HomeMy WebLinkAboutAGENDA REPORT 1994 1116 CC SPC ITEM 04B A) ,,,t) i t t� // , c9a,
ITEM 6 8:1
City of Moorpark
Agenda Report
To: The Honorable City Council
From: Richard Hare, Deputy City Ma, . •i- *
Date: November 15, 1994 (Special Meeting 11/16/94)
Subject: Resolution 94 of the City of Moorpark Authorizing
the Execution and Delivery of an Asset Purchase
Agreement, Redemption of all of its Outstanding Single
Family Residential Mortgage Revenue Bonds, Issue of 1985
(The "Bonds") , Approving a Supplemental Indenture, and
Delivery of all Necessary and Related Documents in
Connection with the Foregoing Actions
In order to proceed with the sale of loans associated with the
Single Family Residential Mortgage Revenue Bonds, Issue of 1985,
the City Council must authorize by resolution the execution of the
above referenced documents. By this resolution the City Manager as
the Administrative Officer of the City, or the Deputy City Manager
as the Finance Director and City Treasurer is authorized and
directed to review, execute and deliver the necessary documents for
the sale of the loans.
This resolution also appoints Mudge Rose Guthrie Alexander & Ferdon
as Special Counsel for the purposes of the preparation and
negotiation of the Purchase Agreement and the redemption of the
Bonds. Further, PAR Marketing, Inc. , is appointed as Financial
Advisor in connection with the negotiation of the Asset Purchase
Agreement and the redemption of the Bonds.
Recommendation (Roll Call Vote Required)
` .,
Approve Resolution 94 - as presented. � -ii Ms
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CT
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Attachments: Resolution 94- III/
Supplemental Indenture �— D .Z
Asset Purchase Agreement !
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