HomeMy WebLinkAboutAgenda Report - September 18, 1985 (88)z->
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$EPTFift 18 1985
RESOLUTIONS APPROVING
IDB PRQ.`1 CTS FOR THE
MINTOo I COt-Tm ' AND
SCE COMPUTER SERVICES,
INC,, AND SMING
TEM HFARINGS FOR EACH -
gES . I\O. 85-132
RES, M. 85-133
Following introduction by City Manager Peterson and Council
(l
discussion, on motion of Council Member Olson, Reid second,
/J Council by unanimous vote adopted the following Resolutions:
Resolution No. 85-132 - A Resolution approving an IDB project
for the Minton Cornpany and authorizing the City Manager to
conduct the TEFRA Hearing at 3:00 p.m., October 4, 1985.
Resolution No. 85-133 - A Resolution approving an IDB project
for the Wallace Canputer Services, Inc., and authorizing the
City Manager to conduct the TEFRA Hearing at 3:00 p.m., October
4, 1985.
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WALLACE
COMPUTER SERVICES, INC. RECEIVED
4600 W ROOSEVELT RD. HILLSIDE, 1LL1N &n r6U6J 7 %" WgNE (312) 449-8600
ALICE M. REIMICHE
CITY CLERK
CITY OF LO -1
September 16, 1985
Industrial Development Authority
of City of Lodi
City Hall
221 West Pine Street
Lodi, California 95240
Attention: Mr. Thomas A. Petersen
Gentlemen:
VIA FEDERAL EXPRESS
On behalf of Wallace Computer Services, Inc., a
Delaware corporation (the "Comiany"), I hereby apply for an
industrial development bond issue in an amount estimated not to
succeed $3,000,000 to finance the cost of buying land for and
constructing and equiping a business forms manufacturing plant to
be located on Lots 9 and 10 in Maxwell Industrial Park on South
Stockton Streeet in Lodi, California. The plant will be operated
by the Company and is expected to create approximately 60 jobs.
Enclosed for your information is a copy of the
Company's Form 10-K Annual Report for fiscal year 1984,.together
with a copy of its proxy statement for its 1984 Annual meeting.
If yousholald have any questions or should need any
additionalrmation at this time please feel free to telephone
_...�
me at .4.9767.-
YEN
IN?USTLIt.L DEVELOPMENT BCND Very truly yours,
PRO.=S INFORMATION
Craig T. Boyd
Assistant Secretary
- CTB/vr
a
s
Enc
r
Industrial Development Authority
of City of Lodi
Page 2
September 16, 1985
cc: Mary A. Collins
Orrick, Herrington & Sutcliffe (with enclosures)
Theodore Dimitriou
Chairman of the Board,
} President and Chief Executive Officer
Wallace Computer Services, Inc.
Gerald L. Governile
Senior Mice President,
Secretary and Treasurer.
Wallace Computer Services, Inc.
i
P.O. BOX 520 - MOUNTAIN VIEW,, CALIFORNIA 94042 • TELEPHONE: (415) 968-9800
City of Lodi
September 17, 1985
Page Two
The bond application will schedule in more detail the estimated
coat components of the project. In aummary, we have budgeted
51,050,000 for land, 02,250,000 for building and real estate
improvements, 51,250,000 for machinery and equipment, 5450,000
for issuance costs and capitalized interest, totaling $5,000,000.
We look forward to a long and mutually rewarding relationship
with the City of Lodi. We thank you for your assistance and
cooperation in advance.
Sincerely,
MIN"
COMPANY
t/
John J. eck IIT
Controller
JJB/ep
cc: Mary Collins
Anthony J. Moore
Paul Roskoph
SINCE 1911
VINT N
A CALIFORNIA CORPORAT10cz3 SEP 16 Y14 & 32
P. 0. BOX 520 • MOUNTAIN VIEW, CALIFORNIA 94042 �,j����'}tE�Cy�#Q��25) 968-9800
CITY CLERK
CITY C=r Or"
September 17, 1985
Mr. Thomas A. Peterson
City of Lodi
221 West Pine Street
Lodi, California 95240
Dear Mr. Peterson,
This letter will state our intent and .request for Industrial
Development Bonds in relation to our expansion to Lodi. Please,
accept this in place of a bond application until we can submit a
complete application. We anticipate being able to submit this to
you the week of September 23, 1985.
We have reached an agreement to aquire the 21 acre parcel located
on Beckman Road known as the Rich Viking Property. This agree-
ment is contingent upon obtaining I.D.B. financing. We plan to
build a manufacturing facility of approximately 100,000 square
feet with an adjacent office space of 5,000 square feet.
Initially we will install a state of the art door machining lire
and the material handling and storage equipment necessary to
start off with approximately three salespersons and one adminis-
trative staff with the manufacturing operation requiring approx-
imately ten people. We have begun a marketing effort for the
Company's unique products which we hope will be of significant
impact on our entrance into the San Joaquin/Sacramento building
markets. As sales begin to grow and we aquire more equipment,
the millwork and hollow metal door and frame operations will start
up. We anticipate approximately a two to three year time span
from starting manufacturing to a full scale facility. At full
scale, we anticipate the total employment to be approximately 35
to 45 people. Full scale operations will include:
Flush Door Machining
Custom Stile and Rail Panel Door Manufacturing
Wood Jamb Manufacturing
Hollow Metal Frame Fabrication
Hollow Metal Door Modifications
Distribution of Hollow Metal Products
Custom Architectural Millwork
Distribution of Finish Hardware
Will Call Sales as well as Sales F.Q.B. Jobsite
SINCE 1911
Ms. Alice M. Reimche
City Clerk
City of .Lodi
City Hall
P.O. Box 320
221 West Pine Street
Lodi, CA 95240
SAN JOSE. CALIFORNIA 95113
55 ALMADEN BOULEVARD
TELEPHONE (438) 295-8800
Re: Inducement Resolutions for Industrial
Development Bond Projects
Dear Alice:
I am forwarding to you two forms of suggested
inducement resolutions for the Industrial Development
Authority of the City of Lodi and the City Council of
the City of Lodi for adoption with respect to the projects
for Minton Company and Wallace Computer Services, Inc.
pursuant to your request. Please review these resolutions
and insert any missing information or make any alterations
that you wish. I can provide you with retyped resolutions
with all of the correct insertions at a later date if
you so desire.
