HomeMy WebLinkAboutResolution No. 3960 RESOLUTION NO. 3960
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING THE FORMATION AND DIRECTORS OF CITY OF DOWNEY
CIVIC CENTER CORPORATION AND AUTHORIZING PAYMENT OF EXPENSES
WHEREAS, City of Downey Civic Center Corporation, a California
nonprofit corporation (herein called the "Corporation "), is being
incorporated by a group of public- spirited citizens of the City of
Downey for the specific and primary purpose of providing financial
assistance to the City of Downey by financing the construction of
public buildingsand facilities; and
WHEREAS, it will be necessary for the Corporation to employ
architects, attorneys and consultants and to incur costs and expenses
in preparing the proceedings for the issuance of bonds to finance said
public buildings and facilities;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Downey, as follows:
1. All of the recitals herein contained are true and correct
and this Council so finds.
2. The Corporation and its formation are hereby approved and
the directors of the Corporation, namely, RICHARD H. MARKUSON,
GARY McCAUGHAN, MERLE F. MORRIS, R. DON SMITH, and WILLIAM R. WANAMAKER,
are hereby approved.
3. The City of Downey, having retained Hugh Gibbs and Donald
Gibbs, Architects, FAIA, as architects, Dean Witter Reynolds, Inc. as
financing consultants and Orrick, Herrington & Stucliffe, A Professional
Corporation, as special bond counsel in connection with the preparation
of proceedings for the financing of the public buildings and facilities,
hereby approves retention by the Corporation of Hugh Gibbs and Donald
Gibbs, Architects, FAIA, to serve as architects, Dean Witter Reynolds,
Inc. to serve as financing consultants, and Orrick, Herrington &
Sutcliffe, A Professional Corporation, to serve as special bond counsel
to the Corporation, in addition to providing similar services to the
City of Downey.
4. The Council hereby authorizes the payment by the City of
Downey of expenses incurred by the Corporation in connection with the
preparation of proceedings by bond counsel for the financing of the
public buildings and facilities in the event that the Corporation is
unable for any reason to issue bonds and to pay such costs and expenses
directly. Such costs and expenses shall include fees and expenses of
said bond counsel, filing fees and charges, the cost of printing the
legal documents and the bonds, and other costs and expenses necessarily
incurred by the Corporation.
PASSED AND ADOPTED this 13th day of May, 1981, by the following
vote:
AYES: 5 Council Members: Swearingen, Quinn, Cormack,
NOES: 0 Council Members:None Jackman, Mackaig
ABSENT OR
NOT VOTING:0 Council Members: None
ir
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Milton R. Mackaig, Mayor
ATTEST:
— i i .--;, -- -N /
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Ci £ y Clerk
RESOLUTION NO. 3960
CLERK'S CERTIFICATE
I, ROBERT L. SHAND, Clerk of the City of Downey, hereby certify
that the foregoing is a full, true and correct copy of a resolution duly
— adopted at a regular meeting of the City Council of said City duly and
regularly held at the regular meeting place thereof on the 13th day of
May, 1981, of which meeting all of the members of said Council had due
notice and at which a majority thereof was present; and that at said
meeting said resolution was adopted by the following vote:
AYES: 5 Council Members: Swearingen, Quinn, Cormack,
Jackman, Mackaig
NOES: 0 Council Members: None
ABSENT OR
NOT VOTING:O Council Members: None
I further certify that I have carefully compared the same with
the original minutes of said meeting on file and of record in my office;
that the foregoing resolution is a full, true and correct copy of the
original resolution adopted at said meeting and entered in said minutes;
and that said resolution has not been amended, modified or rescinded since
the date of its adoption, and the same is now in full force and effect.
WITNESS my hand and the seal of the City of Downey this 13th
day of May, 1981.
7 f � �
�._, � lam
i 1,/-)/X, Clerk of thd'Ci ty of Downey,
State of California
(Seal)