HomeMy WebLinkAbout6835_CCv0001.pdf RESOLUTION NO. 6835
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
APPROVING A TAX-EXEMPT BOND FINANCING TO BE ISSUED BY THE
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY TO
BENEFIT KAISER PERMANENTE
WHEREAS,Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc.,Kaiser
Health Plan Asset Management, Inc., Kaiser Hospital Asset Management, Inc.,each a nonprofit
public benefit corporation(collectively,"Kaiser"), have requested that the California Statewide
Communities Development Authority(the"Authority") issue bonds in one or more series in an
aggregate principal amount not to exceed $2,200,000,000 (the"Bonds") for the purpose of,
among other things, financing and refinancing the cost of acquisition, construction, improvement,
equipping, renovation, rehabilitation, remodeling and other capital projects (the"Financing") of
certain health, parking and other support facilities owned or operated by Kaiser Foundation
Hospitals or one of its affiliates, including the facility known as Redlands Medical Office
Building(the"Facilities") located in the City of Redlands (the "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"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 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; and
WHEREAS, pursuant to Section 147(f)of the Code, the 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 Redlands as
follows:
Section 1. The Council hereby approves the issuance of the Bonds by the Authority. It is
the purpose and intent of the 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 governmental unit having jurisdiction over the area in which the
Facilities are to be located, in accordance with said Section 147(f)and (b) Section 9 of the
Agreement.
[Acclerk\ResolutionslRes6800-6879%6835 Kaiser TFFF kD0C 1
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.
ADOPTED, SIGNED AND APPROVED this 5th day of May, 2009.
May
1 hereby certify that the foregoing Resolution was duly adopted by the City Council of the
City of Redlands at a regularly scheduled meeting thereof, held on the 5th day of May,2009 by the
following vote of the Council:
AYES: Councilmembers Gilbreath,Gallagher,Aguilar, Bean.; Mayor Harrison
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
City- lerk 611U
I:lcclerMesolutionskRes 6800-687916835 kaiser TEFi A-Doc 2