Resolution 2001-03
RESOLUTION NO. 2001-3
A RESOLUTION APPROVING THE ISSUANCE OF TAX-EXEMPT
OBLIGATIONS BY THE CALIFORNIA STATEWIDE COMMUNITIES
DEVELOPMENT AUTHORITY
Local Government
Participant:
Issuer:
Borrower:
Equipment:
Maximum
Principal Amount:
Public Hearing Date:
City of Gilroy, California
California Statewide Communities Development Authority
California Shock Trauma Air Rescue, d/b/a CALST AR or an affiliate
Air rescue helicopters, other air rescue equipment and related property
$2,275,000
January 16, 2001
WHEREAS, the Borrower has requested that the Issuer issue its notes, bonds or any other
evidence of indebtedness (the "Obligations") in an aggregate principal amount not expected to exceed
the Maximum Principal Amount for the purpose of providing funds for the financing of the Equipment
and related costs located or to be located in the jurisdiction of the Local Government Participant; and
WHEREAS, the Issuer has requested that the governing body of the Local Government
Participant approve the issuance of the Obligations and the Equipment in order to satisfy the public
approval requirement of Section l47(t) 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 I, 1988, among certain local agencies, including the Local
GovernmentPartic~ant;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 issuance of the Obligations and
the Equipment; and
WHEREAS, it is intended that this resolution shall constitute the approval of the issuance of
the Obligations and the Equipment required by Section 147(t) of the Code, Section 9 of the Joint Powers
Agreement and Section 9I530(t) of the Government Code of the State of California;
NOW, THEREFORE, BE IT RESOLVED, by the governing body of the Local Government
Participant, that the issuance of the Obligations and the Equ~ment are hereby approved for the purposes
of Section I47(t) of the Code and Section 9 of the Joint Powers Agreement.
RESOLVED FURTHER, 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.
RESOLUTION NO. 2001-3
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PASSED AND ADOPTED this 16th day ofJanuary, 2001, by the following vote:
AYES:
COUNCILMEMBERS: G. ARELLANO, P. ARELLANO, MORALES,
PINHEIRO, SPRINGER
NOES:
COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: SUDOL, VELASCO
APPROVED:
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Rhonda Pellin, City Clerk
RESOLUTION NO. 2001-3
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(Seal)
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I, RHONDA PELLIN, City Clerk of the City of Gilroy, do hereby certify that the attached
Resolution No. 2001-3 is an original resolution, duly adopted by the Council of the City of Gilroy
at a regular meeting of said Council held on the 16th day ofJanuary, 2001, at which meeting a
quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of Gilroy this 24th day ofJanuary, 2001.