I am also enclosing two forms, both of which
are to be used with respect to the California Debt Limit
Allocation Committee. One -of the forms should be filled
out indicating a transfer of cap allocation from the
City of Lodi to the Industrial Development Authority
of the City of Lodi for the Minton project. The other
two forms should be filled out as requests for the necessary
remaining allocation to be received from the State for
the remaining portion of the Minton project and for
the Wallace Computer Services, Inc. project. The State
requires that you request, initially, cap allocations
from the County prior to requesting allocation from
~ �
"L-CrE`��-
LAW OFFICES '
ORRICK,
HERR,INISTON & SUTCLIFFE
t Ag
U
600 MONTGOMERY STREET
SAN FRANCISCO, CALIFORNIA 94111
TELEPHONE (415) 392-1122
J_l1^{l} riTELECOPIER (415) 954.3759 TELEX 70-3520
^Vi);, 11-1.i-�i_i N:t:E
CITY CLERK
NEW YORK. NEW YORK`(bO 6 "t-rI_n(l(
SACRAMENTO, CALIFORNIA 95814
1211 AVENUE Of THE AMERICAS
555 CAPITOL MALL
TELEPHONE (212) 704-9660
TELEPHONE (916) 447-9200
September 13, 1985
WRI-ERS DIRECT DIAL NUMBER
Ms. Alice M. Reimche
City Clerk
City of .Lodi
City Hall
P.O. Box 320
221 West Pine Street
Lodi, CA 95240
SAN JOSE. CALIFORNIA 95113
55 ALMADEN BOULEVARD
TELEPHONE (438) 295-8800
Re: Inducement Resolutions for Industrial
Development Bond Projects
Dear Alice:
I am forwarding to you two forms of suggested
inducement resolutions for the Industrial Development
Authority of the City of Lodi and the City Council of
the City of Lodi for adoption with respect to the projects
for Minton Company and Wallace Computer Services, Inc.
pursuant to your request. Please review these resolutions
and insert any missing information or make any alterations
that you wish. I can provide you with retyped resolutions
with all of the correct insertions at a later date if
you so desire.
I am also enclosing two forms, both of which
are to be used with respect to the California Debt Limit
Allocation Committee. One -of the forms should be filled
out indicating a transfer of cap allocation from the
City of Lodi to the Industrial Development Authority
of the City of Lodi for the Minton project. The other
two forms should be filled out as requests for the necessary
remaining allocation to be received from the State for
the remaining portion of the Minton project and for
the Wallace Computer Services, Inc. project. The State
requires that you request, initially, cap allocations
from the County prior to requesting allocation from
fvvtwi .. .Y
ORRICK, HERRINGTON SUTCLIFFE
i
Alice M. Reimche
September 13, 1985
Page Two
the State.- I believe that
lfyou check lallocatedFrank Bruno
of the County he has already sufficiently
or has requests for allocations for its full amount
of cap, but this fact needs to be verified with the
County.
If you have any questions or comments about
any of the foregoing, please feel free to contact me.
As always, it is a pleasure working with you.
Very truly .yours,
Mary A. �ji
MAC/bdb
encls.
cc/w. encls: Robert P. Feyer, Esq-
John Beck
Craig Boyd
i
NOTICE OF PUBLIC HEARING
Notice is hereby given that on , 1985,
City Manager, on behalf of the City Council
of the Citv of Lodi will hold a public hearing with respect
to the proposed issuance by the Industrial Development
Authority of the City of Lodi of industrial revenue bonds in
an amount not to exceed $5,000,000 for the purpose of
assisting -in. the financing of...a facility to be owned and
operated by Minton Company, consisting of real and personal
property, to be located at 400 South Beckman Street in the
City of Lodi, California within the unincorporated area of
the County of San Joaquin, and to be used as a manufacturing,
shipping and sales facility for _
The hearing will commence at o'clock, a.m.,
and will be held in Room at , Lodi,
California. Interested persons wishing to express their
views on the issuance of such bonds or on the nature and
location of the facility proposed to be financed will be
given an opportunity to do so at the public hearing or may,
prior to the time of the hearing, submit written comments to
the undersigned at: Office of the City Manager, City of
Lodi, 221 West Pine Street, Lodi, California 95240.
Dated: , 1985
040839-0002-187-3761c
City Manager
09/13/85
1
v-�,
INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF L•ODI
RESOLUTION NO.
A RESOLUTION MAKING DETERMINATIONS WITH RESPECT TO THE
FINANCING OF FACILITIES FOR MINTON COMPANY AND
AUTHORIZING EXECUTION OF A PRELIMINARY AGREEMENT.
WHEREAS Minton Company (the "Applicant"), a
California corporation, desires to acquire, construct and
install certain real and personal property for use as a
manufacturing, shipping and
sales facility k t.ie "Facility") ; and
WHEREAS the Applicant is willing to locate such
Facility within the urisdiction of the Industrial
Development Authority of the City of Lodi (the "Authority")
if the Authority will issue its revenue bonds to finance such
Facility pursuant to the California Industrial Development
Financing Act, being Title 10 of the California Government
Code, as supplemented and amended (the "Act"); and
WHEREAS the Applicant has submitted, and this Board
of Directors has accepted, an application requesting
financing for such Facility; and
WHEREAS the Authority may not issue bonds to
finance such Facility until this Board of Directors makes
certain determinations with respect to public benefits and
qualification of the Facility as required by the Act; and
WHEREAS this Board of Directors has carefully
considered and discussed the information contained in such
application and other information necessary to make such
determinations; and
WHEREAS this Board of Directors desires to induce
the Applicant to commence acquisition, construction and
installation of the Facility at the earliest possible time so
as to produce the publ'c benefits set forth herein;
NOW, THEREFORE, the_3oard of Directors of the
Industrial Development Authority of the City of Lodi does
resolve as follows:
Section 1. This Board of Direc•,.ors hereby finds
and determines:
(a) That the use of the Facility as a
manufacturing,
shipping and sales facility is in accord with
Section 91503 of the Act;
(b) That the use of the Facility is likely to
produce employment benefits by securing and
increasing the number of employees of the Applicant
and the compensation for such employment;
(c) That the issuance of revenue bonds by the
Authority in an amount sufficient to finance the
Facility, which is now eGtimated to be
approximately $5,000,000, is likely to be a
substantial factor in the accrual of each of such
public benefits from the use of the Facility; and
2
040839-0002-187-3761c 09/13/85
(d) That the proposed financing is otherwise
in accord with the purposes and requirements of the
Act.
Section 2. It is the present intent of the
Authority to issue, at one time or from, time to time, bonds
in the amount described in Section 1.
