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26 of 1981 - A RESOLUTION authorizing the financing of the acquisition, construction and equipping of facilities MAR 3 1 1981 , Salt Lake City, Utah . if March 31, 1981 The Municipal Council of Salt Lake City, Salt Lake County, Utah, met in regular public session on the 31st day of March, 1981, at the hour of 5:00 o'clock P.M., at the regular meeting place of the Municipal Council in Room 301 in the City and County Building, Salt Lake City, Utah. The meeting was duly called to order by the Chairman of the Municipal Council with the following members of the Municipal Council being present, constituting a quorum of the Municipal Council: Palmer DePaulis Chairman Ione M. Davis Councilmember Ronald J. Whitehead Councilmember Sydney R. Fonnesbeck Councilmember Grant Mabey Councilmember Edward W. Parker Councilmember Alice Shearer Councilmember Absent: There were also present: Ted L. Wilson Mayor Katherine L. Barsnick Acting City Recorder Roger Cutler City Attorney After the minutes of the preceding meeting had been duly read and approved, the Acting City Recorder presented to the Municipal Council an affidavit evidencing the giving of not less than twenty-four (24) hours public notice of the agenda, date, time, and place of the March 31, 1981, meeting of the Municipal Council in compliance with the requirements of Section 52-4-6(2), Utah Code Annotated, 1953, as amended, by (1) posting written notice of the meeting at the principal office of the Municipal Council, and (2) providing notice to at least one newspaper of general circulation within the general geographic jurisdiction of said city, or to a local media correspondent. The affidavit was ordered recorded in the minutes of the meeting and is as follows: -2- STATE OF UTAH COUNTY OF SALT LAKE ) I, the undersigned, the duly qualified Acting City Recorder of Salt Lake City, Salt Lake County, Utah, do hereby certify according to the records of said city in my official possession, and upon my own knowledge and belief, that in accordance with the requirements of Section 52-4-6(2), Utah Code Annotated, 1953, as amended, I gave not less than twenty-four (24) hours public notice of the agenda, date, time, and place of the March 31, 1981, public meeting held by the Municipal Council of Salt Lake City, Salt Lake County, Utah, by: (a) causing a Notice of Public Meeting to be posted at the principal office of the Municipal Council at Room 200, City and County Building, Salt Lake City, Utah, on March '1981, at least twenty-four (24) hours before the convening of the meeting, in the form attached hereto as Exhibit A; said Notice of Public Meeting having continuously remained so posted and available for public inspection during regular office hours until the convening of the meeting; and (b) causing a copy of the Notice of Public Meeting in the form attached hereto as Exhibit A to be provided on March.OL 1981, at least twenty-four (24) hours before the convening of the meeting, to The Salt Lake Tribune, a newspaper of general circulation within the geographic jurisdiction of said city, and to each local media correspondent, newspaper, radio station or -3- television station which has requested notification of meetings of the Municipal Council. IN WITNESS WHEREOF, I have hereunto subscribed my official signature and impressed hereon the official seal of Salt Lake City, Salt Lake County, Utah, this 31st day of March, 1981. // � � pp ,, ( Vitkria.J 4 /`L4,!' h/ Acting City Recorder, Salt Lake City, Salt Lake County, Utah [SEAL] -4- EXHIBIT A [Attach Notice of Public Meeting] ADDENDUM TO TOE SALT LAKE CITY COUNCIL AGENDA CITY COUNCIL CHAMBERS R30M 301 CITY AND COUNTY NUILDINC MARCH 31, 190I 5:00 P.M. E. CITY COUNCIL 1. Committee reports and recommendations: h. Consider Resolution approving Loan Agreement. Bond Purchase Agreement and other documents relating to issuanceof Industrial Development Revenue Bonds, totalling$2,500000 for Coutino Cara&Company(Pacific), Inc. -Project Series 1981A and 1981B. DATED March 30, 1981 HY-��1]!A//IGrIU y(. 24/1i.C/11. Acting City Recorder STATE OF UTAH ) ss. COUNTY OF SALT LAKE) On the 30th day of March, 1981 ,I personally delivered a copy of the foregoing notice to the Mayor and City Council and posted copies of the same in conspicuous view at the following times and locations within the City and County Building,Salt Lake City,Utah: 1. At 10:45 a.m.in the City Recorder'.Office,Room 311;and 2. At 10:50 a.m.in the newsroom,Room 301. 17,1 lu.Acta �y Recorder Acting City Recorder Subscribed and sworn to before me this 30th day of March, 1981 t. NOTARY PUBLIC residing in Salt Lake City,Utah My Ga®isalon Expires: J Thereupon, after the conduct of other business not pertinent to the following, the following resolution was introduced in written form by Councilman Shearer , was read in full and pursuant to motion duly made by Councilman Shearer and seconded by Councilman DePaulis and was adopted by the following vote: Aye: Palmer DePaulis Ione M. Davis Ronald J. Whitehead Sydney R. Fonnesbeck Grant Mabey Edward W. Parker Alice Shearer Nay: none The resolution was thereupon presented to and approved and signed by the Mayor in open meeting, was signed by the Chairman of the Municipal Council and was attested and recorded by the Acting City Recorder in the official records of said City. The resolution is as follows: -6- A RESOLUTION authorizing the financing of the acquisition, construction and equipping of facilities suitable for warehousing purposes and authorizing therefor the issuance and sale of $1,250,000 Industrial Development Revenue Bonds (Coutinho, Caro & Co. (Pacific), Inc. Project) Series 1981A; authorizing the execution and delivery of an Indenture of Trust securing said bonds, authorizing the execution and delivery of a Financing Agreement between said city and Coutinho, Caro & Co. (Pacific), Inc. , and authorizing the execution and delivery of various documents in connection with the foregoing, and related matters. *** *** *** *** WHEREAS, Salt Lake City, Salt Lake County, Utah (the "City"), is