the name of a bank, trust company or insurance company shall be made by the Trustee to the registered owner thereof without presentation or surrender thereof to the Trustee if there shall be on file with the Trustee (and not theretofore rescinded by written notice from 15 i i t I 1 such registered owner received by the Trustee) an agreement (or a con- formed copy thereof) between the Corporation and such registered holder that (1) payments will be so made; (2) such registered Holder will make notations on such Bond of payment of the portions thereof so redeemed; and (3) such registered Holder will not dispose of such Bond without first presenting the same to the Trustee for appropriate notation thereon of the portion of the principal amount thereof so redeemed or surrendering same to the Trustee for exchange for a Bond or Bonds in authorized denominations aggregating the same principal amount and of the same maturity or maturities as the princi- pal amount of the Bond or Bonds surrendered which shall remain un- paid. The Trustee shall not be under any duty to determine that such notations have been made. Section 305. Bonds No Longer Outstanding. When any Bonds, or when portions of registered Bonds without coupons, which have been duly called for redemption under the provisions of this Article, or with respect to which irrevocable instructions to call for prior re- demption at the earliest redemption date have been given to the Trustee, in form satisfactory to it, and sufficient moneys shall be held by the Trustee irrevocably in trust for the Holders of the Bonds or portions of Bonds to be redeemed for the payment of the redemption price of such Bonds or portions of Bonds and accrued interest to the date fixed for redemption, all as provided in this Indenture, then such Bonds or portions of registered Bonds shall not be deemed to be outstanding under the provisions of this Indenture. ARTICLE IV CUSTODY AND APPLICATION OF PROCEEDS OF BONDS Section 401. Disposition of Moneys in the Construction Fund and Interest During Construction Fund. Two special trust funds shall be created, established and held by the Trustee, designated as "Hunting- ton Beach Public Facilities Corporation Construction Fund" (herein- after sometimes called the "Construction Fund")- and the Huntington Beach Public Facilities Corporation Interest During Construction Fund" (hereinafter sometimes called the"Interest During Construction Fund") to the credit of which Construction Fund and Interest During Construction Fund deposits shall be made as are hereinbefore and hereinafter required. 16 ! I 1 Upon receipt by the Trustee of the proceeds of the Bonds, the Trustee after deducting the amounts required to be deposited in the Reserve Fund pursuant to Section 506 of Article V shall deposit the amount of $587,735 in the Interest During Construction Fund and shall thereafter allocate the remaining portion of the proceeds to the Construction Fund for application to the payment of the Cost of the Project. There shall also be deposited by the Trustee to the credit of I the Construction Fund: (i) all interest and other income earned on any moneys deposited with the Trustee under the provisions of this Inden- ture for periods prior to completion of the entire Project, and (ii) any moneys to the extent received by the Trustee from any other source (including, without limitation, any moneys donated for such purposes). There shall be paid by the Corporation to the Trustee for credit to the Construction Fund any moneys described in the foregoing clauses of this paragraph. The moneys deposited to the credit of the Construction Fund, in- cluding all deposits and obligations held as investments thereof and the proceeds of such deposits and obligations held as investments, shall be field in trust and applied only for the payment of the Cost of the Project, as hereinafter provided, in accordance with the provisions of this Article IV. All the moneys held in the Construction Fund and in the Interest During Construction Fund shall, as nearly as may be practicable, be continuously invested and reinvested by the Trustee in direct obli- gations of the United States of America or obligations for which the full faith and credit of the United States are pledged for the payment of principal and interest, or any obligations issued by federal land banks or federal intermediate credit banks established under the Fed- eral Farm Loan Act, as amended, bonds or debentures of the Federal Home Loan Bank Board or of an- federal home loan bank established under the Federal Home Loan Bank Act, and debentures and consoli- dated debentures issued by the Central Bank for Cooperatives and banks for cooperatives established under the Farm Credit Act of 1933, as amended, or such moneys shall be deposited by the Trustee in any or all the banks which are members of the Los Angeles Clearing House Association in interest bearing deposits or certificates of deposit, or in any or all of the savings and loan associations incorporated under the laws of the United States of America or under the laws of the State of California, which maintain an office in the County of Los Angeles, California, and whose accounts are insured by the Federal Savings 17 1 and Loan Insurance Corporation, in investment certificates or with- drawable shares, such investment deposits, certificates and shares to mature or be withdrawable, as the case may be, in such amounts and at such times as may be necessary, in the opinion of the Trustee to provide funds when needed to pay the Cost of the Project or the interest on the Bonds during the construction of the Project, and in any event to mature or be withdrawable in not to exceed two years from the date of investment. The deposits and obligations shall be held by the Trustee and shall be deemed at all times to be a part of the Construction Fund and the Interest During Construction Fund, as the case may be, and the Trustee shall at all tunes keep the Corporation advised as to the details of all investments and deposits. The moneys deposited in the Interest During Construction Fund including all deposits and obligations held as investments thereof, shall be held in trust and applied only for the payment of interest on the Bonds during the period of construction of the Project. The income proceeds of all deposits and obligations held as investments in the Interest During Construction Fund shall be transferred from time to time by the Trustee to the Construction Fund and shall thereafter be deemed to be a .part of the Construction Fund. Section 402. Payments Made from Construction Fund and Interest During Construction Fund. Payment of the Cost of the Project shall be made from moneys in the Construction Fund and payment of the interest on the Bonds during construction of the Project shall be made from moneys in the Interest During Construction Fund. Except as otherwise expressly provided by other provisions of this Indenture, all payments from the Construction Fund or Interest During Construc- tion Fund shall be subject to the provisions and restrictions set forth in this Article IV, and the Corporation covenants that it will not cause or permit to be paid from the Construction Fund or Interest During Construction Fund any sums except in accordance with such provisions and restrictions. Section 403. Procedure of Making Payments from Construction Fund. Payments from the Construction h'und shall be made in accord- ance with the provisions of this Section. Before any such payment shall be made on account of the Cost of the Project. the Corporation shall file with the Trustee: (a) A requisition, signed by such officer or officers of the Corporation as the Board of Directors of the Corporation shall 18 a 1 designate by resolution, stating in respect to each payment to be made: (i) The item number of payment; (ii) The name of the person to whom payment is to be made; (iii) The amount to be paid; (iv) The purpose, by general classification, for which payment is to be made, (v) That obligations in the stated amounts have been incurred by the Corporation, that each item is a proper charge against the Construction Fund and that payment therefor has not been made; and (vi) That there has not been filed with or served upon the Corporation notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to any of the persons named in such requisition, which has not been released or will not be released simultaneously with such payment; and (b) In the case of each payment made under a construction contract, the Corporation shall file with the Trustee a certificate signed by the Consulting Architect and attached to such requisition, certifying approval thereof and further certifying to the best information and belief of the Consulting Architect that in so far as each such obligation was incurred for work, materials, equipment and supplies, such work was actually performed, or such materials, equipment or supplies were actually installed, in furtherance of the construction of the Project or delivered at the site of the work for that purpose, or delivered for storage or fabrication at a place or places approved by the Consulting Architect. Upon receipt of each such requisition and the accompanying certifi- cate where applicable, the Trustee shall pay each such item from the Construction Fund directly to the person entitled thereto as named in such requisition, or shall deliver to the Corporation a check or draft for the payment thereof drawn to the person entitled thereto,as directed by the Corporation. The Consulting Architect and the Board of Directors of the Corpo- ration shall cooperate in establishing a procedure so that at monthly 19 intervals during the construction period waivers of liens shall be filed with the Trustee which are reasonably current with the status of the construction of the Project. Payments of interest on the Bonds during construction of the Project shall be made by the .Trustee from the Interest During Con- struction Fund, such interest payments to be made directly to the Bond- holders when due and payable. Section 404. Retention of Records of Transactions. All requisi- tions, statements and certificates received by the Trustee, as required in this Article as conditions of payment from the Construction Fund, may be relied upon by and shall be retained in the possession of the Trustee, subject at all times to the inspection of the Corporation, its agents and representatives. Section 405. Construction Fund Report. At least once in each six (6) months during the construction of the Project, the Trustee shall prepare a report covering all receipts and moneys then on deposit with the Trustee, in the name of the Trustee, or the Corporation, in the Construction Fund and Interest During Construction Fund, and any security specifically pledged therefor, any investments thereof, and all disbursements made pursuant to the provisions of this Article IV. Said reports shall be mailed by the Trustee to the Corporation, to any financial consultant connected with the issuance of the Bonds, to any person, firm, corporation or syndicate that originally purchased the Bonds and to any Bondholder who shall make written request for the same. Section 406. Completion Certificate and Transfer of Moneys. After completion of construction of the Project, the Corporation shall 3eliver to the Trustee a certificate, signed by the Secretary of the Corporation, stating the date upon which such completion occurred, and the amount of money,if any, required for the payment of the remaining cost thereof; the Trustee shall immediately transfer any moneys in the Interest During Construction Fund to the Debt Service Fund (hereinafter established) and shall make provision in the Construction Fund for payment of such remaining construction cost, if any, and any remaining balance shall be transferred or held by the Trustee as directed by a resolution of the Board of Directors of the Corporation in the amounts and for the purposes as follows: 20 iL ;:kF (a) An amount to the Debt Service Fund which shall be credited against the rent or additional rent due from the Public Corporation as provided in Section 5 of the Lease, or (b) An amount to be retained in the Construction Fund for changes, alterations and additions to the Project. Any remaining balance after transfer to the Debt Service Fund and/or retention in the Construction Fund, if any, shall be transferred by the Trustee to the Rental Revenue Fund (hereinafter established). ARTICLE V RENTAL REVENUE AND APPLICATION THEREOF Section 501. Establishment of Special Trust Funds. There shall be created, established and held by the Trustee, the following several special trust funds, in which deposits shall be made as are hereinbefore and hereinafter required: (a) The Huntington Beach Public Facilities Corporation Rental Revenue Fund ("Rental Revenue Fund"). (b) The Huntington Beach Public Facilities Corporation Ad- ministrative Expense Fund ("Administrative Expense Fund"). (c) The Huntington Beach Public Facilities Corporation Debt Service Fund ("Debt Service Fund"). (d) The Huntington Beach Public Facilities Corporation Bond Redemption Fund ("Bond Redemption Fund"). (e) The Huntington Beach Public Facilities Corporation Re- i serve Fund ("Reserve Fund"). Section 502. Rental Revenue Fund and Application. All Rental Revenue shall be paid to the Trustee and deposited by the Trustee to the credit of the Rental Revenue Fund. All moneys on deposit in the Rental Revenue Fund shall be dis- bursed, applied or set aside by the Trustee in the following order of priority: (a) Immediately after the receipt by the Trustee of any Rental Revenue and also after the receipt of other moneys transferred to the Rental Revenue Fund under any other provisions of this 21 Indenture, the Trustee shall apportion and set apart out of the Rental Revenue Fund and deposit in the Debt Service Fund an amount sufficient together with the balance then on hand in said Fund to pay the interest becoming due on the Bonds on both the next succeeding two interest payment dates, and the principal becoming due on the next succeeding principal payment date. (b) Thereafter, the Trustee shall set aside in the Reserve Fund such amount, if any, as is necessary and will be sufficient to restore the Reserve Fund to that amount required by Section 506 hereof. (c) Thereafter, the Trustee shall set aside in the Adminis- trative Expense Fund such amount as the Corporation shall certify to the Trustee as necessary for the payment of the budgeted ad- ministrative expenses of the Corporation. (d) Thereafter, the Trustee shall apportion and set apart out of the Rental Revenue Fund and deposit in the Bond Redemption Fund the amount, if any, of any balance remaining after making the deposits and allocations required by subparagraphs (a), (b) and (c) above. Section 503. Debt Service Fund. The Trustee shall pay the prin- cipal and interest becoming due on the Bonds after completion of the Project from the Debt Service Fund. Section 504. Bond Redemption Fund. Moneys at any time deposited in the Bond Redemption Fund shall be used as follows: (a) If the deposits required to be made under subsections (a), (b) and (c) of Section 502 are insufficient so that the moneys on deposit to the credit of the Debt Service Fund or set t aside in the Reserve Fund or set aside in the .administrative Expense Fund are less than the amounts hereinbefore required to be on deposit or set aside therein at that time, and there are then moneys on deposit in the Bond Redemption Fund, the Trustee shall transfer from the Bond Redemption Fund and deposit to the credit of the Debt Service Fund, and/or set aside in the Reserve Fund and the Administrative Expense Fund, the amount sufficient to make up any deficiency. (b) The balance remaining in the Bond Redemption Fund after making the deposits required by paragraph (a) of this Sec- tion may be considered surplus by the Trustee and, upon receipt 22 of a resolution of the Board of Directors of the Corporation directing such action, such surplus shall be utilized by the Trustee in accordance with the following provisions: (i) to purchase any Bonds, in such manner as it may determine, then outstanding on the most advantageous terms obtainable with reasonable diligence, but such price shall not exceed 1047c of the principal amount thereof plus accrued interest to the date of purchase, or (ii) to call for redemption and redeem on the next ensuing interest payment date such amount of Bonds as specified at the applicable redemption prices. Prior to the redemption date the Trustee shall withdraw from moneys in the Bond Redemption Fund and deposit in a special trust account the amounts required for the payment by the Trustee of the re- demption price, exclusive of accrued interest, of the Bonds so called for redemption and the Trustee shall withdraw from the Debt Service Fund and deposit in such special trust account the amounts required for the payment of interest on such Bonds to the date of redemption, and such amounts so i withdrawn shall be applied for the payment of such redemp- tion price and interest on or after the date of redemption of such Bonds, or (iii) to be transferred to the Construction Fund for changes, alterations and additions to the Project, or (iv) to reimburse the City for any rent or additional rent previously paid to the Corporation pursuant to the terms of the Lease. Section 505. Administrative Expense Fund. Moneys at any time set aside in the Administrative Expense Fund shall be used and ap- plied solely for the payment of such expenses of the Corporation as approved by the Corporation. Payments of administrative expenses shall be made by the Trustee upon receipt of a requisition, signed by such officer or officers of the. Corporation as the Board of Directors o£ the Corporation shall designate by resolution, stating in respect to each payment to be made (a) the item number of the payment, (b) the name of the person to whom pa-\-ment is to be made, (c) the amounts to be paid, and (d) that obligations in the stated amounts have been incurred by the Corporation, and have not been paid. Upon receipt of each such requisition, the Trustee shall pay each such item directly to the person i ' 23 entitled thereto as named in such requisition, or shall deliver to the Corporation a check or draft for the payment thereof, as directed by the Corporation. Section 506. Reserve Fund. From the proceeds of the Bonds an amount equal to one year's base rent under the Lease shall be placed in the Reserve Fund. Thereafter, pursuant to Section 502 hereof, there shall be placed in the Reserve Fund, from time to time by annual transfers the amount necessary to maintain the Reserve Fund at a level equal to one year's base rent under the Lease. Moneys in the Reserve Fund shall be used solely for the purpose of paying the principal of and interest on the Bonds in the event that the moneys in the Debt Service Fund are insufficient therefor and for that purpose may be withdrawn and transferred to the Debt Service Fund. No payment need be made into the Reserve Fund so long as there shall be in said fund a sum at least equal to one year's base rent under the Lease. Wlienever moneys are withdrawn from the Reserve Fund to pay principal of and interest on the Bonds, the amount in the Reserve Fund shall be restored to the amount required in this Section from any available source from the first available moneys. If requested by the Corporation at any time prior to the completion of the Project, any moneys in the Reserve Fund in excess of the aforesaid minimum amount shall be transferred to the Construction Fund, and thereafter any moneys in the Reserve Fund in excess of said required minimum shall on July 31 and January 31 of each year be transferred to the Rental Revenue Fund. Moneys in the Reserve Fund may be used to pay in full the remaining principal and interest on the Bonds. In the event all of the Bonds are called for redemption prior to maturity, moneys in the Reserve Fund may be deposited in the Bond Redemption Fund and used in the manner and for the purposes provided in Article III and Section 504 hereof. Section 507. Unclaimed Moneys for Payment of Bonds and In- terest. Any moneys which shall have been set aside for the purpose of paying any particular Bonds, either at the maturity thereof, or upon purchase or call for redemption as provided herein, or for the purpose of paying any particular installments of interest on any par- ticular Bonds, shall be held irrevocably