HomeMy WebLinkAbout66-31 - Civic Center - Approving Financing & ConstructionRESOLUTION N0. 66-31
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
APPROVING THE MEMBERS OF COSTA MESA CITY HALL & PUBLIC SAFETY
FACILITIES, INC., APPROVING FINANCING OF NEW CITY HALL, POLICE
ADMINISTRATION BUILDING AND FIRE STATION BY SAID CORPORATION,
AUTHORIZING EXECUTION OF A SITE LEASE AND A FACILITY LEASE
BELT TME CITY AND SAID CORPORATION, APPROVING FINANCING
ARRANGEME TS FOR BONDS OF SAID CORPORATION, ACCEPTING GIFT OF
BENEFICIAL INTEREST IN MEMBERSHIP CERTIFICATES OF SAID
CORPORATION, APPROVING THE PLANS AND SPECIFICATIONS OF NEW
CITY HALL, POLICE ADMINISTRATION BUILDING AND FIRE STATION,
AND APPROVING CONSTRUCTION AGREEKE T BETWEEN COSTA MESA CITY
HALL AND PUBLIC SAFETY FACILITIES, INC. AND WILLIAM J. MORAN
COMPANY.
WHEREAS, this City Council has heretofore determined that a new city
hall, a police administration building and a fire station (herein called
the "Project") should be constructed for the use of the inhabitants and
citizens of the City of Costa Mesa, and has approved and acquired sites for
the Project (being the sites described in the site lease hereinafter mentioned);
and
WHEREAS, Costa Mesa City Hall & Public Safety Facilities, Inc., a non-
profit corporation (herein called the "Corporation") and the City have here-
tofore entered into a letter agreement (herein called the "Letter Agreement")
dated October 4, 1965, pursuant to which the Corporation agreed to finance
the Project; and
WHEREAS, the Corporation has heretofore agreed to award to William J.
Moran Company a contract for the construction of the Project (herein called
the "Construction Agreement"), and plans to execute and deliver said Construc-
tion Agreement simultaneously with the issuance and sale of the bonds of the
Corporation; and
WHEREAS, the City has heretofore entered into a contract with Schwager,
Desatoff & Henderson for the rendering of architectural services with respect
to the Project; and
WHEREAS, this City Council has determined that it is to the best interest
of the City and necessary and proper for municipal purposes to enter into a
site lease and a facility lease with the Corporation, and for the Corporation
to proceed with the financing and construction of the Project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa
Mesa, as follows:
1. The members of the Corporation, namely, Carl K. Boswell, Louis R.
Benny, Margaret A. Reinert, Phillip D. Sullivan, and Nicholas J. Ziener, are
hereby approved.
2. The form of lease, dated as of April 1, 1966, and entitled "Site Lease",
from the City to the Corporation, submitted to this City Council, and the terms
and conditions thereof, are hereby approved. The City Clerk is directed to
file a copy of said form of lease with the minutes of this meeting, and the
Mayor and the City Clerk are authorized and directed to execute and deliver
a lease in substantially said form.
3. The form of lease, dated as of April 1, 1966, and entitled "Facility
Lease," from the Corporation to the City, submitted to this City Council,
and the terms and conditions thereof, are hereby approved. The City Clerk
is directed to file a copy of said form of lease with the minutes of this
meeting, and the Mayor and the City Clerk are authorized and directed to
execute and deliver a lease in substantially said form.
4. The form of indenture, dated as of April 1, 1966, proposed to be
entered into by the Corporation and United States National Bank, as trustee,
submitted to this City Council, and Costa Mesa City Hall & Public Safety
Facilities, Inc. Bonds, in an aggregate principal amount of $31900,000,
proposed to be issued by the Corporation under said indenture, are hereby
approved. The proposed sale of said bonds by the Corporation, at the
interest rates set forth in said indenture, is hereby approved. The
City Clerk is directed to file a copy of said proposed indenture with the
minutes of this meeting.
5. The gift to the City of beneficial interest in the outstanding
membership certificates of the Corporation, pursuant to a declaration of
trust, dated as of April 1, 1966, proposed to be executed by United States
National Bank, as trustee, is hereby accepted, to be effective when made.
6. The plans and specifications for the construction of the Project,
prepared by Schwager, Desatoff & Henderson, submitted to this City Council,
are hereby approved.
7. The form of Construction Agreement between William J. Moran
Company and the Corporation, submitted to this City Council is hereby
approved. The City Clerk is directed to file a copy of said form of
Construction Agreement with the minutes of this meeting.
PASSED AND ADOPTED this 4th day of April, 1966.
M or of the City of Costa Mesa
ATTEST:
Z4 /
City Clerk of the City of Costa Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.
CITY OF COSTA MESA )
I, C. K. PRIEST, City Clerk of the City of Costa Mesa, 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 4th day of
April, 1966, of which meeting all of the members of said City Council had
due notice and at which a majority thereof were present; and that at
said meeting said resolution was adopted by the following roll call vote:
AYES: Councilmen: Pinkley, Jordan, Barck, Thompson, Wilson
NOES: Councilmen: None
ABSENT: Councilmen: 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
said 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 Costa Mesa this 5th
day of April, 1966.
City Cle k and ex -officio Clerk of the
City Council of the City of Costa Mesa