HomeMy WebLinkAboutRESOLUTIONS - 02131996 - 96-57 RESOLUTION NO. 96/57
OF THE BOARD OF SUPERVISORS OF THE
COUNTY OF CONTRA COSTA
r
CALIFORNIA
RESOLUTION DETERMINING TO PROCEED WITH CERTIFICATE OF
PARTICIPATION FINANCING FOR REFUNDING OF CERTIFICATES OF
PARTICIPATION FOR MERRITHEW MEMORIAL HOSPITAL REPLACEMENT
PROJECT, AND AUTHORIZING COUNTY OFFICIALS TO TAKE NECESSARY
ACTIONS AND TO PREPARE NECESSARY DOCUMENTS.
WHEREAS, this Board of Supervisors hereby determines that it would be in
the best interest of the County to proceed with a certificate of participation financing for the
refunding of all or a portion of the outstanding Certificates of Participation (Merrithew
Memorial Hospital Replacement Project) Series of 1992 (herein called the "Outstanding
Certificates of Participation");
WHEREAS, this Board of Supervisors desires to authorize County officials to
prepare necessary legal documents and to take other preliminary actions in connection with
the proposed issuance of Certificates of Participation.
NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the
County of Contra Costa, as follows:
SF2-54472.2
Section 1. This Board of Supervisors hereby determines to proceed with a
• Certificate of Participation financing for the refunding of Outstanding Certificates of
Participation.
Section 2. The appropriate County officials are hereby authorized and directed
to prepare the necessary legal documents to accomplish said financing.
Section 3. Prager, McCarthy & Sealy is hereby appointed as financial advisor
in connection with the Certificates of Participation, Orrick, Herrington & Sutcliffe and the
Law Offices of Pamela S. 7ue are hereby appointed as co-special counsel in connection with
the Certificates of Participation, and Smith Barney Inc., Bear, Stearns & Co. Inc. and BA
Securities, Inc. are hereby appointed as managing underwriters in connection with the
Certificates of Participation.
sr2-5472.2 2
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Section 4. This resolution shall take effect from and after its date of adoption.
• PASSED AND ADOPTED THIS 13th day of February, 1996.
AYES: Supervisors Rogers , Torlakson, Smith
NOES: None
ABSENT: Supervisors Bishop, DeSaulnier
[Seal]
Chai the Board of Supervisors
ATTEST: Philip J. Batchelor,
of the County of Contra Costa
Clerk of the Board
State of California
of Supervisors and County Administrator
By: , C0
'Deputy Cle
sF2-5"72.2 3