in trust for and assigned to the respective Holders of the Bonds or coupons entitled thereto, and if the same shall remain unclaimed by the Holders of such Bonds or of such coupons for a period of seven years after the date on which such 24 r 1 J Bonds or such coupons shall have become payable shall, upon request in writing from the Corporation, be paid to the Corporation by the Trustee and thereafter the Holders of such Bonds or such coupons shall look only to the Corporation for payment and then only to the extent of the amounts so received without any interest thereon, and the Trustee shall have no responsibility with respect to such moneys. Section 508. Disposition of Redeemed Bonds and Coupons. All Bonds paid, redeemed or purchased, either at or before maturity, together with all unmatured coupons, if any, appertaining thereto, shall be cancelled when such payment, redemption or purchase is made, and such Bond and coupons shall be delivered to the Trustee. All interest coupons shall be cancelled upon their payment and delivered to the Trustee. All cancelled Bonds and coupons shall be held by the Trustee until this Indenture shall be released; provided, however, that Bonds and coupons so cancelled may at any time, upon direction of the Corporation, be destroyed by cremation or chemical means by the Trustee, who shall execute a certificate thereof in duplicate describing the Bonds and coupons so destroyed, and one executed certificate shall be filed with the Corporation and the other executed certificate shall be retained by the Trustee. Section 509. Pledge of All Rental Revenue and Moneys. All Rental Revenue and any other moneys paid to or to be paid into the funds or accounts created or set aside herein or pursuant hereto are hereby assigned and pledged to the Trustee as provided herein in trust for the benefit of the Holders of Bonds issued hereunder and pursuant hereto to secure the payment of the principal and redemption price of, and interest on, said Bonds. Such pledge and assignment shall immedi- ately be effective without any physical delivery thereof or further act; and the lien of such pledge and assignment shall be valid and binding as against, and prior and superior to, any liens of all other parties having claims of any kind in tort, contract or otherwise against the Corporation, irrespective of whether such parties have notice thereof. ARTICLE VI SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS Section 601. Moneys Deposited To Be Held in Trust. All moneys deposited under the provisions of this Indenture with the Trustee shall be held in trust and applied only in accordance with the provisions of 25 _t x this Indenture, and shall not be subject to lien or attachment by any creditor of the Corporation, other than the lien of the Holders of the Bonds issued pursuant to and secured by this Indenture. Section 602. Security For Deposits. All moneys held hereunder by the Trustee shall be continuously and fully secured, for the benefit of the Corporation and the Holders of the Bonds in the same manner as is provided by law for other trust funds. s Section 603. Investment of Funds. Moneys held in any fund created hereunder shall be invested with reasonable diligence by the Trustee in direct obligations of the United States of America or obliga- tions for which the full faith and credit of the United States are pledged for the payment of principal and interest, or any obligations issued by federal land banks or federal intermediate credit banks established under the Federal Farm Loan Act, as amended, bonds or debentures of the Federal Home Loan Bank Board or of any federal home loan bank established under the Federal Home Loan Bank Act, and deben- tures and consolidated debentures issued by the Central Bank for Co- operatives and banks for cooperatives established under the Farm Credit Act of 1933, as amended, or at the direction of the Corporation, such moneys shall be apportioned by the Trustee among any or all of the banks which are members of the Los Angeles Clearing House Associa- tion in interest bearing deposits or certificates of deposit, or in any or all of the savings and loan associations incorporated under the laws of the United States of America or under the laws of the State of Cali- fornia,which maintain an office in the County of Los Angeles, California, and whose accounts are insured by the Federal Savings and Loan In- surance Corporation, in investment certificates or withdrawable shares, such investments, certificates, deposits and shares to mature or be with- drawable, as the case may be, not later than the date or dates when the moneys held in such funds will be required for the purposes in this Indenture provided, and in any event to mature or be withdrawable in not to exceed two years from the date of investment. All the moneys in the funds referred to above shall be continuously invested or deposited, as nearly as may be practicable, subject to the conditions provided above and to the necessity to provide moneys when needed for payments provided to be made from such funds. Section 604. Investments and Income as Part of Funds; Liquida- tion. Obligations purchased or deposits made with moneys in any fund 26 created hereunder shall be deemed at all times to be a part of such fund and the interest and income accruing thereon and any profit realized from the liquidation of any such investment shall be credited to such fund and any loss resulting from the liquidation of any such investment shall be charged to such fund. For the purposes of any such investment, obligations of the United States of America shall be deemed to mature at the earliest date on which the United States of America is on demand irrevocably required to pay a fixed sum in discharge of the whole of such obligations. In computing the amount in any fund created under the provisions. of this Indenture for any purpose provided in this Indenture, obliga- tions purchased as an investment of moneys therein shall be valued at the cost thereof, adjusted annually for the amortization of premium or the accumulation of discount. The Trustee shall sell at the best price obtainable, or present for redemption, any obligations so purchased as an investment whenever it shall be requested in writing by the Corporation so to do or whenever it shall be necessary in order to provide moneys to meet any payment or transfer from any such fund. The Trustee shall not be liable or responsible for making any investment or deposit in the manner pro- vided above or for any loss resulting from any such investment or deposit made in the manner provided above. The Trustee shall advise the Corporation in writing, when reasonably requested to do so, of the details of all investments or deposits held for the credit of any such funds in the custody of the Trustee under the provisions of this Inden- ture as of the end of the preceding month. ARTICLE VII COVENANTS Section 701. Covenants and the Duration Thereof. As part of the terms and conditions of the Bonds, the Corporation makes the covenants with the Bondholders which are set forth in the following subdivisions of this Section. Each of said covenants shall remain in full force and effect so long as any of the Bonds shall be outstanding and unpaid, or so long as provision has not been made for the full payment and discharge of all such outstanding Bonds, upon maturity, or upon redemption prior to maturity, through the irrevocable setting 27 r-. .�f apart in the appropriate fund or funds established in or pursuant to this Indenture, or through the irrevocable setting apart in some other special trust fund of money sufficient for that purpose or through other irrevocable allocation to that purpose of money sufficient therefor. Covenant 1. Prompt Payment. The Corporation shall cause pay- ment to be promptly made of the principal, interest and the redemption price, if any, on every Bond at the place, on the dates and in the manner provided herein and in said Bonds and in any coupons thereto apper- taining, according to the true intent and meaning thereof. Such prin- cipal, interest and redemption price are payable in the manner and to the extent hereinabove particularly specified. 'Nothing in the Bonds or coupons or in this Indenture shall be construed as an indebtedness of the City or of the State of California within the meaning of any constitutional or statutory provision or limitation. Covenant 2. To Construct. Upon the receipt of the proceeds of the Bonds issued hereunder, the Corporation shall forthwith proceed with the accomplishment of the Project in accordance with the plans and specifications therefor and in conformity with law and all require- ments of all governmental authorities having jurisdiction thereover, and shall complete the Project with all expedition practicable in accordance with such plans and specifications or such modifications or alterations thereof, as may be approved by the requisite parties and governmental authorities and by the Consulting Architect assigned thereto. Before entering into any construction contract with respect to the Project, the Corporation shall require each person, firm or corporation with whom it may contract for labor or materials in connection with the construction of the Project, or any part thereof, to furnish a material and labor bond in an amount not less than fifty percent (50%) of the contract price, and a faithful performance bond in an amount not less than said contract price, with respect to any contract exceeding $5,000 in amount. The proceeds of any such performance bond will forthwith, upon receipt of such proceeds, be applied toward the com- pletion of the Project. Covenant 3. To Discharge All Lawful Claims. The Corporation shall duly observe and comply with all valid requirements of any 28 I I y f governmental authority relative to the Project, or any part thereof, or to the Corporation, and shall not create or suffer to be created any lien or charge upon the Project or any part thereof, or on any proper- ties or facilities thereof, or upon the rental revenue therefrom, except the Lease and the lien and charge of this Indenture and the Bonds r secured hereby upon the Rental Revenue, and shall pay or cause to be discharged or shall make adequate provision to satisfy and discharge, within sixty days after the same shall accrue, all lawful claims and demands for labor, materials, supplies or other objects which, if unpaid, might by law become a lien upon the Project or any part thereof, or any properties or facilities thereof, provided, however, that '= nothing in this covenant shall require the Corporation to pay or cause to be discharged, or make provision for, any such lien or charge, so long as the validity thereof shall be contested in good faith and by appropriate legal proceedings. Covenant 4. Use .o f Rental Revenue for Proper Purpose. None of the Rental Revenue shall be used for any purpose other than as provided in this Indenture, and no contract or contracts shall be entered into or any action taken by which the rights of the Trustee or of the Bondholders will be impaired or diminished. Covenant 5. Protection of Funds. The Corporation shall, at any and all times so far as it may be authorized by law, pass, make, do, execute, acknowledge and deliver, all and every such further resolu- tions, acts, deeds, conveyances, assignments, transfers and assurances as may be necessary or desirable for the better assuring, conveying, granting, assigning and confirming all and singular the rights, Rental Revenue, and other moneys, securities and funds hereby pledged or assigned, or intended so to be., or which the Corporation may here- after become bound .to pledge or assign. The Corporation shall at all times, to the extent permitted by law, defend, preserve and protect the -- pledge of the Rental Revenue and other moneys, securities and funds pledged under this Indenture and all the rights of the Bondholders under this Indenture against all claims and demands of all persons whomsoever. Covenant 6. Records and Audit. The Trustee shall annually, within 120 days after the close of the Corporation's annual account- ing period, make a report of the Trustee's books and accounts relating s to the Project for the preceding year. Promptly thereafter each such 29 z; annual report shall be filed with the Corporation and with the Com- missioner of Corporations of the State of California and copies of such annual reports shall be mailed by the Trustee to the Holders of any Bonds who shall have filed their names and addresses with the Trustee for such purpose. Each such annual report shall set forth in respect to the preceding 12 months: (a) The Rental Revenue and all other moneys received by the Trustee on account of the Lease; (b) A summary of all payments, deposits and credits to and payments, transfers and withdrawals from each fund and account created under the provisions of this Indenture; (c) The details of all Bonds issued, paid, purchased or re- deemed; (d) The amounts at the end of such period in each fund and to the credit of each account, showing the respective amounts to the credit of each fund and account, and showing the details of any j investments thereof. Each such annual report shall set forth in respect to the succeeding 12 months the budgeted administrative expenses during such succeed- ing periods. Such annual reports shall be open to the inspection of any Bond- holders, or their agents and representatives, at the corporate agency division of the Trustee. The Trustee shall at all times have access to those books and records of the Corporation which may be reasonably required by the Trustee to fulfill its duties and obligations hereunder, except that no such access shall be allowed to any books or records constituting classi- fied security information nnder any law or governmental regulation at the time applicable thereto. Covenant 7. Maintenance of Properties. If the Corporation takes possession of the premises under the Lease it shall at all times keep its properties in good repair, working order and condition. Covenant S. Against Debt. The Corporation shall not issue any other obligations payable from Rental Revenue or any other payments received or to be received under the Lease or in connection with the Project, nor voluntarily create or cause to be created nor suffer to continue to exist, any lien, pledge, assignment, encumbrance, or any 30 other charge thereon and shall not create, assume, incur or suffer to exist any current or funded debt in connection with the Project, except: (a) The Bonds issued and to be issued under and upon the terms and conditions specified in this Indenture; (b) Current liabilities (exclusive of indebtedness for money borrowed) for accounts payable and expense accruals incurred or assumed in the ordinary course of business, including therein obli- gations for taxes, insurance, rents and interest, labor, wages, materials and equipment, incurred in connection with the Project as contemplated by this Indenture and by the Lease, in connection with its operations in the ordinary course of its business under the Lease; and (c) Unsecured loans or debt for money borrowed for the express purpose of, and used for, the payment of taxes, insurance or other current liabilities of the Corporation for which it is entitled to be reimbursed by the City under the Lease. Covenant 9. Against Liens and Encumbrances. The Corporation shall not sell, lease or otherwise dispose of or encumber its interests in the Lease or the property leased thereunder or relating thereto or any part thereof and shall not create or permit to be created any charge or lien on the Rental Revenue. The Corporation shall not create, assume, incur or suffer to be created, assumed or incurred or to exist any mortgage, pledge, encumbrance or lien or charge of any kind upon any of the properties of any character of the Corporation; provided, however, that nothing in this covenant shall prevent or be deemed to prohibit: (a) The Corporation from issuing the Bonds as provided in this Indenture; or (b) The Corporation from depositing with or giving any form of security to any governmental agency or other body created or approved by law or governmental regulation in order to entitle the Corporation to maintain self insurance, or to participate in any fund in connection with workmen's compensation, unemployment insurance, old age pensions, or other social security, or to share in any privilege or benefit available to corporations participating in any such arrangement or for any other purpose at any time required by law or governmental regulation as a condition to the transaction of any business or the exercise of any privilege or license, or from depositing assets of the Corporation with any 31 :x surety company, a clerk of any court, or an escrow, as collateral in connection with or in lieu of any bond on appeal by the Corpora- tion, from any judgment or decree against it or in connection with any proceedings in actions at law or in equity by or against the Corporation; or (c) The Corporation from the incurring or suffering to be in- curred or to exist upon any of its property or assets (i) the lien of any taxes or assessments or governmental charges or levies, if such taxes or assessments or charges or levies shall not at the time be due and payable or if the Corporation shall currently be con- testing the validity thereof in good faith by appropriate proceed- ings and shall have set aside on its books (or if the Trustee shall have set aside) adequate reserves with respect thereto, (ii) the liens of any judgments, if such judgments shall not have remained undischarged or unstayed on appeal or otherwise for more than six months, (iii) undetermined liens or charges incident to construc- tion, (iv) any other claims for labor, materials and supplies, which if unpaid, might by law become a lien or charge upon its property if the Corporation shall currently be contesting the validity thereof in good faith by appropriate proceedings and shall have set aside on its books (or if the Trustee shall have set aside) adequate re- serves ivith respect thereto, (v) any encumbrances consisting of zoning restrictions, easements and restrictions on the use of real property and minor defects and irregularities in title thereto,which do not, in the opinion of the Board of Directors of the Corporation materially impair the use of such property by the Corporation in the operation of its business or the value of such property for the purpose of such business, or (vi) any lien created by law for banks on property in their possession for amounts owing to them by the Corporation in the ordinary course of its business provided that such property was furnished to the bank in the ordinary course of the business of the Corporation and not as security for such indebtedness; or (d) The execution, delivery and maintenance in effect of the Lease. Covenant 10. To Maintain Insurance. The Corporation shall secure or cause to be secured a policy or policies of insurance against loss or damage to the property covered by the Indenture resulting from fire, lightning, vandalism, malicious mischief, and such perils ordinarily defined as"extended coverage"and other perils as the Corpo- ration and the City may agree should be insured against on forms and 32 _ 2 in amounts satisfactory to each. Provided such insurance is available from reputable insurers, such insurance shall be maintained in an amount not less than the full insurable value of said/properties or the amount of the Corporation's outstanding Bonds, whichever amount is less. The term "full insurable value" as used in this Section shall mean the actual replacement cost "new" (including the cost of restoring the surface of grounds owned or leased by the Corporation but excluding the cost of restoring trees, plants and shrubs) less physical deprecia- tion. Said "full insurable value" shall be determined from time to time but not less frequently than once in every 36 months by an independent appraisal firm or by any other method of appraising or valuation mutually acceptable to the Corporation and the City. The Corporation shall also: (a) Maintain or cause to be maintained, as to the property covered by the Indenture, insurance: (i) Against war risks, as and when such insurance is obtainable from reputable insurance companies or the United States of America or any agency thereof, in amount not less than 807o' of the then full insurable value thereof; and (ii) Against loss