Section 3. In order to set forth more fully the
obligations of the Applicant and the Authority in connection
with the issuance of such bonds, the Chairperson is hereby
authorized to execute and deliver, in the name and on behalf
of the Authority, a Preliminary Agreement between the
Authority and the Applicant in substantially the form before
this meeting, which is hereby approved in all respects and by
this reference incorporated in this Resolution.
Section 4. The Secretary or Assistant Secretary is
hereby authorized and directed as soon as possible to certify
and file with the City Council of the City of Lodi a copy of
the application from the Applicant accepted by this Board of
Directors, to the date of such certification and filing.
Section S. This Resolution shall take effect
immediately upon its passage.
3
040839-0002-187-3761c 09/13/85
The foregoing Resolution was passed and adopted by
the Industrial Development Authority of the City of Lodi on
, 1985, by the following vote:
AYES:
NAYS:
4BSENT :
ATTEST:
Chairperson
Secretary
4
040839-0002-187-3761c 09/13/85
M
NATE OF CALIFORNIA j
CITY OF LODI )
CERTIFICATE
I, the undersigned, the duly appointed, qualified
and acting Secretary of the Industrial Development Authority
of the City of Lodi, do hereby certify that attached hereto
is a true, complete and correct ,copy of Resolution No.
adopted at a duly called meeting of the Board of Directors of
said Authority held in accordance with law on
1985, at which meeting a quorum was present and acting
throughout., all as appears :n the records of the Board of
Directors of said Authority in my custody as Secretary of the
Authority.
IN WITNESS WHEREOF, I have hereunto subscribed my
name this —— day of _ __ _ , 1985.
Secretary
Industrial Development Authority
of the City of Lodi
5
040839-0002-187-3761c 09/13/85
EXHIBIT A
PRELIMINARY AGREEMENT
THIS PRELIMINARY AGREEMENT is between the
Industrial Development Authority of the City of Lodi (tt�v
"Authority"), a municipal corporation in the State of
California, and Minton Company, a California corporatipf! (�3
"Applicant").
1. Preliminary Statement. Among the matters of
mutual inducement which have resulted in this Agreement orq
the following:
(a) The Authority is authorized pursuant to rhv
provisions of the California Industrial Development Fin4pCng
Act, being Title 10 of the California Government Code, ##
supplemented and amended (the "Act"), to issue its revap4a
bonds to finance certain facilities.
(b) The Applicant intends to acquire, cvnstfgct
and install facilities for use as a
manufacturing, shipping and sales facility (`)
"Project"), located within the City. The cost of the
Project, including financing and incidental costs, is
expected to be approximately $5,000,000. The Applicant.
requested that the Authority assist the Applicant in
defraying all or a portion of the cost of the Project )�y
issuing its revenue bonds in an amount not to exceed
$5,000,000.
(c) The Authority has determined that the yob of
the Project is in accord with the Act and that the prgp,pgi�rd
financing will produce public benefits as contemplated Py wax
Act.
(d) The revenue bonds of the Authority shalt be
special obligations of the Authority payable solely oi4t of
the revenues and receipts derived with respect to the
Project; and the Project shall be financed for the App�lC;*nt
under an agreement pursuant to which the Applicant will- p*y
an amount sufficient to pay the principal of, premium, if
any, and interest on such revenue bonds. No holder of ,any
such bonds shall have the right to compel any exercise r_af the
taxing power of the Authority to pay any amounts due pp guch
bonds, and such bonds shall not constitute a debt or
liability of the Authority.
(e) Subject to due compliance with all
requirements of law, by virtue of such authority as may now
or hereafter be conferred, and subject to receipt of adequate
assurance from the Applicant that there are one or more
purchasers for the bond:, the Authority will issue and sell
its revenue bonds in an amount sufficient to finance the
Project, or such portion thereof as shall be determined by
the Applicant and the Authority, but not to exceed
$5,000,000, to pay costs of the Project, including expenses
incidental to the issuance of the bonds.
2. Undertakings on the Part of the Authority.
Subject to the conditions above stated, the Authority agrees
as follows:
(a) That it will authorize the issuance and sale
of the bonds pursuant to its lawful authority at one time or
from time to time.
(b) That it will enter into a loan agreement,
lease agreement or installment sale agreement with the
Applicant whereby the Applicant will pay to or on behalf of
the Authority such sums as shall be sufficient to pay the
principal of and interest and redemption premium, if any, on
the bonds as and when the same shall become due and payable.
3. Undertakings on the Part of the Applicant.
Subject to the conditions above stated, the Applicant agrees
as follows:
(a) That it will use all reasonable efforts to
find one or more purchasers for the bonds.
(b) That contemporaneously with the delivery of
the bonds it will enter into a loan agreement (as borrower),
a lease agreement (as lessee) or an installment sale
agreement (as purchaser) with the Authority, under the terms
of which the Applicant will obligate itself to pay to or on
behalf of the Authority sums sufficient in the aggregate to
pay the principal of and interest and redemption premium, if
any, on the bonds as and when the same shall become due and
payable and to pay all expenses of the Authority in
connection with the financing, and which agreement shall
contain such other provisions as shall be mutually acceptable
or as shall be required by the Act.
2
040839-0002-187-3761c 09/13/85
PON ►•�
4. General Provisions.
(a) All commitments of the Authority under
paragraph 2 hereof and of the Applicant under paragraph 3
hereof are subject to the condition that on or before two
years from the date hereof (or such other date as shall be
mutually satisfactory to the Authority and the Applicant),
the Authority and the Applicant shall have agreed to mutually
acceptable terms and conditions of the financing agreement
and of the bonds and other instruments of proceedings
Zelating to the bonds.
(b) The Applicant agrees that it will reimburse
the Authority for all reasonable and necessary expenses which
the Authority may have incurred at the request of the
Applicant arising from the execution of this Agreement and
performance by the Authority of its obligations hereunder,
and will pay the fees and expenses of such counsel, including
counsel for the Authority and bond counsel, a!; may have been
retained in connection with the proposed financing. If the
events set forth in (a) of this paragraph do not take place
within the time set forth or any extension thereof and the
bonds in an amount of approximately the amount stated above
are not sold within such time, this Agreement shall thereupon
terminate, subject to Applicant's obligations under this
section (b).
IN WITNESS WHEREOF, the Authority and the Applicant
have entered into this Agreement by their duly authorized
officers as of the day of 1985.
