Resolution No. 3930RESOLUTION NO. 3930
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CYPRESS, CALIFORNIA, APPOINTING CERTAIN
CONSULTANTS FOR THE PROPOSED REFINANCING OF
THE CIVIC CENTER AND THE FINANCING OF THE
SENIOR CITIZEN CENTER.
WHEREAS, the City of Cypress, Orange County
California (the "City') proposes to issue bonds to refinance
the Cypress Civic Center in order to finance the
construction of a senior citizen center and to repay certain
other debts of the Redevelopment Agency of the City of
Cypress (the 'Project ) and has considered the advisability
and necessity of entering into such financing and
WHEREAS, the City has determined that it is in the
best interests and common benefit of the residents and the
landowners of the City that the Project be accomplished
through the use of tax-exempt financing and will need
certain consultants to accomplish the processing of
documentation and conduct of proceedings
NOW THEREFORE, BE IT RESOLVED, by the City Council
of the City of Cypress California as follows
Section 1. The law firm of Burke Williams
Sorensen & Gaar is hereby appointed as bond counsel to the
City in connection with the Project and the issuance of
bonds related thereto The Mayor and the City Clerk are
hereby authorized to execute attest and deliver an
agreement with said firm for services in connection with the
Project and said bonds the fees of said firm to be payable
from the proceeds of such financing
Section 2. The firm of Seidler -Fitzgerald Public
Finance is hereby appointed as financial advisor to the City
in connection with the Project and the issuance of bonds
related thereto The Mayor and the City Clerk are hereby
authorized to execute attest and deliver an agreement with
said firm for services in connection with the Project and
said bonds
Section 3. This Resolution shall become effective
immediately upon its adoption
PASSED AND ADOPTED by the City Council of the City
of Cypress California at a regular meeting held on the
22nd day of April 1991
ATTEST
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CITY /C‘
G�
MAYOR OF THE 'CITY OF CYPRESS
OF THE CIa'Y OF CYPRESS
2ti
STATE OF CALIFORNIA ) SS
COUNTY OF ORANGE )
I, DARRELL ESSEX, City Clerk of the City of
Cypress, DO HEREBY CERTIFY that the foregoing Resolution
was duly adopted at a regular meeting of the said City
Council held on the 22nd day of April 1991 by the
following roll call vote
AYES 5 COUNCIL MEMBERS Age, Kerry, Nicholson,
Partin and Bowman
NOES 0 COUNCIL MEMBERS None
ABSENT 0 COUNCIL MEMBERS None
f 1
CIT LERK OF THE ITY OF CYPRESS