or damage from leakage of sprinkler systems now or hereafter installed therein in amounts to be determined by the Corporation; and (iii) Against loss or damage by explosion of steam boil- ers, pressure vessels and similar apparatus now or hereafter installed therein in amounts to be determined by the Corpora- tion. (b) Maintain or cause to be maintained earthquake insurance, if such insurance is obtainable on the open market from reputable insurance companies, against loss or damage by earthquake in the following amount: (i) the full insurable value of the property (as defined above) covered by the Indenture with deductible conditions of not to exceed 107o for any one loss which is less than the face amount of the policy; or (ii) the amount of the outstanding Bonds, if less than (i) above. (c) Maintain or cause to be maintained use and occupancy or business interruption or rental income insurance against the perils of fire, lightning, vandalism and malicious mischief and such other perils ordinarily defined as "extended coverage"in an amount 33 F equal to not less than two years base rent due from the City under the Lease; and (d) Maintain or cause to be maintained public liability insur- ance against claims for bodily injury or death, or damage to property occurring upon, in or about the property covered by the Indenture, such insurance to afford protection to a limit of not less than $1,000,000 combined single limit bodily injury and property damage; and (e) Maintain or cause to be maintained workmen's compensa- tion insurance issu d by a responsible carrier authorized under the laws of the State of California to insure employers against liability for compensation under the Workmen's Compensation Insurance and Safety Act now in force in California, or any act hereafter enacted as an amendment or supplement thereto or in lieu thereof, such wort-men's compensation insurance to cover all persons em- ployed in connection with the Project and to cover full liability for compensation under any such act aforesaid, based upon death or bodily injury claims made by, for or on behalf of any person incurring or suffering injury or death during or in connection with the Project or the business of the Corporation. All insurance herein provided for shall be effected under policies issued by insurers of recognized responsibility, licensed or permitted to do business in the State of California. All policies or certificates issued by the respective insurers for insurance shall provide that such policies or certificates shall not be cancelled or materially changed without at least 30 days prior written notice to the Trustee, and shall carry loss payable endorsements in favor of the Trustee where applicable. Certified copies of such policies shall be deposited with the Trustee by the Corporation, together with appropriate evidence of payment of the premiums therefor; and, at least ten days prior to the expiration dates of expiring policies or contracts held by the Trustee, certified copies of renewal or new policies on contracts or certificates, shall be deposited with the Trustee. All proceeds of insurance with respect to loss or damage to the property shall be paid to the Trustee (except that proceeds for any one loss not exceeding$5,000 need not be paid to the Trustee but may be paid to the Corporation and applied by it to the repair, restoration or replacement of the property destroyed or damaged). Upon payment thereof to the Trustee, and upon the determination by the Corporation 34 1 } dc' t as provided in the Lease, (1) if the Project is to be repaired or rebuilt, the Trustee shall deposit the same in the Construction Fund for applica- tion as provided with respect to moneys in such fund or (2) if the Project is not to be repaired or rebuilt, the Trustee shall deposit the same in the Bond Redemption Fund for application as provided for moneys in such fund. Covenant 11. Performance. The Corporation shall faithfully do, perform and observe any and all covenants, undertakings, stipulations and provisions contained in this Indenture and in each and every Bond issued hereunder. The Corporation shall faithfully do, perform and observe any and all covenants, undertakings, stipulations and provi- sions contained in the Lease. The Corporation shall require the City to comply with each and every covenant, undertaking, stipulation and provision contained in the Lease and to take all actions and proceedings necessary or required to compel the compliance by the Citv with the covenants, undertakings, stipulations and provisions contained in the Lease. The Corporation shall not terminate, or agree to the termination of, the Lease or to any amendment or modification r thereof which would reduce the length of the term thereof, or reduce or modify the amount of rental and other charges payable by the City thereunder, or change the time or times of payment of such rental or other charges, or agree to any other amendment or modification thereof in any manner detrimental to the rights of the Holders of the Bonds. Covenant 12. To 1aintain Corporate Existence. Subject to the other provisions of this Indenture, the Corporation shall maintain its corporate existence and right to carry on its business and duly procure all necessary- renewals and extensions thereof and use its best efforts to maintain, preserve and renew all such rights, powers, privileges and franchises. Covenant 13. Not to Distribute Profits. The Corporation shall carry on the business of the Corporation with respect to the Project, and otbem ise, in such manner that none of the net earnings, if any, whether realized or unrealized, will inure to the benefit of any private shareholder or individual, or any director, officer or member of the Corporation. Covenant 14. Disposition of Condemnation Award. The Corpora- tion shall, subject to the provisions of the Lease, pay over to the Trustee upon receipt thereof by the Corporation any moneys received 35 by the Corporation on account of the condemnation, or the sale under threat thereof, of all or any part of the Project or all or any interest in the leasehold estate held by the Corporation under the Lease. Upon payment thereof to the Trustee, the Trustee shall deposit the same in the Bond Redemption Fund for application as provided for moneys in such fund. Covenant 15. To File Claims. Each year the Trustee shall in- vestigate to determine if the amount necessary to pay all rental and other amounts due under the Lease has been included in the budget of the City, and, if said amounts are not included in said budget, take all actions and proceedings required to compel their insertion therein. Each year the Trustee shall cause the Corporation to file in the proper form and manner any claim or claims which may be required by law as a prerequisite to payment by the City of any rental and other amounts due under the Lease. Covenant 16. To Maintain Paying Agents. The Corporation, with the written approval of the Trustee, shall appoint and at all times have a Paying Agent in Los Angeles, California; Chicago, Illinois; and New York, New York, for the payment of the principal of, and the interest (and premium, if any) on, the Bonds. Covenant 17. Arbitrage. Sums credited to the various funds and accounts pertaining to the Bonds or the Project shall not be invested in such a manner as to result in the loss of exemption from federal income taxation of interest on the Bonds. Such sums constituting in the aggre- gate a major portion or more of the proceeds of all the Bonds shall not be invested directly- or indirectly- in taxable obligations so as to produce an adjusted yield (including permissible adjustments for any premiums, discounts and costs), i.e., an adjusted effective interest rate, -w-hich exceeds such an adjusted yield (adjusted effective interest rate) of the Bonds by more than one-eighth of one per centum (0.125%) and the amounts, if any, permitted by law, and which results in the Bonds constituting taxable "arbitrage bonds" within the meaning of section 103(d), Internal Revenue Code of 1954, as amended by section 601(a), Tax Reform Act of 1969 (S3 Stat. 656), an-,- subsequent amendments, and the Income Tax Regulations issued thereunder; but such sums may be otherwise invested if and when such act and regulations permit the investment.to be made in the manner made without cawing the Bonds to become taxable "arbitrage bonds." 36 's; ARTICLE VIII REMEDIES OF TRUSTEE AND BONDHOLDERS Section 801. Events of Default. Each of the following events is hereby declared an "event of default", that is to say, if: (a) The Corporation shall fail to make payment of the in- terest, principal or redemption price of any of the Bonds when the same shall become due and payable; or (b) The Corporation shall unreasonably delay or fail to carry on with reasonable dispatch, or shall discontinue the Project, or any part thereof, for which Bonds shall have been issued under } this Indenture; or (c) The Corporation shall for any reason be rendered incap- able of fulfilling its obligations hereunder; or (d) The Corporation shall fail in the performance or observ- ance by it of anv other of the covenants, agreements or conditions contained in this Indenture, or in the Bonds, and continue in such failure for a period of sixty (60) days after written notice to the Corporation by the Trustee; or (e) The Corporation (1) is adjudged insolvent by a court of competent jurisdiction, (2) admits in writing its inability to pay its debts generally as they become due, (3) files a petition in bank- ruptcy, (4) makes an assignment for the benefit of creditors, or (5) consents to the appointment of a receiver of itself or property covered by the Lease; or (f) An order, judgment or decree shall be entered by any court of competent jurisdiction appointing, without the consent of the Corporation, a receiver of the Corporation or of the property covered by the Lease, and such order, judgment or decree shall not be vacated or set aside or stayed within sixty (60) days from the date of such appointment; or i (g) A court of competent jurisdiction shall enter an order, judgment or decree approving a petition filed against the Corpora- tion under the provisions of any bankruptcy act and such order, =r judgment or decree shall not be vacated or set aside or stayed within sixty (60) days from the date of entry of such order, �f judgment or decree; or (h) Under the provisions of any other law now or hereafter existing for the relief or aid of debtors any court of competent jurisdiction shall assume custody or control of the Corporation or 37 r i of the property covered by the Lease or any part thereof, and such custody or control shall not be terminated within sixty (60) days from the date of assumption of such custody or control; or (i) The City shall, for any reason whatsoever, fail in the payment of the rentals at the times, in the amounts and in the manner required by the Lease, and such failure shall continue for a period of thirty (30) days. Section 802. Action Upon Default. Upon the happening and con- tinuance of any event of default above specified, then and in every such ease the Trustee may proceed, and upon the written request of the Holders of not less than twenty percent (20%) in principal amount of the Bonds then outstanding hereunder shall proceed, to protect and enforce its rights and the rights of the Bondholders under this Indenture by such suits, actions or special proceedings in equity or at law, or by proceedings in the office of any board or officer having jurisdiction, either for the specific performance of any covenant or agreement contained herein or in aid or execution of any power herein granted or for the enforcement of any proper legal or equitable remedy, as the Trustee, being advised by counsel, shall deem most effectual to protect and enforce such rights. The Trustee may, if and to the extent permitted by laiv, by such officer and agent as it may appoint, with or without entry, sell all of the property subject to the lien hereof as an entirety, or in such parcels as the Holders of a majority in principal amount of the Bonds then outstanding shall in writing request, or, in the absence of such request, as the Trustee may determine, at such place and time as may be designated by the Trustee or as may be required by law or by order of court, to the highest bidder at public auction, first giving notice of the time, place and terms of sale as hereinafter provided; and may from time to time adjourn any such sale in its discretion by announcement at the time and place appointed for such sale or for such adjourned sale, without further notice except such as may be required by law; and upon such sale may make and deliver to the purchaser or purchasers a good and sufficient deed or deeds or other appropriate instruments of transfer for the same. Any such notice of sale shall state the time and place when and where the sale shall be made and shall contain a particular description of the real property to be sold and a general description of the personal property to be sold, and shall be sufficiently given if posted at least twenty (20) days prior to the date of sale in one public place in the city where the property is to be sold (or, if the property is not to be sold in a city, then in the judicial district in which the property is to be sold), shall be 38 published once a week for the same period in some newspaper of general circulation printed and published in the city in which the property or some part thereof is situated (or, if no part of the property is situated in a city, then in the judicial district in which the property or some part thereof is situated, or, in case no newspaper of general circulation be printed and published in the city or judicial district, as the case may be, in some newspaper of general circulation printed and published in the county), and shall be posted in some conspicuous place on the real property to be sold at least twenty (20) days before the date of sale, and shall conform to the applicable requirements of law. The place of sale shall be such place in the County of Orange, State of Cali- fornia, as may be fixed by the Trustee or as may be required by law or by order of court. The Corporation does hereby covenant and agree that the Trustee, in the exercise of the power of sale hereby granted and conferred, shall not be governed by any law of the State of California relating to the foreclosure of a chattel mortgage or pledge. It is further covenanted and agreed that the personal property, if any, sold by the Trustee pursuant to the provisions of this Section need not be in view of those who attend any such sale, any rule of law or statute to the contrary being hereby expressly waived. No demand for performance or personal notice of such sale shall be necessary. The Trustee and its successors are hereby irrevocably- appointed the true and lawful attorneys of the Corporation, in its name and stead, to make all necessary conveyances, assignments, transfers and deliveries of property thus sold, and for that purpose may execute all necessary deeds, bills of sale and instruments of assignment and transfer, and may substitute one or more persons, firms or corporations with like power, the Corporation hereby ratifying and confirming all that its said attorneys, or such substitute or substitutes, shall lawfully do by virtue hereof. Nevertheless, if so requested by the Trustee or by any purchaser, the Corporation shall ratify and confirm anv such sale or transfer by executing and delivering to the Trustee or to such purchaser or purchasers all proper conveyances, assignments, instruments of transfer and releases as may be designated in any such request. In the enforcement of any remedy under this Indenture, the Trustee shall be entitled to sue for, enforce payment on and receive any or all amounts then or during any default becoming, and any time remaining, due from the Corporation for principal, redemption price, interest or otherwise under any of the provisions of this Indenture or of the Bonds, and unpaid, with interest on overdue payments at the rate or rates of interest specified in such Bonds, together with any and all costs and expenses of collection and of all proceedings here- 39 6 under and under such Bonds, without prejudice to any other right or .remedy of the Trustee or of the Bondholders, and to recover and en- force judgment or decree against the Corporation for any portion of such amounts remaining unpaid, with interest, costs, and expenses, and to collect from any moneys available for such purpose, in any manner provided by law, the moneys adjudged or decreed to be payable. Upon the happening and continuance of any event of default above specified, then and in any such case the Trustee may, and upon the written request of the Holders of not less than twenty percent (20%) in principal amount of the Bonds then outstanding hereunder, shall by notice in writing to the Corporation, declare the principal of all Bonds hereby secured and then outstanding to be due and payable immediately, and upon any such declaration the said principal shall become and be due and payable immediately, anything in this Tn- denture, or in said Bonds, to the contrary not-,Nrithstanding; pro- vided, however, if at any time after the principal of the Bonds shall have been so declared and become due and payable the Corpo- ration shall pay or shall deposit with the Trustee a sum sufficient to pay all arrears of interest upon all the Bonds (with interest upon anv overdue installments of interest at the rates expressed in the Bonds to the date of such payment or deposit). and all other sums payable under this Tndenture, except the principal of any Bonds which shall not have matured by their terms, shall have been duly paid, and every other default in the performance of any covenant or provision of the Bonds or of this Indenture shall have been made good or secured to the satisfaction of the Trustee or arranzements deemed by the Trustee to he adenliate shall he made therefor, then and in every such case the Trustee shall consider the default waived and shall rescind and annnl such declaration and its consenuences upon the receipt of written waivers of default from the Tiolders of not less than sixty-six and two-thirds percent ((i621�,%) in principal amount of the Bonds then outstandinn: but no such waiver, rescission or annul- ment shall extend to or affect any subsequent default or shall impair or exhaust anv right or power consequent thereon. Section 803. Application of Moneys Ubon Default. If at any time the moneys in the Debt Service Fund, the Bond Redemption Fund and the Reserve Fnnd shall not be sufficient to pay the principal of and the interest on the Bonds as the same become due and payable, such moneys, together with any moneys available or thereafter becoming available for such purpose whether t.hrongh the exercise of the remedies pro- vided for in this Article or otherwise, shall be applied by the Trustee as follows: 40 R I (a) Unless the principal of all of the Bonds shall become due and payable pursuant to Section 802, all such moneys shall be applied: First: To the payment to the persons entitled thereto of all installments of interest then due, in the order of the matur- ity of the installments of such interest, and, if the amount available shall not be sufficient to pay in full any particular installment, then to the payment ratably, according to the amounts due on such installment, to the persons entitled there- to, without any discrimination or preference except as to any difference in the respective rates of interest specified in the Bonds; and Second: To the pa zument of the principal of the respective Bonds as they become due in accordance with the provisions of this Indenture. and, if the amount available shall not be sufficient to pay in full all Bonds due, then to the payment ratably, according to the amounts due on such Bonds. (b) If the principal of all of the Bonds shall become due and payable, all such moneys shall be applied to the payment of the principal and interest then due and unpaid upon the Bonds,without preference or priority of principal over interest or of interest over principal, or of any installment of interest over any other install- ment of interest, or of any Bond over any other Bond, ratably, according to the amount due respectively for principal and interest, to the persons entitled thereto, without any discrimination or pref- erence except as to any difference