HomeMy WebLinkAboutRES NO 132-07
RESOLUTION No.
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RESOLUTION APPROVING THE ISSUANCE OF THE CALIFORNIA
STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY INSURED
REVENUE BONDS (NATIONAL HEALTH SERVICES, INC.) FOR THE
PURPOSE OF FINANCING AND REFINANCING THE ACQUISITION,
CONSTRUCTION, RENOVATION, IMPROVEMENT AND EQUIPPING OF
CERTAIN MEDICAL AND HEALTH RELATED FACILITIES AND
CERTAIN OTHER MATTERS RELATING THERETO.
WHEREAS, National Health Services, Inc., a California nonprofit public benefit
corporation (the "Corporation"), has requested that the California Statewide
Communities Development Authority (the "Authority") participate in the issuance of one
or more series of revenue bonds in an aggregate principal amount not to exceed
$20,000,000 (the "Bonds") for the acquisition, construction, renovation, improvement
and equipping of certain medical and health related facilities (the "Facilities") to be
owned and operated by the Corporation and located within the City of Bakersfield
("City"); and
WHEREAS, pursuant to Section 147(f) of the Internal Revenue Code of 1986
(the "Code"), the issuance of the Bonds by the Authority must be approved by the City
because the Facilities are located within the territorial limits of the City; and
WHEREAS, the City Council of the City (the "City Council") is the elected
legislative body of the City and is one of the applicable elected representatives required
to approve the issuance of the Bonds under Section 147(f) of the Code; and
WHEREAS, the Authority has requested that the City Council approve the
issuance of the Bonds by the Authority in order to satisfy the public approval
requirement of Section 147(f) of the Code and the requirements of Section 9 of the
Amended and Restated Joint Exercise of Powers Agreement, dated as of June 1, 1988
(the "Agreement"), among certain local agencies, including the City;
WHEREAS, pursuant to Section 147(f) of the Code, the City Council has,
following notice duly given, held a public hearing regarding the issuance of the Bonds,
and now desires to approve the issuance of the Bonds by the Authority;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Bakersfield as follows:
Section 1. The City Council hereby approves the issuance of the Bonds
by the Authority. It is the purpose and intent of the City Council that this resolution
constitute approval of the issuance of the Bonds by the Authority, for the purposes of (a)
Section 147(f) of the Code by the applicable elected representative of the issuer of the
Bonds and the governmental unit having jurisdiction over the area in which the Facilities
are located, in accordance with said Section 147(f) and (b) Section 9 of the Agreement.
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Section 2. The officers of the City are hereby authorized and directed,
jointly and severally, to do any and all things and to execute and deliver any and all
documents which they deem necessary or advisable in order to carry out, give effect to
and comply with the terms and intent of this resolution and the financing transaction
approved hereby.
Section 3. This resolution shall take effect immediately upon its adoption.
Section 4. The City Clerk shall certify to the adoption of this Resolution.
I HEREBY CERTIFY that the foregoing Resolution was passed and adopted by
the Council of the City of Bakersfield at a regular meeting thereof held on
JUN 2 0 2001 by the following vote:
cAYE9:
'i1cr(S:
ABSTAIN:
ABSENT:
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COUNCILMEMBER CARSON, BENHAM, COUCH, HANSON, SULLIVAN, SCRIVNER, WEIR
COUNCILMEMBER
COUNCILMEMBER
COUNCILMEMBER
APPROVED
JUN 2 0 2007
PA~T!ifJ r
CITY CLERK and Ex Officio Clerk of the
Council of the City of Bakersfield
HARVEY L. HALL
MAYOR of the City of Bakersfield
APPROVED as to form:
VIRGINIA GENNARO
City Attorney
By:
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