INDUSTRIAL DEVELOPMENT
AUTHORITY OF THE CITY OF LODI
By
Chairperson
MINTON COMPANY
By
3
040839-0002-187-3761c 09/13/85
NOTICE
OF FILING OF AN APPLICATION WITH
1'h.: INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF LODI
NOTICE IS HEREBY GIVEN, that an application has
been filed with the Industrial Development Authority of the
City of Lodi (the "Authority"), and that the Authority has
accepted the application from Minton Company (the
"Applicant"), requesting that the Authority issue its revenue
bonds in an estimated principal amount of $5,000,000 to pay
costs of facilities to be located at 400 South Beckman Street
in the City of Lodi, which consist of real and personal
property to be used by the Applicant as a
manufacturing, shipping and sales
facility.
Such bonds will be payable solely from revenues
derived under a financing agreement to be executed between
the Authority and the Applicant and will not constitute any
pledge of the faith and credit of the City of Lodi.
040839-0002-187-3761c 09/13/85
:'• ... _ . inn , _� ,.. �. IAIIlII�ISIAlI�IgRIA
Further particulars may be obtained by reviewing
the application at the Authority's office, located at
221 West Pine Street, Lodi, California 95240, during regular
business hours.
Dated:
Secretary
Industrial Development Authority
of the City of Lodi
040839-0002-187-3761c 09/13/85
CITY COUNCIL OF THE CITY OF LODI
RESOLUTION NO.
A RESOLUTION APPROVING A PROJECT FOR
MINTON COMPANY
WHEREAS the Industrial Development Authority of the
City of Lodi (the "Authority") has accepted and filed with
this City Council an application from Minton Company (the
"Applicant") requesting that the Authority issue 4ts revenue
bonds pursuant to the California Industrial Development
Financing Act, being. Title 10 of the California Government
Code, as supplemented and amended (the "Act"), to finance the
acquisition and construction of certain facilities (the
"Project") to be used by the Applicant; and
WHEREAS the Board of Directors of the Authority has
made the determinations required to be made by it pursuant to
Section 91530 of the Act preliminary to the issuance by the
Authority of such revenue bonds; and
WHEREAS this City Council has considered the
information contained in the aforesaid application and has
considered the determinations of the Board of Directors of
the Authority;
NOW, THEREFORE, the City Council of the City of
Lodi do[es] resolve as follows:
Section 1. The City Council hereby approves the
Project, subject:to fulfillment of all requirements under the
Act, and approves the issuance of revenue bonds of the
Authority to finance costs of the Project, which bonds and
the interest thereon_ shall be paid from revenues received by
the Authority from the Applicant pursuant to a financing
agreement with respect to the Project to be entered into
between the Authority and the Applicant_
Section 2. In order to comply with the public
hearing requirements of Section 103(k) of the Internal
Revenue Code of 1954, as zamend6d, the City Council hereby
designates ,City Manager of the City, to hold
a public hearing on behalf of the Council with respect to the
proposed issuance of the Bonds, on at
o'clock _.m. at The City Clerk is hereby
authorized and directed to publish notice of such hearing in
accordance with said Section 103(k).
Section 3. The City Council hereby allocates the
City's private activity bond allocation, as described in
Section 103(n) of the Internal Revenue Code of 1954, as
amended, for the year 1985 to the Project and directs the
Clerk or Deputy Clerk to forward this Resolution to the Board.
of Supervisors of the County of San Joaquin in request of an
allocation from the County of the County's private activity
bond allocation in an amount sufficient to enable the
Authority to issue bonds for the Project and, in the event
the County is unable or unwilling to allocate a portion of
its private activity bond allocation -o the Project, the
2
040839-0002-187-3761c 09/13/85
Clerk or Deputy Clerk is hereby directed to request an
allocation from the State by mailing an application to the
California Debt Limit Allocation Committee.
Section 4. The Clerk or a Deputy Clerk is hereby
directed to certify and deliver this Resolution to the
Authority.
Section 5. This Resolution shall take effect
immediately upon its passage.
The foregoing Resolution was passed and adopted by
the City Council of the City of Lodi on 1985,
by the following vote:
T YE
NAYS:
ABSENT:
ATTEST:
3
040839-0002-187-3761c
Mayor
City Clerk
09/13/85
CLERK'S CERTIFICATE
I, the undersigned, the City Clerk of the City of
Lodi, hereby certify that the foregoing is a full, true and
correct copy of a resolution duly introduced and adopted at a
special meeting of the City Council of the City of Lodi duly
and regularly held on the day of 1985, of
which meeting all of the members of said City Council -had due
notice and at which a majority thereof were present; and that
said resolution was adopted by the following vote:
AYES:
NOES:
ABSENT:
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 so adopted
and entered in said minutes; and that said resolution has'not
been amended, modified or rescinded since the date of its
adoption and is now in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the City of Lodi this day
of , 1985.
[SEAL)
040839-0002-187-3761c
4
City Clerk
09/13/85
3
NOTICE OF PUBLIC HEARING
Notice is hereby given that on , 1985,
City Manager, on behalf of the City Council
of the City of Lodi will hold a public hearing with respect
to the proposed issuance by the Industrial Development
Authority of the City of Lodi of ::rdustrial revenue bonds ire
an amount not to exceed $3,000,000 for the purpose of
assisting in the financing of.a facility to be owned and
operated by Wallace Computer Services, Inc., consisting of
real and personal property, to be located at 831-843 South
Stockton Street in the City of Lodi, California within the
unincorporated area of the City of Lodi, and to be used as a
business forms manufacturing plant.
The hearing will commence at _ o'clock, a.m.,
and will be held in Room at Lodi,
California. Interested persons wishing to express their
views on the issuance of such bonds or on the nature and
location of the facility proposed to be financed will be
given an opportunity to do so at the public hearing or may,
prior to the time of the hearing, submit written comments to
the undersigned at: Office of the City Manager, City of
Lodi, 221 West Pine Street, Lodi, California 95240.
Dated: , 1985
000001-0439-187-3762c
City Manager
09/13/85.
r1
INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF LODI
RESOLUTION NO.
A RESOLUTION MK'ING DETERMINATIONS WITH RESPECT TO THE
FINANCING OF FACILITIES FOR WALLACE COMPUTER SERVICES,
INC. AND AUTHORIZING EXECUTION OF A PRELIMINARY
AGREEMENT.