in the respective rates of in- terest specified in the Bonds. Whenever moneys are to be applied by the Trustee pursuant to the provisions of this Section, such moneys shall be applied by the Trustee at such times, and from time to time, as the Trustee in its sole discretion shall determine, having due regard to the amount of such moneys avail- able for application and the likelihood of additional moneys becoming available for such application in the future; setting aside such moneys in trust for the proper purpose, shall constitute proper application by the Trustee; and the Trustee shall incur no liability whatsoever to the Corporation, to any Bondholder or to any other person for any delay in applying any such moneys, so long as the Trustee acts with reasonable t diligence, having due regard for the circumstances, and ultimately applies the same in accordance with such provisions of this Indenture as may be applicable at the time of application by the Trustee. Whenever the Trustee shall exercise such discretion in applying such moneys, it 41 42 1. (pl shall fix the date (which shall be an interest payment date unless the Trustee shall deem another date more suitable) upon which such appli- cation is to be made and upon such date interest on the amounts of principal to be paid on such date (as determined by the Trustee using commonly accepted methods of accounting) shall cease to accrue. The Trustee shall give such notice as it may deein appropriate for the fixing of any such date. The Trusted shall not be required to make payment. to the Holder of an- unpaid coupon or any Bond unless such coupon or such Bond shall be presented to the Trustee for appropriate endorse- ment or for cancellation if f,,aly paid. Section 804. Discontinuance of Any Proceeding. In case any proceeding taken by tbo Trnstee on account of any default shall have been discontinued or abandoned for any reason, then in every such case the Corporation, the Trustee and the Bondholders shall be rdstored to t1wir former positions and rights hereunder, respectively, and all rights, rdmedies, powdrs and duties of the Trustee shall con- tinue as though no such pro^eeding had been taker.. Section 805. Action of Trustee Directed by Majority of Bond- holders. Anything in this Tndenture to the contrary notwithstanding, the Holders of a majority- in principal amount of the Bonds then outstanding hereunder shall have the right by an instrument or con- current instruments in writing executed and delivered to the Trustee, to direct the method and place of conductin'- all remedial proceedings to be taken by the Trustee hereunder, provided that such direction shall not be otherwise than in accordance with law or the provisions of this Indenture, and that the Trustee shall have the right to decline to follow an-,• such direction which in the opinion of the Trustee would be. unjustly prejudicial to Bondholders not parties to such direction. Section 806. Notice to Trustee Before Legal Action. No Holder of any of the outstanding Bonds shall have any right to institute any suit, action, mandamus or other proceeding in equity or at law for the execution of any trust hereunder, or the protection or en- forcement of any riglit under this Indenture or any right under law unless the Holders of not less than twenty percent (20 jo) in principal amount of the Bonds then outstanding shall have made written request of the Trustee after the right to exercise such powers or right of action, as the case may be, shall have accrued and shall have afforded the. Trustee a reasonable opportunity either to proceed to exercise the powers herein granted or granted under the law or to institute such action, suit or proceeding in its name, and the Trustee shall have refused 42 t y or neglected to comply with such request within a reasonable time not exceeding sixty (60) days. It is understood and intended that no one or more Holders of the Bonds hereby secured shall have any right in any manner whatever by his or their action to affect, disturb or preju- dice the security of this Tndenture, or to enforce any right hereunder or under law with respect to the Bonds or this Indenture, except in the w manner herein provided, and that all proceedings at law or in equity shall be instituted, had and maintained in the manner herein provided and for the benefit of all Holders of the outstanding Bonds and coupons. Anything in this Indenture to the contrary notwithstanding, the right of any Holder of any Bond to receive payment of the principal of and interest on such Bond, on or after the respective due dates expressed in such Bond, or to institute suit for the enforcement of any such payment on or after such respective dates shall not be impaired or affected without the consent of such Holder. Section S07. Action by Trustee on Behalf of Bondholders. All rights of action under this Indenture or under any of the Bonds, en- forceable by the Trustee, may be enforced by it without the posses- sion of any of the Bonds or the coupons appertaining thereto or the production thereon the trial or other proceeding relative thereto, and any such suit, action or proceeding instituted by the Trustee shall be brought in its name for the benefit of all the Holders of such Bonds and coupons, subject to the provisions of this Indenture. Section 808. Remedies Cumulative. \o remedy herehi conferred upon or reserved to the Trustee or to the Holders of the Bonds is intended to be exclusive of any other remedy or remedies, and each and every such remedy shall be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity or by statute. Section 800. No Waiver of Default. No delay or omission of the Trustee or of any Holder of the Bonds to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or an acquiescence therein; and every power and remedy given by this Indenture to the Trustee and the Holders of the Bonds, respectively, may be exercised from time to time and as often as inay be deemed expedient. The Trustee may, and upon written request of the Holders of not less than a majority in principal amount of the Bonds then outstanding shall, waive any default which in its opinion shall have been remedied 43 i i f r before the completion of the enforcement of any remedy under this Indenture, but no such waiver shall extend to or affect any other exist- ing or any subsequent default or defaults or impair any rights or remedies consequent thereon. Section 810. Notification of Default. The Trustee shall give to the Bondholders notice of each default hereunder known to the Trustee within ninety (90) days after the occurrence thereof, unless such default shall have been remedied or cured before the giving of such notice; provided that except in the case of default in the payment of the principal of, premium, if any, or interest on any of the Bonds, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or responsible officers of the Trustee in good faith deter- mines that the withholding of such notice is in the interests of the Bondholders. Each such notice of default shall be given by the Trustee by mailing written notice thereof: (1) to all Holders of registered Bonds then outstanding, as the names and addresses of such Holders appear upon the books for registration and transfer of Bonds as kept by the Trustee; (2) to such Bondholders as have, within 2 years pre- ceding such transmission, filed their names and addresses with the Trustee for that purpose; and (3) to each Bondholder whose name and address the Trustee shall receive and preserve in its capacity as paying agent hereunder. The term "default", as used in this Section shall mean the hap- pening of any of the events of default above specified, except, for the purposes of this Section only, there shall be eliminated from the specification of any such event of default any reference therein to the continuance of any default or of any failure upon the part of the Corporation to act, or the continuance in force of any decree or order, for any period of days therein specified. ARTICLE IX CONCERNING THE TRUSTEE Section 901. Acceptance of Trusts by Trustee. The Trustee ac- cepts and agrees to execute the trusts imposed upon it by this Indenture, but only upon the terms and conditions and subject to the provisions of this Indenture, to all of which the parties hereto and the respective Holders of the Bonds agree. All funds created under this Indenture shall be held by the Trustee and administered as trust funds as herein provided. 44 t z Section 902. Absence of Responsibility of Trustee. The Trustee shall be under no obligation to effect or maintain insurance, or to renew any policies of insurance, or to inquire as to the sufficiency of any policies of insurance carried by the Corporation under the Lease. The Trustee shall not have any responsibility in respect of the validity or sufficiency of this Indenture or the due execution or acknowledg- ment thereof by the Corporation, or in respect of the validity of any 'f Bonds authenticated and delivered by the Trustee in accordance with the provisions of this Indenture, or of the coupons appertaining thereto. The recitals, statements and representations contained herein and in the Bonds (excluding the Trustee's certificate on the Bonds) shall be taken and construed as made by and on the part of the Corporation and not by the Trustee and the Trustee does not assume nor shall it be under any responsibility for the correctness of the same. Section 903. Trustee Not Responsible for Actions of Corporation. The Trustee shall not be liable or responsible because of the failure of the Corporation or of any of its officers, employees or agents to snake any collections or deposits, or to perform any act herein re- quired of the Corporation or its officers, directors, employees or agents. The Trustee shall not be responsible for the application of any of the proceeds of the Bonds or any other moneys deposited with it and paid out, invested, withdrawn or transferred in accordance -Nvith the provisions of this Indenture. The immunities and exemptions from liability of the Trustee hereunder shall extend to its directors, officers, employees and agents. Section 904. Compensation of Trustee. Subject to the provisions of any contract between the Corporation and the Trustee, the Corpo- ration shall, from the Administrative Expense Account, pay to the Trustee, in the manner provided in this Indenture, reasonable com- pensation for all services performed by it hereunder, and also all of its reasonable expenses, charges and other disbursements and those of its attorneys, agents, and employees incurred in and about the accept- ance, administration and execution of the trusts hereby created and the performance of its powers and duties hereunder, and, from such Ad- ministrative Expense Account, shall indemnify and save the Trustee harmless against any liabilities which it may incur in the exercise and performance of its powers and duties hereunder. Section 905. Trustee's Right to Own and Deal in Bonds. The bank or trust company acting as Trustee under this Indenture, and 45 i i its directors, officers, employees or agents, may in good faith buy, sell, own, hold and deal in any of the Bonds or coupons issued under and secured by this Indenture, as permitted by the Trust Indenture act of 1939, as amended, and may join in any action which any bondholder may be entitled to take with like effect as if such bank or trust company were not the Trustee under this Indenture. Section 906. Duties and Responsibilities of Trustee. The .Trustee, prior to the occurrence of an event of default and after the curing of all events of default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an event of default has occurred (which has not been cured) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his m n affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own wilful misconduct, except that: (a) Prior to the occurrence of an event of default and after the curing of all events of default which may have occurred: (1) the duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied-covenants or obligations shall be read into this Indenture against the Trustee; and (2) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the state- ; ments and the correctness of the opinions expressed therein, upon any certificates or opinion furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to deter- mine whether or not they conform to the requirements of this Indenture; (b) The Trustee shall not be liable for any error of judgment made in good faith by a responsible officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 46 i i �3 r } (c) The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of not less than a majority in principal amount of the Bonds at the time outstanding relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture. Section 907. Certain Rights of Trustees. Except as otherwise above provided: (a) The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, coupon or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; (b) Any request, direction, order or demand of the Corpora- tion mentioned herein shall be sufficiently evidenced by an instru- ment signed in the name of the Corporation by the President or Vice President and the Secretary or Treasurer (unless other evi- dence in respect thereof be herein specifically prescribed) ; and any resolution of the Board of Directors of the Corporation may be evidenced to the Trustee by a copy thereof certified by the Secre- tary of the Corporation; (c) The Trustee may consult with counsel and any opinion of such counsel shall be full and complete authorization and pro- tection in respect of any action taken or suffered by it hereunder in good faith and in accordance with such opinion; (d) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Bondholders, pursuant to the provisions of this Indenture, unless such Bondholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby; and (e) The Trustee shall not be liable for any action taken by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. Section 908. Right of Trustee to Rely on Certificates. Except as otherwise above provided, whenever in the administration of the pro- visions of this Indenture the Trustee shall deem it necessary or de- 47 ------ sirable that a matter be provided or established prior to taking or suffering any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the ab- sence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by a certificate signed by the President or Vice President and by the Secretary or Treasurer of the Corporation and delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. Section 909. Eligibility for Appointment as Trustee. The Trustee hereunder shall at all times be a corporation organized and doing business under the laws of the United States or the State of Cali- fornia authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $1,000,000, subject to supervision or examination by Federal or State authority and having its principal office and place of business in the State of California. If such corporation publishes reports of its condition at least-annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation shall be deemed to be its com- bined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect below specified. Section 910. Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee, or any trustee hereafter appointed, may at any time resign by giving written notice of resignation to the Corporation and by publication of notice of resignation at least once in a newspaper printed in the English language and customarily pub- lished at least once a day for at least five (5) days in each calendar Week and of general circulation in the City of Los Angeles, State of California. Upon receiving such notice of resignation and evidence satisfactory to it of such publication, the Corporation shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors of the Corporation, one copy of 48 f . 4 ell instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been =o al'Poanted and have accepted appointment within thirty (30) days after the publication of such notice of resignation, the resigning Trustee may Petition any court of competent jurisdiction for the appointment of a successor trustee, or any Bondholder who has been a bona fide Holder of a Fond or Bonds for at least six (6) months may on behalf of himself and all others similarly situated, petition any such court for the .appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a ciaccessor trustee. (b) In case at any time any of the following shall occur— (i) The Trustee shall cease to be eligible and shall fail to resign after written request therefor by the Corporation or by any such Bondholder, or (ii) The Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, the Corporation may remove the Trustee and appoint a successor trustee by written instrument, in duplicate, execu- ted by order of the Board of Directors of the Corporation, one copy of which instrument shall be delivered to the Trustee so removed and one copy- to the successor trustee, or, any Bondholder who has been a bona fide Holder of a Bond or Bonds for at least six (6) months may, on behalf of himself and all other similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appoint- ment of a successor trustee. Stich court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. (e) The Holders of a majority in aggregate principal amount of the Bonds at the time outstanding may at any time remove the Trustee and appoint a successor trustee. (d) Any resignation or removal of the Trustee and appointment of :a, successor trustee pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided below. This method of substitution is in lieu of all other methods of substitution. 49 3 . J. Section 911. Acceptance of Appointment by Successor Trustee. successor trustee appointed as above provided shall execute, acknol ledge and deliver to the Corporation and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written request of the Corporation or of the successor trustee, the trustee ceasing to act shall, upon payment of its charges then unpaid, execute, acl.