HomeMy WebLinkAboutCC RES 25-17Docusign Envelope ID: 61 ABA651-71 1 B-4682-8E58-6E98DBFCF851
RESOLUTION 25-17
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,
CALIFORNIA, AUTHORIZING THE COMMENCEMENT OF PROCEEDINGS IN
CONNECTION WITH THE PROPOSED REFUNDING OF THE OUTSTANDING
CITY OF TUSTIN COMMUNITY FACILITIES DISTRICT NO. 2014-1 (TUSTIN
LEGACY/STANDARD PACIFIC) SPECIAL TAX BONDS, SERIES 2015A, AND
CITY OF TUSTIN COMMUNITY FACILITIES DISTRICT NO. 06-1 (TUSTIN
LEGACY/COLUMBUS VILLAGES) SPECIAL TAX REFUNDING BONDS,
SERIES 2015A AND 2015B, CONFIRMING THE APPOINTMENT OF
PROFESSIONAL SERVICES AND AUTHORIZING CERTAIN OTHER ACTIONS
IN CONNECTION THEREWITH
WHEREAS, the City proposes to refund its outstanding City of Tustin Community
Facilities District No. 2014-1 (Tustin Legacy/Standard Pacific) Special Tax Bonds, Series
2015A, and its City of Tustin Community Facilities District No. 06-1 (Tustin
Legacy/Columbus Villages) Special Tax Refunding Bonds, Series 2015A and 2015B
(collectively, the "2015 CFD Bonds"), for debt service saving; and
WHEREAS, it is proposed that the 2015 CFD Bonds will be refunded from the
proceeds of refunding bonds (the "Bonds"); and
WHEREAS, it is appropriate that the Council formally authorize commencement of
proceedings, to appoint a municipal advisor, a bond counsel, a disclosure counsel and
an underwriter and to approve certain preliminary actions in connection with the
authorization, issuance and sale of the Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF TUSTIN, THAT:
Section 1. The foregoing recitals are hereby incorporated and adopted as the
findings of the City Council.
Section 2. The City Council authorizes appropriate officers and officials of the
City to proceed with the preparation of the necessary documents in connection with the
issuance and sale of the Bonds, subject to the final approval thereof by the Council at a
subsequent meeting.
Section 3. The City Council hereby confirms the appointment of Fieldman,
Rolapp & Associates, Inc. as municipal advisor to the City in connection with the
authorization, issuance and sale of the Bonds.
Section 4. The City Council hereby confirms the appointment of Stradling Yocca
Carlson & Rauth LLP as bond counsel and disclosure counsel in connection with the
authorization, issuance and sale of the Bonds.
Resolution 25-17
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Section 5. The City Council hereby confirms the appointment of Stifel, Nicolaus
& Company Inc. as underwriter in connection with the authorization, issuance and sale of
the Bonds.
Section 6. All actions of the officers, agents and employees of the City that are
in conformity with the purposes and intent of this resolution, whether taken before or after
the adoption hereof, are hereby ratified, confirmed and adopted.
Section 7. The Mayor, the City Manager, the Finance Director and other
appropriate officers and officials of the City are hereby authorized and directed to take
such action and to execute such documents as may be necessary or desirable to
effectuate the intent of this resolution.
Section 8. This Resolution shall take effect immediately upon its adoption by
the City Council of the City of Tustin, and the Clerk of the City Council shall attest to and
certify the vote adopting this Resolution.
APPROVED AND ADOPTED at a regular meeting of the City Council of the City
of Tustin on the 1 St day of April 2025.
Signed by:
' 11�—d-1411
AU TI1N11LUMI3ARD,
Mayor
ATTEST:
Lo
Signed by:
f-ma
Ast'JA
E R -N- A&U DA,
City Clerk
APPROVED AS TO FORM:
Docu Signed by:
"Z7
DA 3 I tE17KEWDIG
City Attorney
Resolution 25-17
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Erica N. Yasuda, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, do hereby certify that the whole number of the members of the City Council of
the City of Tustin is five; that the above and foregoing Resolution No. 25-17 was duly
passed and adopted at a regular meeting of the Tustin City Council, held on the 1st day
of April, 2025, by the following vote:
COUNCILMEMBER AYES: Lumbard, Nielsen, Gallagher, Schnell, Fink (5)
COUNCILMEMBER NOES: (0)
COUNCILMEMBER ABSTAINED: (0)
COUNCILMEMBER ABSENT: (0)
COUNCILMEMBER RECUSED: (0)
DS
Signed by:
Caqeust'J-4
ER DWI#ASSJDA,
City Clerk
Resolution 25-17
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