WHEREAS Wallace Computer Services, Inc. (the
"Applicant"), a Delaware -corporation, desires to acquire,
construct and install certain real and personal property for
use as a business forms manufacturing plant (the "Facility");
and
WHEREAS the Applicant is willing to locate such
Facility within the jurisdiction of the Industrial
Development Authority of the City of Lodi (the "Authority")
if the Authority will issue its revenue bonds to finance such
Facility pursuant to the California Industrial Development
Financing Act, being Title 10 of the California Government
Code, as supplemented and amended (the "Act"); and
WHEREAS the Applicant has submitted, and this Board
of Directors has accepted, an application requesting
financing for such Facility; and
WHEREAS the Authority may not issue bonds to
finance such Facility until this Board of Directors makes
certain determinations with respect to public benefits and
qualification of the Facility as required by the Act; and
WHEREAS this Board of Directors has carefully
considered and discussed the information contained in such
application and other information necessary to make such
determinations; and
WHEREAS this Board of Directors desires to induce
the Applicant to commence acquisition, construction and
installation of the Facility at the earliest possible time so
as to produce the public benefits set forth herein;
NOW, THEREFORE, the Board of Directors of the
Industrial Development Authority of the City of Lodi does
resolve as follows:
Section 1. This Board of Directors hereby finds
and determines:
(a) That the use of the Facility as a ti
business forms manufacturing plant is in accord
with Section 91503 of the Act;
(b) That the use of the Facility is likely to
produce employment benefits by securing and
increasing the number of employees of the Applicant
and the compensation for such employment;
(c) That the issuance of revenue bonds by the
Authority in an amount sufficient to finance the
Facility, which is now estimated to be
approximately $3,000,000, is likely to be a
substantial factor in the accrual of each of such
public benefits from the use of the Facility; and
2
000001-0439-187-3762c 09/13/85
(d) That the proposed financing is otherwise
in accord with the purposes and requirements of the
Act.
Section 2. It is the present intent of the
Authority to issue, at one time or from time to time, bonds
in the amount described in Section 1.
Section 3. In order to set forth more fully the
obligations of the Applicant and the Authority in connection
with the issuance of such bonds, the Chairperson is hereby
authorized to execute and deliver, in the name and on behalf
of the Authority, a Preliminary Agreement between the
Authority and the Applicant in substantially the form before
this meeting, which is hereby approved in all respects and by
this reference incorporated in this Resolution.
Section 4. The Secretary or Assistant Secretary is
hereby authorized and directed as soon as possible to certify
and file with the City Council of the City of Lodi a copy of
the application from the Applicant accepted by this Board of
Directors, to the date of such certification and filing.
Section 5. This Resolution shall take effect
immediately upon its passage.
3
000001-0439-187-3762c 09/13/85
The foregoing Resolution was passed and adopted by
the Industrial Development Authority of the City of Lodi ort
1985, by the following vote:
AYES:
NAYS:
ABSENT:
ATTEST:
0
000001-0439-187-3762c
.csacxaxe� >AGi92 izv�v �r
Chairperson
Secretary
09/13/85
I, the undersigned, the duly appointed, qualified
and acting Secretary of the Industrial Development Authority
of the City of..Lodi;.do hereby certify that attached hereto
is a true, complete and correct copy of Resolution No. ,
adopted at a duly called meeting of the Board of Directors of
said Authority held in accordance with law on ,
1985, at which meeting a quorum was present and acting
throughout, all as appears in the records of the Board of
Directors of said Authority in my custody as Secretary of the
Authority.
IN WITNESS WHEREOF, I have hereunto subscribed my
name this day of 1985.
5
000001-0439-187-3762c
Secretary
Industrial Development Authority
of the City of Lodi
09/13/85
I
PYRTRTT A
PRELIMINARY AGREEMENT
THIS PRELIMINARY AGREEMENT is between the
Industrial Development Authority of the City of Lodi (the
"Authority"), a municipal corporation in the State of
California, and Wallace Computer Services, Inc., a Delaware
corporation (the "Applicant").
1. Preliminary Statement. Among the matters of
mutual inducement which have resulted in this Agreement are
the following:
(a) The Authority is, authorized pursuant to the
provisions of the California Industrial Development Financing
Act, being Title 10 of the California Government Code, as
supplemented and amended (the "Act"), to issue its revenue
bonds to finance certain facilities.
(b) The Applicant intends to acquire, construct
and install facilities for use as a business forms
manufacturing plant (the "Project"), located within the
City. The cost of the Project, including financing and
incidental costs, is expected to be approximately
$3,000,000. The Applicant has requested that the Authority
assist the Applicant in defraying all or a portion of the
cost of the Project by issuing its revenue bonds in an amount
not to exceed $3,000,000.
(c) The Authority has determined that the use of
the Project is in accord with the Act and that the proposed
financing will produce public benefits as contemplated by the
Act.
(d) The revenue bonds of the Authority shall be
special obligations of the Authority payable solely out of
the revenues and receipts derived with respect to the
Project; and the Project shall be financed for the Applicant
under an agreement pursuant to which the Applicant will pay
an amount sufficient to pay the principal of, premium, if
any, and interest on such revenue bonds. No holder of any
such bonds shall have the right to compel any exercise of the
taxing power of the Authority to pay any amounts due on such
bonds, and such bonds shall not constitute a debt or
liability of the Authority.
(e) Subject to lue compliance with all
requirements of law, by virtue of such authority as may now
or hereafter be conferred, and subject to receipt of adequate
assurance from the Applicant that there are one or more
purchasers for the bonds, the Authority will issue and sell
its revenue bonds in an amount sufficient to finance the
Project, or such portion thereof as shall be determined by
the Applicant and the Authority, but not to exceed
$3,000,000, to pay costs of the Project, including expenses
incidental to -the issuance of.the bonds.
2. Undertakings on the Part of the Authority.
Subject to the conditions above stated, the Authority agrees
as follows:
(a) That it will authorize the issuance and sale
of the bonds pursuant to its_.lawful-authority at one time or
from time to time.
(b) That it will enter into a loan agreement,
lease agreement or installment sale agreement with the
Applicant whereby the Applicant will pay to or on behalf of
the Authority such sums as shall be sufficient to pay the
principal of and interest and redemption premium, if any, on
the bonds as and when -she same shall become due and payable.
3. Undertakings on the Part of the Applicant.
Subject to the conditions above stated, the Applicant agrees
as follows:
(a) That it will use all reasonable eforts to
find one or more purchasers for the bonds.
(b) That contemporaneously with the delivery of
the bonds it will enter into a loan agreement (as borrower),
a lease agreement (as lessee) or an installment sale
agreement (as purchaser) with the Authority, under the terms
of which the Applicant will obligate itself to pay to or on
behalf of the Authority sums sufficient in the aggregate to
pay the principal of and interest and redemption premium, if
any, on the bonds as and when the same shall become due and
payable and to pay all expenses of the Authority in
connection with the financing, and which agreement shall
contain such other provisions as shall be mutually acceptable
or as shall be required by the Act.