-nowledge and deliver an instrument transferring to such successor trustee all the rights and powers of the trustee so ceasing to act. Upon request of any such successor trustee, the Corporation shall execute any and all instruments in writing for more fully and certainly vesting in and eonfirming to such successor trustee all such rights and powers. Any trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it. No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be eligible. No successor trustee shall be appointed under the provisions of this Indenture or be substituted for the present Trustee hereunder or for any successor of the present Trustee hereunder unless the Com- missioner of Corporations of the State of California shall have been notified in writing of such proposed appointment or substitution and shall not have disapproved thereof within a period of fifteen (15) days after the giving of such notice. Upon acceptance of appointment by a successor trustee as provided in this Section, the Corporation shall publish notice of the succession of -such trustee hereunder at least once in a newspaper of general circula- tion printed in the English language and published in the City of Los Angeles, State of California. If the Corporation fails to publish such notice within ten (10) days after acceptance of appointment by the sliecessor trustee, the successor trustee shall cause such notice to be Published at the expense of the Corporation. Section 912. Merger or Consolidation of Trustee. Any corpora- tion into which the Trustee may be merged or with which it may be consolidated, or any corporation resulting from any merger or con- 50 i i i i solidation to which the Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Trustee, shall be the successor trustee hereunder, provided such corporation shall be eligible, Without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary not- withstanding. Section 913. Requirements as to Trustee's Records. So long as any of the Bonds shall remain outstanding: (i) the records of the Trustee pertaining to the Bonds and to the Trustee hereunder shall be available to and open for inspection at all times by the Corporation, the City and the Commissioner of Corporations of the State of Cali- fornia, and (ii) the Trustee shall retain in its possession all financial statements furnished to it pursuant to this Indenture. The Trustee shall transfer to any successor trustee copies of the records of the Trustee pertaining to the Bonds and to the Trustee. ARTICLE A EXECUTION OF INSTRMNfENTS BY BONDHOLDERS AND PROOFS OF OWNERSHIP OF BONDS Section 1001. Method of Execution of Instruments by Bondholders. .any request, direction, consent or other instrument in writing required or permitted by this Indenture to be signed or executed by Bondholders may be in any number of concurrent instruments of similar tenor, and may be signed or executed by such Bond- holders in person or by agent appointed by an instrument in writing. Proof of the execution of any such instrument and of the ownership of Bonds shall bp sufficient for any purpose of this Indenture, and shall be conclusive, in favor of the Trustee with regard to any action taken under such instrument, if made in the following manner: f (a) The fact and date of the execution by any person of any 1 such instrument may be proved by the verification of any officer in any jurisdiction who, by the laws thereof, has power to take affidavits within such jurisdiction, to the effect that such instru- ment was subscribed and sworn to before him, or by an affidavit of a witness to such execution; (b) The fact of the holding of coupon Bonds by any Bond- holder and the amount and the numbers of such Bonds and the date of his holding the same (unless such Bonds be registered) may be proved by the affidavit of the person claiming to be such Sl +s— i �fr Holder, if such affidavit shall be deemed by the Trustee to be satisfactory, or by a certificate executed by any trust company, bank, banker or any other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, sho-%v- in that at the date therein mentioned such person had on deposit with such trust company, bank, banker or other depositary the Bonds described in such certificate. The Trustee may conclusively assume that such ownership continues until written notice of the contrary is served upon the Trustee. The ownership of registered Bonds shall be proved by the registration books kept by the Trustee under the provisions of this Indenture. Nothing contained in this Article shall be construed as limiting the Trustee to such proof, it being intended that the Trustee may accept any other e«deuce of the matters herein stated which may seem suffi- rient. Any request or consent of. the Holder of any Bond shall bind every future Holder of the same Bond in respect of anything done by the Trustee in pursuance of such request or consent. ARTICLE RI SUPPLEMENTAL INDENTURES Section 1101. Without Consent of Bondholders. The Corporation and the Trustee,may, from time to time and at any time, enter into such indentures or agreements supplemental hereto as shall not be incon- sistent with the terms and provisions hereof (which supplemental indentures or agreements shall thereafter form a part hereof), (a) to cure any ambiguity or formal defect or omission in this t Indenture or in any supplemental agreement, or ; (b) to grant to or confer upon the Trustee for the benefit of the Bondholders any additional rights, remedies, powers, authority or security that may lawfully be granted to or conferred upon the Bondholders or the Trustee. i Section 1.102. With Consent of Bondholders. Subject to the terms and provisions contained in this Section, and not otherwise, the Holders of not less than sixty six and two-thirds percent (66%7o) in aggregate principal amount of the Bonds then outstanding shall have the right, from time to time, anything contained in this Indenture to the contrary notwithstanding, to consent to and approve the execution by the Corpo- ration and the Trustee of such indentures or agreements supplemental 52 j hereto as shall be deemed necessary or desirable by the Corporation for the purpose of modifying, altering, amending, adding to or rescinding, in any particular, any of the terms or provisions contained in this Indenture or in any supplemental indenture or agreement; provided, however, that nothing herein contained shall permit, or be construed as permitting, (a) an extension of the maturity of the principal of or the interest on any Bond issued hereunder, or (b) a reduction in the principal amount or redemption price of any Bond or the rate of interest thereon, or (c) the creation of a lien upon or a pledge of the Rental Revenue herein pledged ranking prior to or on a parity with the lien and pledge created by this Indenture, or (d) a preference or priority of any Bond or Bonds over any other Bond or Bonds, or (e) a reduction in the aggregate principal amount of the Bonds required for consent to such a supplemental agreement. If at any time the Corporation shall request the Trustee to enter into any supplemental indenture or agreement for any of the purposes of this Section, the Trustee shall, at the expense of the Corporation, cause notice of the proposed execution of such supplemental agreement to be published in a daily financial journal or daily newspaper of general circulation in the City of Los Angeles, State of California, and shall also cause a similar notice to be mailed, postage prepaid, (1) to all Holders of registered Bonds then outstanding, at their addresses as they appear on the registration books hereinabove pro- vided for, (2) to such Bondholders as have, within two (2) years pre- s ceding such transmission, filed their names and addresses with the Trustee for that purpose, and (3) to each Bondholder whose name and address the Trustee shall receive and preserve in its capacity as paying Y agent hereunder. Such notice shall briefly set forth the nature of the proposed supplemental indenture or agreement and shall state that a copy thereof is on file at the office of the Trustee for inspection by all Bondholders. The Trustee shall not,however,be subject to any liability to any Bondholder by reason of its failure to mail the notice required by this Section, and any such failure shall not affect the validity of such supplemental indenture or agreement when consented to and approved as provided in this Section. Whenever at any time within one year after date of the first publi- cation of such notice, the Corporation shall deliver to the Trustee an instrument or instruments purporting to be executed by the Holders of not less than sixty six and two-thirds percent (662/3%) in aggregate principal amount of the Bonds then outstanding, which instrument or instruments shall refer to the proposed supplemental indenture or 53 iy agreement described in such notice, and shall specifically consent to and approve the execution thereof in substantially the form of the copy thereof referred to in such notice as on file with the Trustee, thereupon, but not otherwise, the Trustee may execute such supplemental indenture or agreement in substantially such form, without liability or responsi- bility to any Holder of any Bond, whether or not such Holder shall have consented thereto. If the Holders of not less than sixty six and t-,vo-thirds percent (662,,,% ) in aggregate principal amount of the Bonds outstanding at the time of the execution of such supplemental indenture or agreement shall have consented to and approved the execution thereof as herein provided, no Holder of any Bond shall have any right to object to the execution of such supplemental indenture or agreement, or to object to any of the terms and provisions contained therein or the operation thereof, or in any manner to question the propriety of the execution thereof, or to enjoin or restrain the Trustee or the Corporation from executing the same or from taking any action pursuant to the provisions thereof. Upon the execution of any supplemental indenture or agreement pursuant to the provisions of this Section, this Indenture shall be, and be deemed to be, modified and amended in accordance therewith, and + the respective rights, duties and obligations under this Indenture of the Corporation and the Trustee and all Holders of Bonds then outstanding shall thereafter be determined, exercised and enforced hereunder, sub- ject in all respects to such modifications and amendments. Section 1103. Approval by Counsel. The Trustee shall be entitled to receive, and shall be fully protected in relying upon, the opinion of Bond Counsel, as conclusive evidence that any such proposed sup- plemental indenture or agreement complies with the provisions of this Indenture, and that it is proper for the Trustee, under the pro- visions of this Article, to join in the execution of such supplemental indenture or agreement. Section 1104. Approval by Corporation and Bondholders. Not- withstanding anything contained in the foregoing provisions of this Indenture, the rights and obligations of the Corporation and of the I folders of the Bonds, and the terms and provisions of the Bonds, and this Indenture or any supplemental indenture or agreement, may be modified or altered in any respect with the consent of the Corpo- ration, the Trustee and the consent of the Holders of all of the Bonds then outstanding. 54 J Noma- .y ARTICLE XII DEFEASANCE Section 1.201. Payment of Bonds and Discharge of Indenture. If the Corporation shall pay or cause to be paid, or there shall otherwise be paid, to the Holders of the Bonds and coupons, the principal and interest and redemption price, if any, to become due thereon, then the pledge of the Rental Revenue and other moneys and securities hereby pledged, the right, title and interest of the.Trustee, and all other rights granted hereby, shall thereupon cease, terminate and become void and be discharged and satisfied. In such event, the Trustee shall cause an accounting for such period or periods as shall be requested by the Corporation, to be prepared and filed with the Corporation, and the Trustee, upon the request of the Corporation, shall release this Inden- ture and execute and deliver to the Corporation all such instruments as may be desirable to evidence such release, discharge and satisfaction, and the Trustee and the Paying Agent shall pay over or deliver to the Corporation all moneys or securities held by them pursuant to this Indenture which are not required for the payment or redemption of Bonds or coupons not theretofore surrendered for such payment or redemption. Section 1202. Bonds, Coupons and Redemption Price Deemed to be Repaid. Bonds or coupons for the payment or redemption of which moneys shall then be held by the Trustee or the Paying Agent (through deposit by the Corporation of funds for such payment or redemption or. otherwise), whether at or prior to the maturity or the redemption date of such Bonds, shall be deemed to have been paid; provided, however, that if any such Bonds are to be redeemed prior to the maturity thereof, the Corporation shall have taken all action necessary to redeem such Bonds and notice of such redemption shall have been duly given or provision satisfactory to the Trustee shall have been made for the giving of such notice; and provided, further, that, if the maturity or redemption date of any such Bond shall not have arrived, provision shall have been made by the Corporation by deposit with the Trustee or Paying Agent, or other method satis- factory to the Trustee, for the payment to the Holder of any such Bonds and coupons, upon surrender thereof, whether or not prior to the maturity or redemption date thereof, of the full amount to which they would be entitled by way of principal, redemption price or inter- est to the date of such maturity or redemption, and provision shall have been made by the Corporation, satisfactory to the Trustee, for the 55 publication, at least twice, at an interval of not less than seven (7) days between publications, in a daily financial journal or daily newspaper-of general circulation published in the City of Los Angeles, State of California, of a notice to the Holders of such Bonds and coupons that I such moneys are so available for such payment. ARTICLE XIII MISCELLANEOUS PROVISIONS Section 1.301. Successor to Corporation. All of the covenants, stipulations, obligations and agreements contained in this Indenture by or in behalf of or for the benefit of the Corporation shall bind or inure to the benefit of the successor or successors of the Corporation from time to time, and any officer, board, corporation, commission, authority, agency or instrumentality to whom or to which any power or duty affecting such covenants, stipulations, obligations and agree- ments shall be transferred by or in accordance with law. Section 1302. Notice. Any notice, demand, direction, request or other instrument authorized or required by this Indenture to be given to or filed with the Corporation or the Trustee shall be deemed to leave been sufficiently given or filed for all purposes of this Indenture # if and when sent by registered mail, return receipt. requested: to the Corporation if addressed to such address as may be desig- nated in writing by the Corporation to the Trustee; to the Trustee, at its corporate agency division in Los Angeles, California. All documents received by the Trustee under the provisions of this Indenture shall be retained in its possession, subject at all reasonable ' times to the inspection of the Corporation, any Bondholder, and the agents and representatives thereof. ' Section 1303. Indenture for Sole Benefit of Parties and Bond- holders. Nothing in this Indenture express or implied is intended , or shall be construed to confer upon any person, firm or corporation other than the parties hereto and the Holders of the Bonds and the coupons thereunto appertaining any right, remedy or claim, legal or equitable, under or by reason of this Indenture or any provision hereof, this Indenture and all its provisions being intended to be and being for the sole and exclusive benefit of the parties hereto and the Holders from time to time of the Bonds and such coupons. 56 t f r 1 . n Section 1304. Severability. In case any one or more of the pro- ,-isions of this Indenture or of the Bonds or coupons, or the application thereof to any person or circumstances shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this Indenture or of said Bonds or coupons, or the application thereof to other persons or circumstances,but this Indenture and said Bonds and coupons shall be construed and enforced as if such illegal or invalid provisions had not been contained therein. In case any covenant, stipulation, obligation or agreement contained in the Bonds or in this Indenture shall for any reason be held to be in violation of lava, then such covenant, stipulation, or obligation or agreement shall be deemed to be the covenant, stipulation, obligation or agreement of the Corporation to the full extent permitted by law. Section 1305. Waiver of Personal Liability. All covenants, stipu- lations, obligations and agreements of the Corporation contained in this Indenture shall be deemed to be covenants, stipulations, obligations and agreements of the Corporation to the full extent authorized and per- :nitted by the Constitution and laws of the State of California. No cove- nant, stipulation, obligation or agreement contained herein shall be deemed to be a covenant, stipulation, obligation or agreement of any past, present or future incorporator, member, director, officer, agent or employee of the Corporation in his individual capacity, and any officer of the Corporation executing the Bonds shall not he liable personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance thereof. No recourse under or upon any obliga- tion, covenant or agreement contained in this Indenture, or in any Bond or coupon hereby secured, or under any judgment obtained against the Corporation, or by the enforcement of any assessment or by any legal or equitable proceeding by virtue of any constitution or statute or otherwise, or under any circumstances, under or independent of this Indenture, shall be had against any incorporator, member, director, officer, agent or employee, as such, past, present or future, of the Corporation, either directly or through the Corporation, or otherwise for the payment for or to the Corporation or any receiver thereof, or for or to the Holder of any Bond or coupon issued hereunder or other- wiso, of any sum that may be due and unpaid by the Corporation upon any such Bond or coupon, and any and all personal liability of every nature, whether at common law or in equity, or by statute or by consti- tution or otherwise, of any such incorporator, member, director, officer, agent or employee as such, to respond by reason of omission on his 57 4� part. or otherwise. for the payment for or to the Corporation or any I•Fceiver thereof, for or to tLe Holder of any Bond or coupon issued 1ereun ler or otherwise. of any sum that may remain due and unpaid upon the Bonds and coupons hereby secured or any of thew, is hereby expressly `�awed and released as a condition of and consideration for the execution of this Indenture and the Issue of such Bonds and con- „ons. Nothing provided in this Section shall operate as a protection tirnm liability for acts cons tituting had faith, wilful misfeasance, gross � „1�li °encc or reckless disregard Of duties. 1306. Subordination of Indenture. This Indenture and the rights and privileges hereunder of the Trustee and the Holders of the Bonds are specifically made subject and subordinate to the rights and privi- 1eg•es of the Corporation and the City set forth in the Lease. Section 130i. Validity of Multiple Copies. This Indenture nlay h executed in multiple counterparts, each of which shall be regarded for all purposes as an original; and such counterparts shall constitute hnt one and the salve instrument. Section 1308. headings. .any headings preceding the texts of the ;several Articles hereof, and any table of contents or marginal notes f appended to copies hereof, shall be solely for convenience of reference and shall not constitute a part of this Indenture, nor shall they affect its Iueaning, construction or effect. IN A\.IT\ESS WHEREOF, the Corporation has caused this Indenture to he executed b}- its President. and Secretary and its corporate seal affixed, and 'Trustee has caused this Indenture to be executed by its Vice President and Assistant Vice President and its corporate seal affixed, all as of the day and year first above written. I 111"TINGTON 1-I)EACH PUBLIC / �.%/ (Seal) FACILITIES CORPORATIO\ Pr id e n.t Ct 1 �� 1 Sec etary 1')auk "rica &S.A. Trustee By Vice President (Seal) -Ass't.V resident 58 9 1 STATE OF CAT, ORNIA ] } BB. COUNTY OF USANaH On this day of ....... ........_, 1972, before me, the undersigned, a \Totary Public. in and for said State, personally appeared LARRY L. CURRAN and DARRELL E. WARD known to me to be the President and the Secretary, respectively, Of HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION, one of the corporations that executed the within instru- ment, known to me to be the persons who executed the within instru- ment on behalf of such corporation, and acknowledged to me that such corporation executed the within instrument pursuant to its by-laws and a resolution of its Board of Directors. WrrNEss my hand and official seal. (Seal) ,,/ J���e-.Gz-.•-G�- E i OFFICIAL SEAL • Notary Public in and for the ' FLOYD G. BELSITO State of California NOTARY PUBLIC ■ — CALIFORNi.4 �.LS"y d,•y PRINCIPAL OFFICE IN J ■ C.RA^.GE COUNTY ■ • My Commission Expires 10, 1974 :a■acvc,■ssoaeaaacs......•••■■i ............................................ i 6 t41 1 i A t 59 r STATE OF C:iLLIFORNIA SS. COL;�TY OF Los A�TGEL1sS On this J-5Tda-, of/�!G.s!.�-�.•, 1972, before Ine, the undersigned. tiothzl� Public in and for said State, personally- appeared ,5,- - (IFS end l •1� � N_lUl:nown to me to be a Vice President and an Assistant 1-ice President, respectively, of Bank of America National Trust and &II-inn-s Association, one of the corporations that executed the within instrument, known to me to be the persons who executed the within instrument on behalf of such corporation, and acknowledged to me that such corporation executed the within instrument pursuant to its by-laws or a resolution of its board of directors. `�TITVF.SS mN hand and official seal. (Seal) OFFICIAL SEAL - ' ] BARBARA D !