HomeMy WebLinkAboutAgendas - Municipal Property Corporation Board - 5/19/1999 (3) AGENDA
ORO VALLEY MUNICIPAL PROPERTY CORPORATION
STUDY SESSION
MAY 19, 1999
ORO VALLEY TOWN COUNCIL CHAMBERS
11,000 N. LA CANADA DRIVE
CALL TO ORDER: 5:00 P.M.
ROLL CALL
1. APPROVAL OF MINUTES-APRIL 5, 1999
2. RESOLUTION NO. MPC 99-01 - RESOLUTION APPROVING THE
FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF
THE FIRST AMENDMENT TO LEASE-PURCHASE AGREEMENT, A
FACILITIES LEASE, A CONTINUING DISCLOSURE AGREEMENT, AN
AGENCY AGREEMENT, A DEPOSITORY TRUST AGREEMENT AND
A PRELIMINARY OFFICIAL STATEMENT; APPROVING THE
EXECUTION OF A FIRST SUPPLEMENT TO TRUST INDENTURE;
AUTHORIZING THE PREPARATION AND APPROVAL OF A FINAL
OFFICIAL STATEMENT; APPROVING THE ISSUANCE OF NOT TO
EXCEED $5,000,000 TOWN OF ORO VALLEY MUNICIPAL PROPERTY
CORPORATION EXCISE TAX REVENUE BONDS, SERIES 1999,
SECURED BY RENTAL PAYMENTS MADE PURSUANT TO THE
LEASE-PURCHASE AGREEMENT BETWEEN THE TOWN OF ORO
VALLEY, ARIZONA AND THE TOWN OF ORO VALLEY MUNICIPAL
PROPERTY CORPORATION, AS AMENDED BY THE FIRST
AMENDMENT THERETO; APPROVING THE PLEDGE OF EXCISE
TAXES AND NET REVENUES OF THE WATER SYSTEMS AS
SECURITY FOR THE RENTAL PAYMENTS; AUTHORIZING THE
NEGOTIATION OF A PURCHASE AGREEMENT CONCERNING THE
SALE OF THE CORPORATION'S BONDS; SETTING CONDITIONS
AND PARAMETERS WITH RESPECT TO SUCH SALE; AUTHORIZING
THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE
CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY
THIS RESOLUTION; DELEGATING CERTAIN DUTIES; AND
DECLARING AN EMERGENCY.
ADJOURNMENT
POSTED: 5/11/99
12:00 NOON
LH