4. General Provisions.
(a) All commitments of the Authority under
paragraph 2 hereof and of the Applicant under paragraph 3
hereof are subject to the condition that on or before two
years from the date hereof (or such other date as shall be
mutually satisfactory to the Authority and the Applicant),
the Authority and the Applicant shall have agreed to mutually
3
2
000001-0439-187-3762c 09/13/85
- _ mmm�mm�mr
3.
000001-0439-187-3762c
09/13/85
acceptable terms and conditions of the financing agreement
and of the bonds and other instruments of proceedings
'
relating to the bonds.
1
(b) The Applicant agrees that it will reimburse
the Authority for all reasonable and necessary expenses which
the Authority may have incurred at the request of the
Applicant arising from the execution of this Agreement and
performance by the Authority of its obligations hereunder,
and will pay the fees and expenses of such counsel, including
counsel for the Authority and bond counsel, as may have been
retained in connection with the proposed financing. If the
events set forth in (a) of this paragraph do not take place
within the time set forth or any extension thereof and the
bonds in an amount of approximately the amount stated above
are not sold within such time, this Agreement shall thereupon
terminate, subject to Applicant's obligations under this
section (b).
11.7 WITNESS WHEREOF, the Authority and the Applicant
have entered into this Agreement by their duly authorized
officers as of the day of 1985.
t
INDUSTRIAL DEVELOPMENT
AUTHORITY OF THE CITY OF LODI
8
i
Chairperson
WALLACE COMPUTER SERVICES, INC.
BY
3.
000001-0439-187-3762c
09/13/85
NOTICE
OF FILING OF AN APPLICATION WITH
THE INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF LODI
NOTICE IS HEREBY GIVEN, that an application has
been filed with the Industrial Development Authority of the
City of Lodi (the "Authority"), and that the Authority has
accepted the application from Wallace Computer Services, Inc_
(the "Applicant"), requesting that the Authority issue its
revenue bonds in an estimated principal amount of $3,000,000
to pay costs of facilities to be located at 831-843 South
Stockton Street in the City of Lodi, which consist of real
and personal property to be used by the Applicant as a
business forms manufacturing plant.
Such bonds will be payable -solely from revenues
derived under a financing agreement to be executed between
the Authority and the Applicant and will not constitute any
pledge of the faith and credit of the City of Lodi.
000001-043.9-187-3762c
c
Further particulars may be obtained by reviewing
the application at the Authority's office, located at
221 West Pine Street, Lodi, California 95240, during regular
business hours.
Dated:
000001-0439-187-3762c
Secretary
Industrial Development Authority
of the City of Lodi
09/13/85
CITY,COUNCIL OF THE CITY OF LODI
RESOLUTION NO.
A RESOLUTION APPROVING A PROJECT FOR
WALLACE COMPUTER SERVICES, INC.
WHEREAS the Industrial Development Authority of the
_ City of Lodi (the "Authority") has accepted and filed with
this City Council an application from Wallace Computer
Services, Inc. (the:"App'licant") requesting that.the.
Authority issue its revenue bonds pursuant to the California
Industrial Development Financing Act, being Title 10 of the
California Government Code, as supplemented and amended (the
"Act"), to finance the acquisition and construction of
certain facilities (the "Project") to be used by the
Applicant; and
WHEREAS the Board of Directors of the Authority has
made the determinations required to be made by it pursuant to
Section 91530 of the Act preliminary to the issuance by the
Authority of such revenue bonds; and
WHEREAS this City Council has considered the
information contained in the aforesaid application and has
considered the determinations of the Board of Directors of
the Authority;
NOW, THEREFORE, the City Council of the City of
Lodi do[es] resolve as follows:
W
Section 1. The City Council hereby approves the
Project, subject to fulfillment of all requirements under the
Act, and approves the issuance of revenue bonds of the
Authority to finance costs of the Project, which bonds and
the interest thereon shall be paid from revenues received by
the Authority from the Applicant pursuant to a financing
agreement with respect to the Project to be entered into
between the Authority and the Applicant.
Section 2. In order to comply with the public
hearing requirements of Section 103(k) of the Internal
Revenue Code of 1954, as amended, the City Council hereby
designates City Manager of the City, to hold
a public hearing on behalf of the Council with respect to the
proposed issuance of the Bonds, on at
o'clock _ .m. at The City Clerk is hereby
authorized and directed to publish notice of such hearing in
accordance with said Section 103(k).
Section 3. The City Council has heretofore
allocated all of the City's private activity bond allocation,
as described in Section 103(n) of the Internal Revenue Code
of 1954, as amended, for the year 1985 to another project and
directs the Clerk or Deputy Clerk to forward this Resolution
to the Board of Supervisors of the County of San Joaquin in
request of an allocation from the County of the County's
private activity bond allocation in an amount sufficient to
enable the Authority to issue bonds for the Project and, in
2
000001-0439-187-3762c 09/13/85
�che event the County is unable or unwilling to allocate a
portion of its private activity bond allocation to the
Project, the Clerk or Deputy Clerk is hereby directed to
request an allocation from the State by mailing an
application to the California Debt Limit Allocation Committee.
i Section 4. The Clerk or a Deputy Clerk is hereby
directed to certify and deliver this Resolution to the
Authority.
Section 5. This Resolution shall take effect -
immediately upon its passage.
The foregoing Resolution was passed and adopted by
the City Council of the City of Lodi on 1985,
by the following vote:
AYES:
NAYS:
ABSENT:
000001-0439-187-3762c
ATTEST:
Mayor
City Cler
3
09/13/85
CLERK'S CERTIFICATE
I, the undersigned, the City Clerk of the City of
Lodi, hereby certify that the foregoing is a full, true and
correct copy of a resolution duly introduced and adopted at a
special meeting of the City Council of the City of Lodi duly
and regularly held on the day of , 1985, of
which meeting all of the members of said City Council had due
notice and at which a majority thereof were present; and that
said resolution was adopted by the following vote:
AYES:
NOES:
ABSENT:
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 so adopted
and entered in said minutes; and that said resolution has not
been amended, modified or rescinded since the date of its
adoption and is now in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the City of Lodi this day
of , 1985
City Clerk
[SEAL]
4
000001-0439-187-3762c 09/13/85
• REPORT OF ACTION TAKEN WITH
RESPECT TO PRIVATE ACTIVITY BONDS
CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE
P.O. Box 1919
Sacramento, California 95809
(916) 324-0310
Please complete this form within 15 days of taking of any action
described below (in Section I.) and mail to the above address.
