ORD 2676 „,;.; .,;
ORDINANCE NO . wn .:
AN ORDINANCE authorizing the execution of a Local Agency
Financing Lease with the Washington Finance Offices Association
relating to the construction and improvement of the Lacamas Lake
Lodge Facility .
WHEREAS , the City of Camas (the " Local Agency " ) has executed a Notice of Intent to
the Office of State Treasurer , in the form attached hereto as Annex 1 (the " NOI " ) , in relation to
the construction of and the financing of construction of a community center ( collectively , the
" improvement " ) of the property, as defined below , under the provisions of RCW Chapter 39 . 94 ;
and
WHEREAS , it is deemed necessary and advisable by the city council of the Local Agency
that the Local Agency improve the real property identified on Annex 1 attached hereto
( " property " ) ; and
WHEREAS , it is deemed necessary and advisable by the city council of the Local Agency
that the Local Agency enter into a Local Agency Site Lease with the Washington Finance
Officers Association in the form attached hereto as Annex 2 to facilitate the improvement ; and
WHEREAS , it is deemed necessary and advisable by the city council of the Local Agency
that the Local Agency enter into a Local Agency Financing Lease with the Office of the State
Treasurer , in the form attached hereto as Annex 3 (the " Local Agency Financing Lease " ) , in an
amount not to exceed $ 1 , 850 , 000 , plus related financing costs in order to improve the Property
and finance the improvement of the property ; and
WHEREAS , the Local Agency will undertake to improve the property on behalf of and as
agent of the Washington Finance Officers Association (the " Corporation ' ) pursuant to the terms
of the Local Agency Financing Lease , and in accordance with all applicable purchasing statutes
and regulations applicable to the Local Agency ; and
WHEREAS , the Local Agency desires to appoint the individuals set forth in Annex 4 as
the representatives of the Local Agency in connection with the improvement of the property and
execution of the Local Agency Financing Lease ( each an " Authorized Agency Representative
now therefore
THE COUNCIL OF THE CITY OF CAMAS DO ORDAIN AS FOLLOWS :
Section I
The individuals holding the offices or positions set forth in Annex 4 are each hereby
appointed as a representative of the Local Agency in connection with the improvement of the
property and execution of the Local Agency Financing Lease and all other related documents . A
minimum of one Authorized Agency Representative shall be required to execute any one
document in order for it to be considered duly executed on behalf of the Local Agency .
Section II
The form of the Local Agency Site Lease attached hereto as Annex 2 is hereby approved
and the Authorized Agency Representatives are hereby authorized and directed to execute and
deliver the Local Agency Site Lease , in substantially the form attached hereto with such changes
as may be approved by the Authorized Representatives , to facilitate the improvement of the
Property and the financing of improvements of the property .
Section III
The form of the Local Agency Financing Lease attached hereto as Annex 3 is hereby
approved and the Authorized Agency Representatives are hereby authorized and directed to
execute and deliver the Local Agency Financing Lease , in an amount not to exceed $ 1 , 8 5 0 , 000
plus related financing costs , and in substantially the form attached hereto with such changes as
may be approved by the Authorized Representatives for the improvement of the property and
financing of the improvement of the property and related financing costs .
Section IV
The Local Agency hereby authorizes the improvement of the property as agent of the
Corporation in accordance with the terms and provisions of the Local Agency Financing Lease .
Section V
The Authorized Representatives are hereby authorized to execute and deliver to the
Office of State Treasurer all other documents , agreements and certificates , and to take all other
action , which they deem necessary or appropriate in connection with the financing the
improvement of the property , including , but not limited to , any amendment to the NOI , any tax
certificate and any agreements relating to initial and ongoing disclosure in connection with the
offering of securities related to the financing .
Section VI
This ordinance shall take effect and be in force from and after its passage and five day
following it publication as required by law .
f
PASSED by the Council and APPROVED by the Ma or this day of June , 2013 ,
SIGNED : _
Mayor
ATTEST : kLwow
lerk
APPROVED as to form :
City Attorney