(GEANi NOTARY PUBLIC - CALIFORNIA �� Totary Public in and for the PRINCIPAL OFFICE IN I COUP ITY OF LOS ANGELES State of California MY COMMISSION EXPIRES OCTOBER 8 1972 Aly Commission Expires -----------•-------------------------------- E P.. t { 60 PY EXHIBIT A That portion of the South-half (Sl/=) of the Southwest one quarter (Sw4) of Section 26, Township 5 South, Range 11 West, San Ber- nardino Base and Meridian in the City of Huntington Beach, County of Orange, State of California, as shown on a map recorded in Book 51, Page 13 of Miscellaneous flaps, in the office of the Counts- Recorder of said Count- described as follows: Beginning at the Southwest corner of said section 26 thence North 89' 20' 21" East 50.00 feet along southline of said Section 26 to a point on a line parallel with and 50.00 feet easterly, measured at right angles, from the west line of said Southwest one-quarter (SN1/4) ; thence North 0° 50' 12" Nest 30.00 feet along said line to the TRUE POINT OF BEGINNING; Thence continuing along said line North 0° 50' 12" West 1290.57 feet to a point on the North line of the South one-half (Sl/2) of said Southwest one-quarter (SW'/,-) , thence North 89' 21' 27" East 610.00 feet along said line to a point on the East line of the West 20 acres of said South one- half (S1/_) ; thence South 0° 50' 04" East 673.85 feet along-said east line of the West 20 acres to a point; thence North 890 09' 55" East 23.57 Feet to a point on a tangent curve concave to the Southwest having a radius of 420.00 feet; thence southeasterly along said curve through a central angle of 40' 40' 27" an are distance of 298.16 feet to a point on a tangent curve concave to the southwest having a radius of 160.00 feet; thence southeasterly along said curve through a central angle of 49' 30' 00" and arc distance of 138.23 feet to a point on a tangent line; thence South 0° 39' 38" East 437.00 feet to a point on a line parallel with and 10.00 feet southerly measured at right angles from the south line of said Section 26; thence South 89' 20' 22" Nest 342.50 feet along said line to a point; thence North 37' 08' 10" West 53.11 feet to a point on a line parallel with and 30.00 feet North measured at right angles from south line of said Section 26; thence South 89' 20' 22" West 587.71 feet along said line to the TRUE POINT OF BEGINNING. 61 [THIS PAGE INTENTIONALLY LEFT BLANK] f s tI 62 i EXHIBIT B [FORbf OF COUPON BOND] No. $5,000 HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION LEASEHOLD i\1ORTGAGE BOND SECOND ISSUE KNOW ALL MEN BY THESE PRESENTS that HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION (hereinafter called the "Corpora- tion"), a non-profit corporation duly organized and existing under the laws of the State of California, for value received, hereby promises to pay to the bearer, or, if this bond be registered, to the registered owner hereof, on the first day of September, 19..... unless redeemed prior thereto as hereinafter provided, upon the presentation and surrender hereof, the principal sum of FIVE THOUSAND DOLLARS -($5,000) and to pay interest on said principal sum from the date hereof, at the rate of ................ per cent (......%) per annum, until the payment of such principal sum has been made or provided for, such interest being payable semi- annually on the first day Of March and the first day of Septem- ber in each year, upon the presentation and surrender of the attached coupons evidencing such interest as the same respectively fall due. The principal of, interest, and premium, if any, on, this bond are payable in lawful money of the United States of America at the corporate agency division of the Trustee,hereinafter referred to, in the City of Los Angeles, State of California, or at the princi- pal office of any paying agent in the City of Chicago, Illinois or The City of New Fork, New York, at the option of the holder hereof. f 1 The bonds of the issue of which this bond is one are redeemable c at any time prior to their stated dates of maturity in the event of loss of or damage to or condemnation of the Project, as more fully set out in the Indenture hereinafter referred to, for the principal amount thereof together with interest accrued to the redemption date plus a premium equal to one quarter of one per- cent (1/4%) of said principal amount plus one quarter of one percent (14%) for each year or fraction of a year from the redemp- tion date to the maturity date of this bond provided that such t t t 1. 1W i premium shall not exceed four percent (417o) of the principal amount. Redemption of the bonds for such purposes may be made, at the option of the Corporation, as a whole, or in part, but only in the manner and only from the funds as provided in said Indenture. Except as set forth in the preceding paragraph, if this bond matures on or prior to September 1, 1982, it shall not be subject to call and redemption prior to maturity. If this bond matures on September 1, 1983, or thereafter, it may, at the option of the Corpo- ration, be called for redemption prior to maturity in whole or in part. on September 1, .1982, or on any interest payment date there- after, but only in the manner and only from the funds as provided in said Indenture, at a redemption price for each redeemable bond equal to the principal amount thereof together with accrued interest to the redemption date plus a premium equal to one quarter of one percent (1/4 7o) of said principal amount plus one quarter of one percent (1/.1%) for each year or fraction of a year from the redemption date to the maturity date of the bond. A notice of the redemption of any of said bonds shall be published at least once not less than thirty (30) days prior to the redemption date in a daily financial journal or daily newspaper of general circulation printed in the English language and published in The City of New York, State of New York, and mailed to the registered owners of said bonds, in the manner provided in the Indenture. The bonds so duly called for redemption shall become and be due and payable at the redemption price provided for such bonds on the date designated for redemption, and when the neces- sary moneys shall have been deposited with, or shall be held by the Trustee, interest on such bonds called for redemption shall cease to accrue, the coupons for any such interest becoming due after the redemption date shall be void, and the holders or registered owners of said bonds called for redemption shall not have any lien, rights, benefits or security in respect thereof under the Indenture except to receive payment of the redemption price from moneys deposited with or held by the Trustee for such redemption of such bonds. This bond is one of a duly authorized issue of bonds of the Corporation limited to the aggregate principal amount of Five Million Dollars ($5,000,000), known as its "Leasehold Mortgage Bonds, Second Issue," of like date, tenor and effect, except as to : number, date of maturity, interest rate and authorized denom- 64 J. s E inations, and all issued or to be issued under and pursuant to an Indenture of _Mortgage and Deed of Trust (said Indenture, to- gether with all supplemental Indentures hereafter entered into in conformity with the terms and provisions thereof, being herein referred to collectively as the "Indenture"), dated as of the first day- of September, 1972, made and entered into by and between the Corporation and Bank of America National Trust and Savings Association, as Trustee (said bank and any successor thereto under the Indenture being referred to herein as the "Trustee"), an exe- cuted counterpart of which said Indenture is on file at the corporate agency division of the Trustee in Los Angeles, California. Ref- erence is made to said Indenture for the provisions, among others, relating to the terms and security of the bonds, the collection and application of rental revenues and other funds pledged to the pay- ment of the bonds, the custody and application of the proceeds of the bonds, the rights and remedies of the holders of the bonds, the rights, duties and obligations of the Corporation and of the Trustee, and each successive holder of this bond, by his acceptance hereof, irrevocably assents to all of the terms, conditions and pro- visions of said Indenture. The bonds are issued or are to be issued by the Corporation for the purpose of paving the cost of acquisition, construction, de- 4 velopment, equipment and financing of a certain Project defined in said Indenture, and are payable both as to principal and interest, from certain of the rental revenues and other funds to be derived by the Corporation from the lease of said Project all in the manner provided in the Indenture. The bonds are direct obliga- tions of the Corporation and the full faith and credit of the ` Corporation are pledged for the payment of such principal, in- test and redemption price. This bond is transferable by delivery unless registered as to tl principal in the name of the holder on books of the Corporation to k be kept for that purpose at the corporate agency division of the Trustee in Los Angeles, California, such registration to be noted hereon. After such registration no transfer shall be valid unless made upon such books by the registered owner in person or by at- torney duly authorized in writing and similarly noted hereon; but this bond may be discharged from registration by being in like manner transferred to bearer and thereupon transferability by de- livery shall be restored, after which this bond may again from 65 time to time be registered or discharged from registration as before. Such registration, however, shall not affect the negotiability of the coupons for interest hereto attached wNch shall always continue to be payable to bearer and to be transferable by delivery merely, and payment to the bearer thereof shall fully discharge the Corpo- ration in respect to the interest therein mentioned whether or not this bond be registered as to principal. The Corporation and the Trustee may deem and treat the bearer of this bond or, if this bond shall be registered as to prin- cipal, the person in whose name this bond shall be so registered, and the bearer of any interest coupon appertaining hereto whether or not this bond shall be so registered as to principal, as the absolute owner of such bond or such coupon, as the case may be (whether or not this bond or such coupon shall have become due and payable), for all purposes, and neither the Corporation nor the Trustee shall be affected by any notice to the contrary. The bonds of the issue of which this bond is one are issuable as coupon bonds payable to bearer and registrable as to principal alone, in the denomination of Five Thousand Dollars ($5,000) each, and as registered bonds -,vithout coupons in the denomination of Five Thousand Dollars ($5,000) each or in any multiple thereof. The coupon bonds and the registered bonds without coupons are interchangeable for bonds of the same interest rate and maturity upon the surrender thereof for such purpose by the holder or registered owner at the corporate agency division of the Trustee in Los Angeles, all in the manner and upon the payment of the charges and otherwise as provided in the Indenture. Except as provided in the Indenture, no recourse shall be had for the payment of the principal of,or the interest or premium,if any on this bond, or of any claim based hereon, or in respect hereto or of the Indenture, against any incorporator, member, officer or di- rector, as such,past, present or future, of the Corporation or of any successor company,whether directly or through a receiver or trustee in bankruptcy, whether by virtue of any statute or rule or law or by the enforcement of any assessment or penalty, or otherwise, all such liabilities being, by the acceptance hereof, expressly waived and released and being likewise waived and released by the terms of the Indenture, all as more fully provided therein. Neither this bond nor any interest coupon appertaining hereto shall be valid or become obligatory for any purpose unless and 66 T until this bond shall have been authenticated by the execution of the certificate hereon by the Trustee under the Indenture. All things necessary to make this bond, when authenticated by the Trustee, the valid, binding and legal obligation of the Corpora- tion payable in accordance with the terms hereof and as in the Indenture provided, and to make the Indenture valid, binding and legal for the security thereof, have been done and performed. IN WITNESS WHEREOF, HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION has caused this bond to be signed in its corporate name by the facsimile signature of its President, and its corporate seal or a facsimile thereof to be hereunto affixed and attested by the facsimile signature of its Secretary and coupons for interest bear- ing the facsimile signature of its Secretary to be hereunto attached, as of the first day of September, 1972. HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION By................................................................ President [SEAL] ATTEST: ...................................................... Secretary (FORM OF INTEREST COUPON) No. On the first day of , 19 (unless the bond hereafter mentioned shall have been duly called for previous redemption and payment duly provided therefor), upon surrender of this coupon, HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION will pay to the b? WIN fl'FIR;�_ _ Y x -: bearer at the corporate agency division of BANK of AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, In the City of Los Angeles, State of California, or at the principal office of any paying agent. in the City- of Chicago, Illinois or The City of New York, New York, at the option of the holder hereof ($...............) in lawful money of the United States of America, being the interest then due on its Leasehold Mortgage Bond, Second Issue, dated September 1, 1972. No- ---------------------------- Secretary (REGISTRATION FOR\I) Date of Name of Signature of Authorized Registration Registered Holder Officer of Trustee 68 ` I uc-.: EXHIBIT C FORM OF REGISTERED BOND HUNTIN GTON BEACH PUBLIC FACILITIES CORPORATION LEASEHOLD MORTGAGE BOND SECOND ISSUE No. R $ CouponBond Nos- ---------------------------------------------------------------------------------------- KNOW ALL MEN BY THESE PRESENTS that HUNTINGTON BEACH PUBLIC FACILITIIES CORPORATION (hereinafter called the "Corpora- tion"), a non-profit corporation duly organized and existing under the laws of the State of California, for value received, hereby promisesto pay to -------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------ or his registered assigns, on the first day of September, 19..... upon presentation and surrender of this Bond, the sum of .............. -----------------------------------------------------------------------DOLLARS ($......................) together with interest thereon from September 1, 1972 or from the most recent interest payment date to which interest has been paid or duly provided for, at the rate of ...... percent (......%) per annum, such interest being payable semi-almually on the first day of March and the first day of September in each year. The principal of, interest, and premium, if any, on this bond are payable in lawful money of the United States of America at the corporate agency division of the Trustee in the City of Los Angeles, State of California, or at the principal office of any paying agent in the City of Chicago, Illinois or The City of New York, New York, at the option of the holder hereof. Both principal of and interest on this Bond are payable to, or upon the order of, the person appearing as the registered owner hereof at the close of business on the 15th day preceding the payment date on registration books kept by the Trustee. The bonds of the issue of which this bond is one are redeemable at any time prior to their stated dates of maturity in the event of loss of or damage to or condemnation of the Project, as more fully set out in the Indenture hereinafter referred to, for the 69 1 t principal amount thereof together with interest accrued to the redemption date plus a premium equal to one quarter of one percent (1/4%) of said principal amount plus one quarter of one percent (1/4 7o) for each year or fraction of a year from the redemp- tion date to the maturity date of this Bond, provided that such pre- mium shall not exceed four percent (4%) of the principal amount. Redemption of the bonds for such purposes may be made, at the option of the Corporation, as a whole, or in part, but only in the manner and only from the fiends as provided in said Indenture. Except as set forth in the preceding paragraph, if this bond matures on or prior to September 1., 1982, it shall not be subject to call and redemption prior to maturity. If this bond matures on September 1, 1983, or thereafter, it may, at the option of the Cor- poration, be called for redemption prior to maturity in whole or in part on September 1, 1982, or on any interest payment date there- after, but only in the manner and only from the funds as provided in said Indenture at a redemption price for each redeemable bond equal to the principal amount thereof together with accrued interest to the redemption date plus a premium equal to one quarter of one percent (1/4%) of said principal amount plus one quarter of one percent (1/4%) for each year or fraction of a year from the redemp- tion date to the maturity date of the bond. A notice of the redemption of any of said bonds shall be published at least once not less than thirty (30) days prior to the redemption date in a daily financial journal or daily newspaper of general circulation printed in the English language and pub- lished in The City of New York, State of New York, and mailed to the registered owners of said Bonds, in the manner provided in the Indenture. The bonds or any portions thereof so duly called for redemption shall become and be due and payable at the redemption price provided for such bonds on the date designated for redemption, and when the necessary moneys shall have been deposited with, or shall be held by the Trustee, interest on such bonds or any portions thereof so called for redemption shall cease to accrue, and the holders or registered owners of said bonds or portions so called for redemption shall not have any lien, rights, benefits or security in respect thereof under the Indenture except to receive payment of the redemption price from moneys deposited or held by the Trustee for such redemption of such bonds or portions thereof. 