Resolution 1999-67
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RESOLUTION NO. 99-67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GILROY APPROVING OBLIGATIONS TO BE UNDERTAKEN
BY THE CALIFORNIA STATEWIDE COMMUNITIES
DEVELOPMENT AUTHORITY TO BENEFIT CALIFORNIA
SHOCK TRAUMA AIR RESCUE
Local Government Participant: City of Gilroy, California
Authority: California Statewide Communities Development Authority
Institution: California Shock Trauma Air Rescue, d/b/a CALST AR or an affiliate
Project: Air rescue helicopters, other air rescue equipment and related property
Maximum Principal Amount: $3,000,000
Public Hearing Date: August 2, 1999
WHEREAS, the Institution has requested that the Authority enter into an Installment
Purchase Agreement for the purpose of providing funds for the financing and refinancing of the
Project and related costs located or to be located in the jurisdiction of the Local Government
Participant; and
WHEREAS, under the Installment Purchase Agreement the Authority will agree to make,
but solely from the Institution Purchase Payments and other sources mentioned in the Installment
Purchase Agreement, Installment Payments of principal premium, if any, and interest in a principal
amount not exceeding the Maximum Principal Amount and the Institution will agree to make
Institution Purchase Payments in amounts equal to the Installment Payments; and
WHEREAS, the Authority has requested that the governing body of the Local
Government Participant approve the execution and delivery of the Installment Purchase
Agreement and the Project in order to satisfy the public approval requirement of Section 147(f) of
the Internal Revenue Code of 1986, as amended (the "Code"), and the requirements of Section 9
of the Amended and Restated Joint Exercise of Powers Agreement (the "Joint Powers
Agreement"), dated as of June 1, 1988, among certain local agencies, including the Local
Government Participant; and
WHEREAS, the Local Government Participant held a public hearing on the Public
Hearing Date providing a reasonable opportunity for persons to comment on the execution and
delivery of the Installment Purchase Agreement and the Project; and
WHEREAS, it is intended that this resolution shall constitute the approval of the
execution and delivery ofthe Installment Purchase Agreement and the Project required by Section
147(f) of the Code, Section 9 of the Joint Powers Agreement and Section 91530(f) of the
Government Code of the State of California.
RESOLUTION NO. 99-67
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NOW, THEREFORE, BE IT RESOLVED, by the governing body of the Local
Government Participant, that the execution and delivery of the Installment Purchase Agreement
and the Project are hereby approved for the purposes of Section 147(f) of the Code and Section 9
ofthe Joint Powers Agreement;
BE IT FURTHER RESOLVED, that the Clerk of the Local Government Participant shall
certify the adoption of this resolution, and thenceforth and thereafter the same shall be in full force
and effect.
PASSED AND ADOPTED this 2nd day of August, 1999 by the following vote:
AYES:
COUNCILMEMBERS: ARELLANO, GIFFORD, MORALES,
ROWLISON, SPRINGER, SUDOL, GILROY
NOES:
COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
APPROVED:
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ATTEST 2
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Rhonda Pellin, -City Clerk
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RESOLUTION NO. 99-67
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I, RHONDA PELLIN, City Clerk of the City of Gilroy, do hereby certify that the attached
Resolution No. 99-67 is an original resolution, duly adopted by the Council of the City of Gilroy
at a regular meeting of said Council held on the 2nd day of August, 1999, at which meeting a
quorum was present.
IN WITNESS WHEREOF, 1 have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 3rd day of August, 1999.
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City Clerk of the-City of Gilroy
(Seal)
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