HomeMy WebLinkAboutAgendas - Municipal Property Corporation Board - 3/6/1996 AGENDA
ORO VALLEY MUNICIPAL PROPERTY CORPORATION
MEETING
MARCH 6, 1996
ORO VALLEY COUNCIL CHAMBERS
11,000 N. LA CANADA DRIVE
CALL TO ORDER - AT OR AFTER 4:00 P.M.
ROLL CALL
1. RESOLUTION NO. (R)MPC96-04 - APPROVING THE FORM OF AND
AUTHORIZING THE EXECUTION AND DELIVERY OF A LEASE-PURCHASE
AGREEMENT RELATIVE TO THE LEASE OF ONE OR MORE DOMESTIC
WATER SYSTEMS WITH AN OPTION TO PURCHASE, A TRUST INDENTURE,
A CONTINUING DISCLOSURE AGREEMENT, A BOND PURCHASE
AGREEMENT AND A PRELIMINARY OFFICIAL STATEMENT; AUTHORIZING
THE PREPARATION AND APPROVAL OF A FINAL OFFICIAL STATEMENT;
APPROVING THE ISSUANCE OF TOWN OF ORO VALLEY MUNICIPAL
PROPERTY CORPORATION ("CORPORATION"), MUNICIPAL WATER SYSTEM
ACQUISITION BONDS, SERIES 1996, SECURED BY RENTAL PAYMENTS
MADE PURSUANT TO THE LEASE-PURCHASE AGREEMENT BETWEEN THE
TOWN OF ORO VALLEY, ARIZONA AND THE CORPORATION, SAID LEASE-
PURCHASE AGREEMENT TO BE ASSIGNED TO A TRUSTEE; ACCEPTING
THE PLEDGE OF EXCISE TAXES AND NET REVENUES OF THE WATER
SYSTEMS AS SECURITY FOR THE RENTAL PAYMENTS; RATIFYING THE
ESTABLISHMENT OF ESCROW ACCOUNTS FOR PURPOSES OF CLOSING
THE WATER COMPANY ACQUISITION TRANSACTIONS CONTEMPLATED BY
THE ASSET PURCHASE AGREEMENT BETWEEN THE CORPORATION AND
CANADA HILLS WATER COMPANY LIMITED PARTNERSHIP, DATED
FEBRUARY 6, 1996, AND THE ASSET PURCHASE AGREEMENT BETWEEN
THE CORPORATION AND RANCHO VISTOSO WATER COMPANY, DATED
FEBRUARY 22, 1996; 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: 3/4/96
12:00 p.m.
JR