NAME OF ISSUER:
ADDRESS:
COUNTY:
CONTACT PERSON:
•TITLE: TELEPHONE:
DATE OF THIS REPORT:
I. ACTION TAKEN: (Check one.)
A) ISSUANCE OF BONDS (Complete Section II. below.)
B) TRANSFER OF ALLOCATION (Complete Section III. below.)
C) CARRYFORWARD ELECTION:
DATE ACTION TAKEN:
PRINCIPAL AMOUNT: $
NAME OF PRIVATE USER AND/OR DESCRIPTION OF PROJECT:
II. FOR ISSUANCE OF BONDS:
SOURCE OF ALLOCATION: (Check one or more.)
ISSUER'S ALLOCATION FOR CURRENT YEAR
TRANSFER (Name of Donor
CARRYFORWARD FROM PRIOR YEAR
III• FOR TRANSFER:
NAME OF GOVERNMENTAL UNIT TO WHOM
ALLOCATION WAS TRANSFERRED:
DESCRIBE ANY LIMITATIONS ON, TRANSFER:
REPORT OF ACTION TAKEN WITH
RESPECT TO..PRIVATE !ACTIVITY BONDS
CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE
P.O. Box 1919
Sacramento, California 95809
(916) 324-0310
Please complete this form within 15 days of taking of any action
described below (in Section I.) and mail to the above address -
NAME OF ISSUER:
ADDRESS:
COUNTY:
CONTACT PERSON:
•TITLE: TELEPHONE:
DATE OF THIS REPORT:
I. ACTION TAKEN: (Check one.)
A) ISSUANCE OF BONDS (Complete Section II. below.)
B) TRANSFER OF ALLOCATION (Complete Section III. below.)
C) CARRYFORWARD ELECTION:
DATE ACTION TAKEN:
PRINCIPAL AMOUNT: $
NAME OF PRIVATE USER AND/OR DESCRIPTION OF PROJECT:
II. FOR ISSUANCE OF BONDS:
SOURCE OF ALLOCATION: (Check one or more.)
ISSUER'S ALLOCATION FOR CURRENT YEAR
TRANSFER (Name of Donor: )
CARRYFORWARD FROM PRIOR YEAR
III. FOR TRANSFER:
NAME OF GOVERNMENTAL UNIT TO WHOM
ALLOCATION WAS TRANSFERRED:
DESCRIBE ANY LIMITATIONS ON TRANSFER:
r
A P P L I C A T I O N
REQUEST FOR TRANSFER OF STATE SHARE ALLOCATION
FOR PRIVATE ACTIVITY BONDS
CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE
P.O. Box 1919
915 Capitol Mall, Room 417
Sacramento, CA 95809
(916) 324-0310
NAME OF ISSURER:
ADDRESS:
-COUNTY.-
CONTACT
OUNTY:CONTACT PERSON:
TITLE: PHONE:
ALLOCATION AMOUNT REQUESTED:
(Attach information, on status of allocation and other allocation
already transferred or requested for this project)
PROJECT NAME:
(Attach background description)
TYPE OF FACILIT :
PROJECT LOCATION:
COUNTY:
PROJECT BENEFITS:
(Attach background description)
DATE OF INDUCEMENT RESOLUTION:
(Attach copy of Resolution) _
PROPOSED DATE OF SALE OF BOND:
NAME OF INDIVIDUAL COMPLETING THIS FORM, IF DIFFERENT PROM
CONTACT PERSON NOTED ABOVE:
ADDRESS:
PHONE: DATE OF COMPLETION:
Revised 6/25/85
•
w
A P P L I C A T I O N
REQUEST FOR TRANSFER OF STATE SHARE ALLOCATION
FOR PRIVATE ACTIVITY BONDS
CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE
P.O. Box 1919
915 Capitol Mall, Room 417
Sacramento, CA 95809
(916) 324-0310
NAME OF'ISSURER:
ADDRESS:
COUNTY:
CONTACT PERSON:
TITLE: PHONE:
ALLOCATION AMOUNT REQUESTED:
(Attach information on status of allocation and other allocation
already transferred or requested for this project)
PROJECT,. NAME :
(Attach background description)
TYPE OF FACILITY:
PROJECT LOCATION:
COUNTY:
PROJECT BENEFITS:
(Attach background description)
DATE OF INDUCEMENT RESOLUTION:
(Attach copy of Resolution)
PROPOSED DATE OF SALE OF BOND:
NAME OF INDIVIDUAL COMPLETING THIS FORM, IF DIFFERENT FROM
CONTACT PERSON NOTED ABOVE:
ADDRESS:
PHONE: DATE OF COMPLETION:
Revi-:ed 6/25/85
CITY COUNCIL OF THE CITY OF LODI
RESOLUTION NO. 85-132
A RESOLUTION APPROVING A PROJECT FOR
MINTON COMPANY
WHEREAS the Industrial Development Authority of the
City of Lodi (the "Authority") has accepted and filed with
this City Council an application from Minton Company (the
"Applicant") requesting that the Authority issue its revenue
bonds pursuant to the California Industrial Development
Financing Act, being Title 10 of the California Government
Code, as supplemented and amended (the "Act"), to finance the
acquisition and construction of certain facilities (the
"Project") to be used by the Applicant; and
WHEREAS the Board of Directors of the Authority has
made the determinations required to be made by it pursuant to
Section 91530 of the Act preliminary to the issuance by the
Authority of such revenue bonds; and
WHEREAS this City Council has considered the
information contained in the aforesaid application and has
considered the determinations of the Board of Directors of
the Authority;
NOW, THEREFORE, the City Council of the City of
Lodi doles) resolve as follows:
Section 1. The City Council hereby approves the
Project, subject to fulfillment of all requirements under the
85-132
Act, and approves the issuance of revenue bonds of the
Authority to finance costs of the Project, which bonds and
the interest thereon shall be paid from revenues received by
the Authority from the Applicant pursuant to a financing
agreement with respect to the Project to be entered into
between the Authority and the Applicant.
Section 2. In order to comply with the public
hearing requirements of Section 103(k) of the Internal
Revenue Code of 1954, as amended, the City Council hereby
designates Tunas A. Peterson City Manager of the City, to hold
a public hearing on behalf of the Council with respect to the
proposed issuance of the Bonds, onOctober 4, 1985 at 3:00
of clock p.m. at the City Council The City Clerk is hereby
Chambers, 2 West Pine Street, Lodi, CA
authorized and directed to publish notice of such hearing in
accordance with said Section 103(k).
