HomeMy WebLinkAbout08-062_~":~,
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~~''~,; ~ esolution No. 08-062
TEFRA RESOLUTION
RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF BUTTE
APPROVING THE ISSUANCE OF THE CALIFORNIA STATEWIDE
COMMUNITIES DEVELOPMENT AUTHORITY REVENUE BONDS (ENLOE
MEDICAL CENTER), SERIES 2008 IN AN AGGREGATE PRINCIPAL AMOUNT
NOT TO EXCEED 5250,00,000 FOR THE PURPOSE OF FINANCING THE
ACQUISITION, CONSTRUCTION, IMPROVEMENT, EQUIPPING, RENOVATION,
REHABILITATION AND REMODELING OF THE HEALTH AND SUPPORT
FACILITIES OF ENLOE MEDICAL CENTER AND CERTAIN OTHER MATTERS
RELATING THERETO
WHEREAS, the Enloe Medical Center, a California nonprofit public
benefit corporation (the "Corporation"), has requested that the California Statewide
Communities Development Authority (the "Authority") participate in the issuance of one
or more series of revenue bonds in an aggregate principal amount not to exceed
5250,000,000 (the "Bonds") for the acquisition, construction, improvement, equipping,
renovation, rehabilitation and remodeling of certain of the health and support facilities of
Enloe Medical Center (the "Facilities") to be owned and operated by the Corporation and
located within the County of Butte (the "County"); 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
County because the Facilities are located within the territorial limits of the County; and
WHEREAS, the Board of Supervisors of the County (the `Board") is the
elected legislative body of the County 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 Board 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 County;
WHEREAS, pursuant to Section 147(f) of the Code, the Board 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`, "I'HE~,R[FORE, BE IT RESOLVE.[), by the Board of Supervisors of.
the County o[~ Butte as follows:
Section 1. "I~he Board hereby approves the issuance of the Bonds by the
Authority. It is the purpose and intent of the Board that this resolution constitute
approval of the issuance of the Bonds by the Authority, for the purposes of {a) Section
l47(f} of the Code by the applicable elected representative of the issuer of the Bonds and
the governmental unit having jurisdiction over the area in which the Facilities are located,
in accordance with said Section 1~7(f) and (b) Sc;ction 9 ofthe Agreement.
Section 2. The officers of the County are hereby authoriTed 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.
PASSED AND ADOPTED by the Board of Supervisors of the County of Butte this 6th
day of May, ?008, by the following vote:
AYES: Supervisors Connelly, Dolan, Kirk, Yamaguchi, and Chair Jossiassen
TES: None
ABSENT: None
NOT VOTING: None
Cnrt~Joscasseil, C11air
Butte County Board of Supervisors
ATTEST:
Brian Haddi~c, Chief Administrative Officer
And Associate Clerk of the Board of Supervisors
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County Clerk