70 Y This bond is one of a duly authorized issue of bonds of the Corporation limited to the aggregate principal amount of Fve Mil- lion Dollars ($5,000,000) known as its "Leasehold Mortgage Bonds, Second Issue" of like tenor and effect, except as to number, date of maturity, interest rate and authorized denominations, and all issued or to be issued under and pursuant to an Indenture of Mortgage and Deed of Trust (said Indenture, together with all supplemental In- dentures hereafter entered into in conformity with the terms and provisions thereof, being herein referred to collectively as the "In- denture"), dated as of the first day of September, 1972, made and entered into by and between the Corporation and Bank of America National Trust and Savings Association, as Trustee (said bank and any successor thereto under the Indenture being referred to herein as the "Trustee"), an executed counterpart of which said Indenture is on file at the corporate agency division of the Trustee in Los An- geles, California. Reference is made to said Indenture for the pro- visions, among others relating to the terms and security of the bonds, the collection and application of rental revenues and other funds pledged to the payment of the bonds, the custody and applica- tion of the proceeds of the bonds, the rights and remedies of the holders of the bonds, the rights, duties and obligations of the Cor- poration and of the Trustee, and each successive holder of this bond, by his acceptance hereof, irrevocably assents to all of the terms, conditions and provisions of said Indenture. The bonds are issued or are to be issued by the Corporation for the purpose of paying the cost of acquisition, construction, de- velopment, equipment and financing of a certain Project defined in said Indenture, and are payable both as to principal and interest from certain of the rental revenues and other funds to be derived by the Corporation from the lease of said Project all in the man- ner provided in the Indenture. The bonds are direct obligations of the Corporation and the full faith and credit of the Corpora- i tion are pledged for the payment of such principal, interest and j redemption price. This bond is transferable by the registered holder hereof in person or by his attorney duly authorized in writing at the corpo- rate agency division of the Trustee in Los Angeles, California but only in the manner, subject to the limitations, and upon payment of the charges provided in the Indenture, and upon surrender and 71 MWNRNNN _< _� _n T cancellation of this bond. Upon any such transfer the Corporation shall issue in the name of the transferee and, after due authenti- cation by the Trustee, deliver, in exchange for this bond, a new registered bond or new registered bonds without coupons, of authorized denominations, or, at the option of the transferee, coupon bonds «-ith coupons attached representing all unpaid interest due or to become due thereon, in aggregate principal amount equal to the principal amount of this bond, or the un- redeemed portion thereof, of the same maturity and bearing inter- est at the same rate. The bonds of the issue of which this bond is one are issuable as coupon bonds payable to bearer and registrable as to principal alone, in the denomination of Five Thousand Dollars ($5,000) each, and as registered bonds without coupons in the denomination of Five Thousand Dollars ($5,000) each or in any multiple thereof. The coupon bonds and the registered bonds without coupons are interchangeable for bonds of the same interest rate and maturity upon the surrender thereof for such purpose by the holder or registered owner at the corporate agency division of the Trustee in the City of Los Angeles, California, all in the manner and upon the payment of the charges and otherwise as provided in the Indenture. Except as provided in the Indenture, no recourse shall be had for the payment of the principal of, or the interest, or premium, if any, on this bond, or of any claim based hereon, or in respect hereto or of the Indenture, against any incorporator, member, officer or director, as such, past, present or future, of the Corpo- ration or of any successor company, whether directly or through a receiver or trustee in bankruptcy, whether by virtue of any statute or rule of law or by the enforcement of any assessment or penalty, or otherwise, all such liabilities being, by the acceptance hereof, expressly waived and released by the terms of the Inden- ture, all as more fully provided therein. This bond shall not be valid or become obligatory for any purpose unless and until this bond shall have been authenticated by the execution of the certificate hereon by the Trustee under the Indenture. All things necessary to make this bond, when authenticated by the Trustee, the valid, binding and legal obligation of the Cor- 72 poration payable in accordance with the terms hereof and as in the Indenture provided, and to make the Indenture valid, binding and legal for the security thereof, have been done and performed. IN WITNESS WHEREOF, HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION has caused this bond to be signed in its corporate name by the facsimile signature of its President, and its corporate seal or a facsimile thereof to be hereunto affixed and attested by the facsimile signature of its Secretary. Dated: ..................................... 19..... HUN=GTON BEAcH Puiamc FACILITIES CORPORATION By............................................................ President (SEAL) Attest: .....................................•---......•.....•........... Secretary 73 Now- F EXHIBIT D (FORM OF TRUSTEES CERTIFICATE OF AUTHENTICATION) [COUPON AND REGISTERED BONDS This bond is one of the bonds issued pursuant to and under the provisions of the within mentioned Indenture. .................................................................. Bank of America National Trust and Savings Association, as Trustee, By............................................................ Authorized Officer FORM OF ASSIGNMENT FOR ALL BONDS) FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfersunto ...................................................................................................... ..................•..............................................................................................•................ the within bond and hereby irrevocably constitutes and appoints ........................................................................................•......................................... ....................................................•............................................................................. attorney to transfer said bond on the registry books kept for that purpose with full power of substitution in the premises. Dated:......•.............................. .......... .................................................................. Witness: � .................................................................. 74 [CONFORMED COPY] i HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION i and CITY OF HUNTINGTON BEACH i Dated as of January 15, 1972 Recorded in the Office of the County Recorder of Orange County on February 11, 1972, as Document No. %21 in Book 9998, Page 745, of Official Records of Orange County HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION LEASE AND SUBLEASE THIS LEASE AND SUBLEASE, dated as of January 15, 1972, by and between HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION, hereinafter referred to as the "Corporation", and the CITY OF HUNTINGTON BEACH, a municipal corporation duly organized and existing by virtue of a charter adopted pursuant to the Constitution of the State of California in the State of California, hereinafter referred to as the "City", WITNESSETH: WHEREAS,the City is the owner of certain real property in the County of Orange, more particularly described in Exhibit A attached hereto and made a part hereof (hereinafter referred to as the "Site"); and WHEREAS, the City has caused to be prepared and has approved plans and specifications for the construction of a city hall, police building and related facilities to each of such buildings, all to be constructed on the Site (each of such buildings and related facilities being hereinafter referred to collectively as the "Facilities"); and WHEREAS, the Corporation intends to construct the Facilities, and to finance such construction by the issuance and sale of its leasehold mortgage bonds; NOW, THEREFORE in consideration of the payment of rental and the performance of the mutual promises and agreements herein contained at the time and in the manner specified, the parties hereto agree as follows: Section 1. Ground Lease For and in consideration of the sum of $350,000 advance rental, receipt of which is hereby acknowledged, the City hereby leases the Site to the Corporation for a term commencing on the date of execution hereof and ending one week after the end of the term of the sublease to the City set forth in Section 4 hereof,unless earlier ended as hereinafter provided (except in the case of a default by the City as specified in Section 13 hereof). At the end of the term of this Ground Lease or upon any earlier termination thereof, or upon the payment or provision therefor of all sums due under any security instruments filed with the City pursuant to Section 15 hereof, the Project and any other assets of the Corporation relating thereto and then remaining, shall be distributed to the City. The City agrees that in such event it will accept such distribution of assets. The City may require the discharge of any security instruments of the Corporation filed pursuant to Section 15 hereof at any time if the City provides the Corporation with the necessary r:± funds therefor, subject however, to the terms of such security instruments. Section 2. Construction of Facilities The City shall forthwith upon execution hereof deliver to the Corporation possession of the Site and said plans and specifications. The Corporation,unless it has heretofore done so,shall proceed diligently to let a contract or contracts for the construction of the Facilities by a contractor or contractors licensed under the laws of the State of California, all work, construction and materials to be in accordance with said plans and specifications. The Corporation shall let such contract or contracts by open competitive bidding, the Procedure therefor being in accordance with the general laws relating to the bidding on 1 ram... 4�.i� contracts for public works. Construction of the Facilities shall be completed within two and one half years of the date of execution hereof; provided, however,that with the consent of the City such completion date may be extended by not to exceed one additional year; and provided further that such completion date shall be extended for whatever further period (but in no event to a date later than three years from the date of execution hereof), that the Corporation (or any contractor or contractors employed by the Corporation) is delayed by: (1) acts or omissions of the City or of any employee or agent of the City acting in the course and scope of his employment, including changes ordered in the work; or (2) any act of God which the Corporation could not reasonably have foreseen and provided for; or (3) any strikes, boycotts, or like obstructive actions by employee or labor organizations which are beyond the control of the Corporation and which the Corporation cannot overcome with reasonable effort and could not reasonably have foreseen and provided for; or (4) any war or declaration of a state of national emergency; or (5) the imposition by government action or authority of restrictions upon the procurement of labor or materials necessary for completion. If upon the date of execution of this Lease and Sublease there is any litigation pending relating to the validity of this Lease and Sublease, or the financing of the Facilities, or if any such litigation is commenced prior to the letting of any contract for the construction of the Facilities,the Corporation shall have no obligation to let such construction contract until such litigation is finally terminated favorably to the validity of this Lease and Sublease or the proposed financing. In the event that such litigation remains pending for more than six (6) months, the Corporation may, if no bonds of the Corporation are outstanding,terminate this Lease and Sublease by delivering written notice of such termination to the City and surrendering the Site to the City. Thereafter both the Corporation and the City shall be relieved of all obligations under this Lease and Sublease. Section 3. Plans, Specifications and Architect The City has entered into agreements with Kurt Meyer & Associates, Honnold, Reibsamen & Rex (hereinafter referred to as the "Architects") for architectural services in connection with the Facilities including preparation of the plans and specifications above referred to. The Corporation shall use said plans and specifications and the services of the Architects in the performance of the work of constructing the Facilities covered by agreement, including, without limita- tion, the Architect's supervision services. The Corporation shall pay the Architects for their services. The City shall provide all inspection services and testing of materials required for said construction including consultants, as necessary. Section 4. Sublease to City—MaAmum Term The Corporation hereby subleases to the City and the City hereby accepts and rents from the Corporation the Site as improved by the construction of the Facilities. The term of sublease shall commence when the Facilities are substantially completed and available for occupancy and written notice thereof has been served on the City, but in no event later than five years from the date of execution hereof plus any extension of completion date provided under Section 2 hereof. The term of the sublease to the City shall end on the earlier of (i) thirty (30) years after commencement of said term of sublease or (ii) upon the payment of all principal, interest and premiums, if any, or other sums so that any and all security devices and instruments filed with the City pursuant to Section 15 hereof have been discharged. Section 5. Rental For the period commencing on the date on which the City shall be served with written notice that the Facilities have been substantially completed and are ready for occupancy and the City has accepted said Facilities the City agrees to pay for the use of the premises during each fiscal year rent at the rate Of $854,900 per year ("base rent"). In the event that the liability of the City for rent at said annual rate does not commence on the first day of the City's fiscal year (July 1), the rent to be paid for the remaining portion of the fiscal year in which such liability commences shall be prorated and shall be Paid within thirty days following commencement of such liability, but in no event later than the next 2 succeeding June 30. During the remainder of the term of the sublease to the City said rental shall be paid on or before July 31 in each fiscal year for the use of the premises during said fiscal year. In addition, and as part of the rent, during the term of the sublease to the City, the City agrees to pay an amount equivalent to the following: (1) all taxes and assessments of any nature whatsoever, including, but not limited to, excise taxes, ad valorem taxes, ad valorem and specific lien special assessments and gross receipts taxes, if any, levied upon the Site or upon the Facilities or upon the Corporation's interest therein, or upon the rental income derived therefrom, except State and Federal income taxes; and (2) insurance premiums (as hereinafter provided); and (3) all administrative costs of the Corporation, including, without limiting the generality of the foregoing, wages, expenses, compensation and indemnification of the Trustee under the indenture referred to in Section 15 hereof, fees and charges of auditors, accountants, architects, engineers and attorneys, and all other necessary administrative costs of the Corporation or charges required to be paid by the Corporation in order to comply with the terms of the bonds or said indenture and to defend the Corporation and its members and directors; and (4) all costs and expenses which the Corporation may incur in consequence of or because of any default by the City under this Lease and Sublease, including reasonable attorneys' fees and costs of suit or action at law to enforce the terms and conditions of this Lease and Sublease, said payments to be made within sixty (60) days after the City has been furnished receipted bills or cancelled checks showing payment by the Corporation. In the event this Lease and Sublease expires or is terminated, or in the event the Facilities become untenantable, such taxes and special assessments (except taxes and special assessments on land or on an interest in land) and insurance premiums shall be prorated as herein provided and any unused portions shall be refunded to the City. Insurance premiums shall be prorated upon the basis of the period of time for which each such premium is paid. Taxes and ad valorem special assessments shall be prorated upon the basis of the fiscal year for which they were levied. Specific lien assessments shall be prorated upon the basis of the period of time that bonds would run in the event the property were in private ownership and the assessments had not been paid in cash. There shall be credited against the base rent and additional rent due hereunder any amount of money available for such credit pursuant to the terms of any security instruments filed with the City Pursuant to Section 15 hereof. The City hereby covenants to take such action as may be necessary to include and maintain all rental payments due hereunder in each fiscal vear in its budget for such fiscal year, and further covenants to make the necessary appropriations for all such rental payments. Such covenants shall be deemed and construed to impose ministerial duties by law and it shall be the duty of each and every public official of the City to take such action and do such things as are required by law in the performance Of such duty to enable the City to carry out and perform said covenants. Any installment of rent accruing under this Section which shall not be paid when due shall bear interest at the rate of 7% per annum from the date when the same is due hereunder until the same shall be paid. Notwithstanding any dispute between the Corporation and the City hereunder, the City shall make all rental payments when due and shall not withhold any rental payments pending the final resolution of such dispute. In the event of a determination that the City was not liable for said rental Payments or any portion thereof, said payments or excess of payments as the case may be shall be credited against subsequent rental payments due hereunder. The sublease provided for herein shall be deemed and construed to be a "net-net" sublease, and the City agrees that the rents provided for herein shall be an absolute net return to the Corporation, free and clear of any expenses, charges or set-offs whatsoever. 3 :n 1 Section 6. Insurance The Corporation shall, during the term of this Lease and Sublease, secure a policy or policies of insurance, from reputable insurance companies, against loss or damage to the Facilities, resulting from fire, lightning, vandalism, malicious mischief, and such perils ordinarily defined as "extended coverage" and such other perils as the Corporation and the City may agree should be insured against on forms and in amounts satisfactory to each. The City shall be named as an additional insured under such policies of insurance. Nothing herein shall be construed to require the Corporation to carry insurance with respect to equipment or fixtures not provided by the Corporation pursuant to said plans and specifications. During the term of this Lease and Sublease the Corporation shall provide and keep in force public liability and property damage policies protecting both the Corporation and the City on forms and in amounts satisfactory to each. The Corporation may also carry such other insurance as is required by the indenture or other security instrument referred to in Section 15 hereof. All premiums and charges for the aforesaid insurance shall be paid by the City in accordance with the provisions of Section 5, provided that the City's obligation in any fiscal year to make such payment shall be limited to payment for insurance applicable to said fiscal year. Section 7. Changes in Plans and Specifications No changes shall be made in the plans and specifications as approved by the City unless such changes are approved in writing by the City and the Corporation. Such joint approval shall be made under such procedure as both parties shall establish and shall not change the rental payments as herein provided unless a supplemental agreement is entered into providing for such a change. Section 8. Changes after Completion The City shall not make any changes or alterations in the Facilities and shall not make any additions thereto except with the written consent of the Corporation and upon such terms as may then be agreed upon. This shall not prevent the City, without obtaining the Corporation's consent, from temporarily affixing personal property to the Facilities, provided the City shall repair any damage thereto when such property is removed. Section 9. Title to Property Title to the Site shall remain in the City, subject to the terms and conditions of this Lease and Sub- lease. Title to the Facilities, all structural additions thereto, and all fixtures, equipment and apparatus Placed therein by the Corporation shall remain in the Corporation during the term of this Lease and Sublease and shall vest in the City at the end of the term of the Lease. Title to all personal property and fixtures placed in the Facilities by the City shall remain in the City. Section 10. Utilities Management, Operation and Maintenance The City shall furnish, or cause to be furnished, to the extent permitted by law, in conjunction with its right hereunder to occupy and use the Facilities, the source of all sewer, water, power, gas, telephone and other utility services to the point of connection thereof as shown by said plans and specifications. As long as the City is in possession of the Facilities it shall keep them free and clear of all liens, charges and encumbrances (except any arising through the Corporation) and shall maintain the same in good repair and working order and shall have the responsibility for all management, operation, maintenance