Section 3. The City Council hereby allocates the
City's private activity bond allocation, as described in
Section 103(n) of the Internal Revenue Code of 1954, as
amended, for the year 1985 to the Project and directs the
Clerk or Deputy Clerk to forward this Resolution to the Board
of Supervisors of the County of San Joaquin in request of an
allocation from the County of the County's private activity
bond allocation in an amount sufficient to enable the
Authority to issue bonds for the Project and, in the event
the County is unable or unwilling -to allocate a portion of
its private activity bond allocation to the Project, the
2
040839-0002-187-3761c 09/13/85
Clerk or Deputy Clerk is hereby directed to request an
allocation from the State by mailing an application to the
California Debt Limit Allocation Committee.
Section 4. The Clerk or a Deputy Clerk is hereby
directed to certify and deliver this Resolution to the
Authority.
Section 5. This Resolution shall take effect
immediately upon its passage.
The foregoing Resolution was passed and adopted by
the City Council of the City of Lodi on September 18 1985,
by the following vote:
AYES Council Members - Olson, Pinkerton, Reid, Snider, and
Hinchman (Mayor)
NAYS: Council Members - None
ABSENT: Council Members - None
c
David M. Hinc a or
ATTEST:
CitY Clerk
Alice M. Reim he
3
040839-0002-187-3761c 09/13/85
ww as?
45V}Yc'xi
CLERK'S CERTIFICATE
I, the undersigned, the City Clerk of the City oX
Lodi, hereby certify that the foregoing is a full, true and
correct copy of a resolution duly introduced and adopted a -t a
special meeting of the City Council of the City of Lodi duly
and regularly held on the lath day of September, 1985, of
which meeting all of the members of said City Council had due
notice and at which a majority thereof were present; and that
said resolution was adopted by the following vote:
AYES: Council MenbPss - Olson, Pinkerton, Reid, Snider, and
Hinchnan (Mayor)
NOES: Council Members - None
ABSENT: Council Members - 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 so adopted
and entered in said minutes; and that said resolution has not
been amended, modified or rescinded since the date of its
adoption and is now in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the City of Lodi this 18th day
of September, 1985.
C&_v/42(,C Clrk
[SEAL) Alice M. Reimche
4
040839-0002-187-3761c
09/13/85
i
CITY COUNCIL OF THE CITY OF LODI
RESOLUTION NO. 85-133
A RESOLUTION APPROVING A PROJECT FOR
WALLACE COMPUTER SERVICES, INC.
WHEREAS the Industrial Development Authority of the
City of Lodi (the "Authority") has accepted and filed with.
this City Council an application from Wallace Computer
Services, Inc. (the "Applicant") requesting that the
Authority issue its revenue bonds pursuant to the California
Industrial Development Financing Act, being Title 10 of the
California Government Code, as supplemented and amended (the
"Act"), to finance the acquisition and construction of
certain facilities (the "Project") to be used by the
Applicant; and
WHEREAS the Board of Directors of the Authority has
made the determinations recruired to be made by it pursuant to
Section 91530 of the Act preliminary to the issuance by the
Authority of such revenue bonds; and
WHEREAS this City Council has considered the
information contained in the aforesaid application and has
considered the determinations of the Board of Directors of
the Authority;
NOW, THEREFORE, the City Council of the City of
Lodi do[es] resolve as follows:
85-133
Section 1. The City Council hereby approves the
Project, subject to fulfillment of all requirements quirements under the
Act, and approves the issuance of revenue bonds of the
Authority to finance costs of the Project, which bonds and
the interest thereon shall be paid from revenues received by
the Authority from the Applicant pursuant to a financing
agreement with respect to the Project to be entered into
between the Authority and.the Applicant.
Section 2. In order to comply with the public
hearing requirements of Section 1O3(k) of the Internal
Revenue Code of 1954, as amended, the City Council hereby
designates Thcmas A. Petersop City Manager of the City, to hold
a public hearing on behalf of the Council with respect to the
proposed issuance of the Bonds, on Oct. 4, 1985 at 3:00
o'clock -P_.ri. at the City Council The City Clerk is hereby.
Chambers, 221 West Pine Street, Lodi, CA
authorized and directed to publish notice of such hearing in
accordance with said Section 1O3(k).
Section 3. The City Council has heretofore
allocated all of the City's private activity bond allocation,
as described in Section 1O3(n) of the Internal Revenue Code
of 1954, as amended, for the year 1985 to another project and
directs the Clerk or Deputy Clerk to forward this Resolution
to the Board of Supervisors of the County of San Joaquin in
request of an allocation from the County of the County's
private activity bond allocation in an amount sufficient to
enable the Authority to issue bonds for the Project and, in
2
000001-04397187-3762c 09/13/85
the event the County is unable or unwilling to allocate a
portion of its private activity bond allocation to the
Project, the Clerk or Deputy Clerk is hereby directed to
request an allocation from the State by mailing an
application to the California Deb;,: Limit Allocation Committee.
., Section 4. The Clerk or a Deputy Clerk is hereby
directed to certify and deliver this Resolution to the
Authority.
Section 5. This Resolution shall take effect
immediately upon its passage.
The foregoing Resolution was passed and adopted by
the City Council of the City of Lodi on September 18 1985,
by the following vote:
AYES: Council. Members - Olson, Pinkerton, Reid, Snider, and
Hindman (Mayor)
NAYS: Council Members - None
ABSENT: Council Members - None
David M. HincVoonr
ATTEST:
X20 0
CitV Clerk
Alice M. Reimcne
3
000001-0439-187-3762c
09/13/85
7"-77777f_.
• Vim• ! �
CLERK'S CERTIFICATE
1
I, the undersigned, the City Clerk of the City of
Lodi, hereby certify that the foregoing is a full, true and
correct copy of a resolution duly introduced and adopted at a
special meeting of the City Council of the City of Lodi duly
and regularly held on the 18th day of September, 1985, of
which meeting all of the members of said City Council had due
notice and at which a majority thereof were present; and that
said resolution was adopted by the following vote:
AYES: Council Members - Olson, Pinkerton, Reid, Snider, and
Hinchnan (Mayor)
NOES: Council Members - None
ABSENT: Council Members - 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 so adopted
and entered in said minutes; and that said resolution has not
been amended, modified or rescinded since the date of its
adoption and is now in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of the City of Lodi this 18th day
Of Septanbes, 1985.
4CVy Clerk
[ SEAL ) Alice M. Reimche
4
000001-0439-187-3762c 09/13/85