20030624 r2003-14RESOLUTION NO. 2003-14
RESOLUTION AMENDING A RESOLUTION
ENTITLED "RESOLUTION AUTHORIZING THE
ISSUANCE AND SALE OF A GENERAL OBLIGATION
PUBLIC IMPROVEMENT REFUNDING BOND, SERIES
2003, OF THE CITY OF FAIRFAX, VIRGINIA, IN A
PRINCIPAL AMOUNT NOT TO EXCEED $3,500,000,
PROVIDING FOR THE FORM, DETAILS AND
PAYMENT THEREOF, AND PROVIDING FOR THE
REFUNDING OF THE CITY'S GENERAL OBLIGATION
WATER REFUNDING BONDS, SERIES OF 1993,"
ADOPTED FEBRUARY 11, 2003
WHEREAS, on February 11, 2003, the Council (the "City Council") of the City of Fairfax,
Virginia (the "City"), adopted a resolution (the "Resolution") authorizing the issuance and
sale of a General Obligation Public Improvement Bond, Series 2003, to refund its $7,405,000
General Obligation Water Refunding Bonds, Series of 1993 (the "1993 Bonds"); and
WHEREAS, pursuant to the Resolution, the City intended to call the 1993 Bonds for
redemption on June 1, 2003; and
WHEREAS, desires to amend the Resolution to change the redemption date of the 1993
Bonds to July 15, 2003;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAIRFAX,
VIRGINIA:
1. Amendment and Restatement of Section 8 of the Resolution. Section 8 of
the Resolution is hereby amended and restated, as follows:
8. Redemption of Refunded Bonds. The City Manager is
authorized and directed to determine which maturities of the Refunded Bonds,
if any, shall be refunded. If any maturities are to be refunded, such maturities
are hereby irrevocably called for redemption on July 15, 2003 (the
"Redemption Date"). The City shall cause notice of redemption to be given in
accordance with the resolution providing for the issuance of the Refunded
Bonds to the registered owners of the Refunded Bonds. If the City Manager
determines, with the assistance of the Financial Advisor, that it is not in the
City's best interests to refund any maturities of the Refunded Bonds, then no
Bonds shall be issued pursuant to this Resolution.
2. Ratification of Resolution. The City Council hereby ratifies all other
provisions of the Resolution.
3. Other Actions. All other actions of officers of the City in conformity with the
purposes and intent of the Resolution and in furtherance of the issuance and sale of the Bonds
are approved and confirmed. The officers of the City are authorized and directed to execute
and deliver all certificates and instruments and to take all such further action as may be
considered necessary or desirable in connection with the refunding of the 1993 Bonds.
4. Effective Date. This Resolution shall take effect immediately.
Adopted this 24th day of June, 2003.
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ATTEST:
/City Clerk~, - ~' --'
(SEAL)
The vote on the resolution was recorded as follows:
Councilwoman Cross Aye
Councilman Greenfield Aye
Councilwoman Lyon Aye
Councilman Rasmussen Aye
Councilman Silverthome Aye
Councilwoman Winter Aye