and repair of the Facilities, including without limitation, security service, janitor service, groundskeeping, power, gas, telephone, light, heating, air conditioning, water and .all other untility services. The City in its discretion may discharge such responsibility by: (1) using its own employees, 4 w; (2) contracting for services; or (3) subleasing all or part of the Facilities; or (4) any combination of said methods. No such contract or sublease shall place a greater burden on the Corporation than provided herein, nor infringe rights granted to or retained by the Corporation hereunder, nor violate or in any way impair the Corporation's obligations under the indenture or other instrument, if any, securing or declaring the terms of any debt or borrowings by the Corporation, all or substantially all of the proceeds of which are to be used to finance the Facilities. The Corporation does not agree to provide anything more than the Facilities as herein defined. Section 11. Damage by Fire, Earthquake, Etc. It is expressly understood and agreed that the rental hereunder shall become due only in considera- tion of the right to occupy and use the Facilities and, except as herein provided, it is the responsibility of the Corporation to provide such right at all times during the period for which the rental involved is paid. In the event of destruction or damage of the Facilities by fire or earthquake or other casualty or event so that they become wholly or partly unusable the Corporation at its option may do either of the following: (1) Rebuild and repair the Facilities so that they shall be restored to use, in which case this Lease and Sublease shall remain in full force and effect; or (2) Declare this Lease and Sublease terminated and use the money collected from insurance against destruction of or damage to the Facilities to the extent necessary to retire any outstanding securities or any debts or liabilities which the Corporation may have; provided, however, that if the Facilities can be repaired or rebuilt, and if the Corporation shall have sufficient funds from the proceeds of insurance or otherwise, for the necessary repairing or rebuilding, the Corporation shall not proceed under this option without the City's consent. During such time as the Facilities are unusable rent shall cease and no further rental payments shall accrue until the Facilities are again ready for occupancy and rental payments already made, if any, shall be equitably adjusted. In the event of partial damage or destruction, rental payments, including whose already made, if any, shall be abated or adjusted in a manner so as to reflect the fair rental value of the usable portion of the Facilities remaining. Section 12. Condemnation In the event the Site and the Facilities, or so much thereof as to render the same unusable for the purposes intended, shall be permanently taken under the power of eminent domain or sold to any governmental agency threatening to exercise such power, the City shall receive that portion of the condemnation award or sale proceeds attributable to the taking or sale of the Site, the Corporation shall receive that portion of the condemnation award or sale proceeds attributable to the taking or sale of the Facilities, and this Lease and Sublease shall terminate as of the date title to the Site and the Facilities passes to the agency exercising the power of eminent domain or purchasing such Site and Facilities; provided that rent shall be abated in the same manner provided in the last paragraph of Section 11 hereof from and after the date the agency exercising or threatening to exercise such power takes possession of the Site and Facilities. In the event the Site and the Facilities, or a portion thereof, shall be temporarily taken under the Power of eminent domain, the City shall receive that portion of the condemnation award attributable to the taking of the Site,the Corporation shall receive that portion of the condemnation award attributable to the taking of the Facilities, and this Lease and Sublease shall not terminate; provided that rent shall be abated in the same manner provided in the last paragraph of Section 11 hereof during the period the agency exercising the power of eminent domain is in possession of the Site and the Facilities, or a portion thereof. In the event that less than all of the Site and the Facilities shall be taken under the power of eminent domes or sold to any governmental agency threatening to exercise such power and the remainder 5 I �r is usable for the purposes intended, this Lease and Sublease shall not terminate, but rental payments shall be partially abated or adjusted in the same manner provided in the last paragraph of Section 11 hereof, such partial abatement or adjustment to be effective from and after the date the agency exer- cising or threatening to exercise the power of eminent domain takes possession of the Site and the Facilities. If the condemnation award is or sale proceeds are sufficient to repair and rebuild the Facilities and the City gives its consent, the Corporation shall receive the entire condemnation award or sale proceeds, and shall repair and rebuild the Facilities in such manner as the City may direct. Any balance of the condemnation award or sale proceeds remaining after the Facilities have been repaired and rebuilt shall first be used to pay the City an amount not exceeding that portion of the condemnation award or sale proceeds attributable to the Site, and any remaining balance shall be retained by the Corporation. If the condemnation award is or sale proceeds are insufficient to repair and rebuild the Facilities or if the City refuses to give its consent, the City shall receive that portion of the condemnation award or sale proceeds attributable to the taking or sale of the Site and the Corporation shall receive that portion of the condemnation award or sale proceeds attributable to the taking or sale of the Facilities. The proceeds of any condemnation award or sale received or retained by the Corporation shall be used to pay amounts due under any security instruments executed by the Corporation pursuant to Section 15 hereof. Section 13. Default by City If (a) the City shall fail to pay any rental payable hereunder within fifteen (15) days from the date such rental is payable, or (b) the City shall fail to keep any other terms, covenants or conditions herein for a period of twenty-five (25) days after written notice thereof from the Corporation to the City or (c) the City shall abandon or vacate the premises, or (d) the City's interest in this Lease and Sublease or any part thereof shall be assigned or transferred without the written consent of the Corporation, either voluntarily or by operation of law, then in anv of such events the City shall be deemed to be in default hereunder. If the City should, after notice, fail to remedv anv default with all reasonable dispatch,not exceeding thirty (30) days, then the Corporation shall have the right, at its option, without any further demand or notice (i) to terminate the sublease without terminating the Ground Lease and to re-enter the premises and eiect all parties in possession therefrom. or (ii )to re-enter the premises and eject all parties there- from, and without terminating the sublease relet the premises, or any part thereof, as the agent and for the account of the City, upon such terms and conditions as the Corporation may deem advisable, in which event the rents received on such reletting shall be applied first to the expenses of reletting and collection, including necessary renovation and alteration of the premises, reasonable attorneys' fees, and any real estate commissions actually paid, and thereafter toward payment of all sums due or to become due to the Corporation hereunder, and if a sufficient sum shall not be thus realized to pay such stIms and other charges, the Citv shall pav the Corporation any deficiency. The foregoing remedies of the Corporation are in addition to and not exclusive of anv other remedy of the Corporation, including, but not limited to, the right to recover rent as it becomes due pursuant to Section 5 hereof, without terminating this Lease and Sublease or the City's right to possession of the facilities. Any such re-entry shall be allowed by the Citv without let or hindrance, and the Corporation shall not be liable in damages for any such re-entry or be guilty of trespass. The Corporation and the City consider the foregoing remedies to be essential to the validity of this Lease and Sublease and intend that by virtue of Section 1952.6 of the Civil Code the provisions of Sections 1951 to 1952.2, inclusive, of said code shall not be applicable to this Lease and Sublease. Section 14. Arbitration All controversies arising out of the interpretation or application of this Lease and Sublease or the refusal of either party to perform the whole or any part thereof may, if both parties then elect, be settled 6 h� r e by arbitration in accordance with the provisions of this Section. In such event, the controversy shall be submitted to one arbitrator agreeable to both parties or to a board of three (3) arbitrators which shall be appointed, one by the Corporation, one by the City, and the third by the first two (2) appointees. The party desiring arbitration shall notify the other party by a written notice stating the following,: (1) that it desires arbitration; (2) the controversy to be arbitrated; (3) that it has appointed its nominee; and (4) that it requests the other party to appoint its nominee. If the other party accedes to arbitration, it shall, within thirty (30) days from the receipt of said notice, so notify the noticing party and appoint its nominee. If both cannot agree on one arbitrator, then, within fifteen (15) days after the last party has appointed its nominee, the two (2) nominees shall appoint the third. The arbitrator or arbitrators shall be disinterested (that is, without limiting the generality of the term "disinterested", shall not be an officer, or employee of, or have contractual or other relations with either party). The arbitrator or arbitration board shall hold at least one hearing and at least 10 days before said hearing shall give each party written notice thereof. The arbitration shall be restricted to matters that are stated in the notice requesting arbitration. The arbitrator or arbitration board shall have no authority to add to or subtract from this Lease and Sublease. Each party shall be given an opportunity to be heard and to present evidence. Upon conclusion of the hearing or hearings the arbitrator or arbitration board shall reduce their findings of fact, conclusions of law and award to writing, and shall sign the same and deliver one signed copy thereof to each party. Such award shall be final and binding upon both parties. If there is an arbitration board, a majority finding shall govern if the arbitrators' determina- tion is not unanimous. The City shall pay all expenses of the arbitration proceedings. The award or decision of the arbitrator or arbitrators may be entered as a judgment in any court having jurisdiction so to do. Except as otherwise provided herein, such arbitration shall be conducted in accordance with the rules of the American Arbitration Association then in force. Section 15. Mortgage of Leasehold Except as otherwise provided herein, the Corporation shall not assign or transfer the performance of its duties and obligations hereunder without the consent of the City. The Corporation shall finance the construction of the Facilities by the sale and issuance of its leasehold mortgage bonds to the extent permitted by law. The Corporation may, without the consent of the City, give, assign, transfer, mortgage, hypothecate or encumber the Corporation's interest under this Lease and Sublease (including the right to receive rental payments) to any bona fide lender or lenders (including purchasers or holders of notes, bonds or other obligations of the Corporation) on the security of the leasehold estate, and the Corporation may elecute any and all instruments necessary therefor, including, without limitation, instruments providing for the paying of rent directly to a trustee for such lender or lenders. Anv such lender or lenders may be granted the right, prior to termination of this Lease and Sublease: (a) To do any act or thing required of the Corporation in order to prevent a forfeiture of the Corporation's rights hereunder, and all such acts or things so done shall be as effective to prevent a forfeiture of the Corporation's rights hereunder as if done by the Corporation; (b) To realize on the security of the leasehold estate and to acquire and succeed to the interest of the Corporation hereunder by foreclosure or by a deed or assignment in lieu of fore- closure, and thereafter at such lender's option to convey or assign the interest in or title to said leasehold estate to any other person subject to all the terms, conditions and covenants of this Lease and Sublease. TWo copies of all security instruments shall be filed with the City two (2) weeks prior to the effective date thereof, and men� there the Corporation shall give the City prior written notice of any changes or amend- 7 a hx. Section 16. Default by the Corporation If a) the Corporation shall fail to construct the Facilities in accordance with the provisions of this Lease and Sublease, or b) the Corporation shall fail to keep any other terms, covenants or conditions herein for a period of twenty five (25) days after written notice thereof from the City to the Corporation, or c) the Corporation's interest in this Lease and Sublease or any part thereof shall be assigned or transferred without the written consent of the City, except as permitted under Section 15 hereof either voluntarily or by operation of law, then in any of such events the Corporation shall be deemed to be in default hereunder. If the Corporation should, after notice, fail to remedy any default with all reasonable dispatch, not exceeding thirty (30) days, then the City shall have the right, at its option, to terminate this Lease and Sublease by delivering written notice of such termination to the Corporation, and thereafter the City shall be relieved of all obligations hereunder. Section 17. Access to Premises The Corporation and its designees shall have the right to enter the premises during reasonable business hours (and in emergencies at all times) (i) to inspect the same and (ii) for purposes connected with the Corporation's rights or obligations hereunder. Section 18. Notices Any notices or filings required to be given or made under this Lease and Sublease shall be served or made in the following manner: upon the City by serving the City Clerk personally or by registered mail addressed to the City Clerk, City of Huntington Beach, City Hall, Huntington Beach, California. or such other place as may hereafter be designated in writing by the City, and upon the Corporation by registered mail addressed to the Corporation at such place as the Corporation shall hereafter designate in writing. Section 19. Judgments The City shall pay all judgments (including costs of suit and attorney fees) rendered against any director, officer or member of the Corporation arising out of a claim by any person, firm or corporation alleging liability against such director, officer or member for actions or omissions to act, provided such actions or omissions to act occurred within the scope of his duties as a director, officer or member of the Corporation; however, the City shall not be liable to pay additional sums on account of judgments rendered against any director, officer or member for acts or omissions constituting bad faith, wilful mis- feasance, gross negligence or reckless disregard for duties. Section 20. Section Headings, Severability The paragraph headings contained herein are for convenience and reference and are not intended to define or limit the scope of any provision of this Lease and Sublease. If any section, subsection, sentence, clause or phrase of this Lease and Sublease, or the application thereof to either party or any other person or circumstance (except the provisions of Section 13 hereof relating to remedies of the Corporation in the event of default by the City), is for any reason held invalid, it shall be deemed severable and the validity of the remainder of the Lease and Sublease or the application of such provision to the other party or to any person or circumstance shall not be affected thereby. 8 IN WITNESS WHEREOF, the Corporation has caused this Lease and Sublease to be executed by its duly authorized officers and the City has caused this Lease and Sublease to be executed by the Mayor of said City and attested by the City Clerk thereof, as of the day and year first above written. HUNTINGTON BEACH PUBLIC FACIIdTIFS CORPORATION By LARRY L. CURRAN President By DARRELL E. WARD Secretary (Seal) CITY OF HUN 1NGTON BEACH Attest: By GEORGE C. McCRACKEN Mayor PAUL C. JONES City Clerk (Seal) Approved as to Form: DON P. BONFA City Attorney of the City of Huntington Beach 9 4 -: STATE OF CALIFORNIA 1 '= } SS. COUNTY OF ORANGE J On this 14th day of January, 1972, before me, the undersigned, a Notary Public in and for said _{ State, personally appeared GEORGE C. MCCRACKEN, known to me to be the Mayor, and PAUL C. JONES, known to me to be the City Clerk, of the City of Huntington Beach, California, one of the corporations that executed the within instrument, known to me to be the persons who executed the within instrument on behalf of such corporation, and acknowledged to me that such corporation executed the within :.# instrument pursuant to a resolution of its City Council. t WrrNEss my hand and official seal. 4 (SEAL) FLOYD G. BELSITO OFFICIAL SEAL 5, FLOYD G. BELSITO Notary Public in and for the NOTARY PUBLIC•CALIFORNIA PRINCIPAL OFFICE IN State Of California ORANGE COUNTY My Commission Expires March 10, 1974 STATE OF CALIFORNIA SS. COUNTY OF ORANGE On this 4 3th day of January, 1972, before me, the undersigned, a Notary Public in and for said State, personally appeared LARRY L. CURRAN, known to me to be the President, and DARRELL E. WARD, known to me to be the Secretary, of the HUNTINGTON BEACH PUBLIC FACILITIES CORPORATION, one of the corporations that executed the within instrument, known to me to be the persons who executed the within instrument on behalf of such corporation, and acknowledged to me that such corporation executed the within instrument pursuant to a resolution of its board of directors. WrrNESS my hand and official seal. (SEAL) FLOYD G. BELSITO t OFFICIAL SEAL FLOYD G. BELSITO Notary Public in and for the NOTARY PUBLIC-CALIFORNIA PRINCIPAL OFFICE IN State of California ORANGE COUNTY My Commission Expires March 10, 1974 - f i 10 IL EXHIBIT A That portion of the southwest one-quarter of Section 2 Township 6 South, Range 11 West, San Bernardino Base and Meridian, in the City of Huntington Beach, County of Orange, State of California, described as follows: Beginning at the centerline intersection of Main Street, 120.00 feet in width as now laid out, with the centerline of Seventeenth Street, 70.00 feet in width as now laid out, as shown on a map of Tract No. 12 recorded in Book 9 Page 13 of Miscellaneous Maps, Records of said County; thence F north 206.14 feet along the centerline of said Main Street to a point; thence east 60.00 feet to a point on the east line of said Main Street, said point being the true point of beginning; thence north 1158.31 feet along said east line to a point on a tangent curve, concave to the southeast having a radius of 32.00 feet; thence northeasterly along said curve thru a central angle of 90' 00' 00" an arc distance of 50.27 feet to a point on a tangent line, said line being the northline of said Tract No. 12, said line also being the southline of Mansion Avenue as described in a deed recorded in Book 294 Page 390 of Deeds, Records of said County; thence east 503.30 feet along said line to an angle point in the line; thence south 48° 41' east 439.84 feet along said northline of Tract No. 12 and said southline of Mansion Avenue to a point on the northwesterly line of the before mentioned Seventeenth Street; thence south 411 19' west 1226.32 feet along said north- westerly line to a point on a tangent curve concave to the northeast having a radius of 32.00 feet; thence westerly along said curve thru a central angle of 138° 41' 00" an arc distance of 77.46 feet to the true point of beginning. 11 a 4 x