authorized and empowered by the provisions of the Utah Industrial Facilities Development Act, Chapter 17 of Title 11, Utah Code Annotated, 1953, as amended (the "Act"), to issue its revenue bonds for the purpose of providing funds to finance the acquisition, construction and equipping of facilities suitable for warehousing purposes, and to enter into agreements with others to provide for the payment of such bonds upon such terms and conditions as the City may deem advisable; and WHEREAS, Coutinho, Caro & Co. (Pacific), Inc., a corporation organized and existing under the laws of the State of Delaware (the "Company"), wishes to acquire, construct and equip a warehouse and steel-handling center and related facilities (the "Project") located within the City and constituting a "project" within the meaning of the Act, and the Company wishes to have the City issue its revenue bonds to finance the cost of -7- a portion of the Project pursuant to the provisions of the Act; and WHEREAS, the Act authorizes the City to issue its revenue bonds for the purpose of defraying the cost of financing the Project and all expenses incurred in connection with the authorization, sale and issuance of such bonds, and to secure payment of such bonds as provided in the Act; and WHEREAS, the County finds that it is proper, necessary and desirable to issue its Industrial Development Revenue Bonds (Coutinho, Caro & Co. (Pacific), Inc. Project) Series 1981A, in the principal amount of $1,250,000 (the "Bonds") for the purpose of providing funds to cause financing of the acquisition, construction and equipping of the Project; and WHEREAS, in furtherance of the purposes set forth in the Act, the City wishes to provide for the financing of the Project by the sale and issuance of the Bonds and to authorize such actions as might be required to implement such intention; and WHEREAS, pursuant to and in accordance with the provisions of the Act, the City is now prepared to proceed with financing a portion of the Project and to issue and sell the Bonds to provide the same, such Bonds to be secured by the Indenture (hereinafter defined) and, except to the extent payable from proceeds of the Bonds or moneys from the investment thereof, to be payable solely from the revenues and receipts and other amounts received by the City pursuant to the Financing Agreement (hereinafter defined); and -8- WHEREAS, it is necessary to authorize the execution and' delivery of a Financing Agreement dated as of May 1, 1981 (the "Financing Agreement") between the City and the Company; and WHEREAS, it is necessary for the City to execute and deliver an Indenture of Trust, dated as of May 1, 1981 (the "Indenture") to First Security Bank of Utah, N.A., of Salt Lake City, Utah, as trustee for the holders of the Bonds (the "Trustee"); and WHEREAS, it is necessary for the City to authorize the issuance and confirm the sale of the Bonds to First Security Bank of Utah, N.A., of Salt Lake City, Utah, as purchaser (the "Purchaser") and to execute a Bond Purchase Agreement dated the date of this resolution between the City and the Purchaser (the "Bond Purchase Agreement"); and WHEREAS, it is necessary for the City to authorize the execution and delivery of other certificates, documents and papers and the performance of acts necessary or convenient in connection with the issuance and sale of the Bonds and the imple- mentation of this resolution; and WHEREAS, there have been prepared and presented to, and are before this Municipal Council, the following documents: 1. Form of proposed Financing Agreement (presented before this meeting as Exhibit B). 2. Form of proposed Indenture (presented before this meeting as Exhibit C). 3. Form of Bonds (contained in the Indenture). 4. Form of Bond Purchase Agreement (presented before this meeting as Exhibit D). -9- NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF SALT LAKE CITY, SALT LAKE COUNTY, UTAH, AS FOLLOWS: Section 1. That there is hereby authorized and directed the execution, issuance and sale of $1,250,000 Industrial Development Revenue Bonds (Coutinho, Caro & Co. (Pacific), Inc. Project) Series 1981A of the City for the purposes expressed in the preamble hereto, in fully registered form, bearing interest at the rate of ten and one-half per cent (10.50%) per annum, dated and numbered as provided in the Indenture, and maturing semiannually on April 1 and October 1 of each of the years and in the principal amounts set opposite each year in the following schedule: Maturing on Maturing on April 1 of October 1 of Principal the Years the Years Amounts 1982 $30,000 1982 30,000 1983 35,000 1983 35,000 1984 35,000 1984 40,000 1985 40,000 1985 40,000 1986 45,000 1986 45,000 1987 50,000 1987 50,000 1988 55,000 1988 55,000 1989 60,000 1989 65,000 1990 65,000 1990 70,000 1991 75,000 1991 75,000 1992 80,000 1992 85,000 1993 90,000 -10- and having the form, details and specifications set out in the Indenture. The Bonds shall be executed on behalf of the City with the facsimile signature of the Mayor of the City and attested by the manual signature of the Acting City Recorder and shall have impressed or imprinted thereon the official seal of the City or a facsimile thereof. Section 2. That pursuant to the Act, the City does hereby authorize the financing of the acquisition, construction and equipping of the Project in accordance with the terms of the Financing Agreement and does hereby determine that such financing is in furtherance of the public purposes set forth in the Act and in compliance with the provisions of the Act; and that, therefore, providing for the Project through the issuance and sale of the Bonds is in the public interest. Section 3. That the Financing Agreement substantially in the form presented before this meeting as Exhibit B is hereby authorized to be executed and delivered on behalf of the City by the Mayor and the Acting City Recorder of the City, and said officers are hereby authorized and directed to cause the Financing Agreement to be accepted and executed by the Company. Section 4. That for the purpose of further securing the Bonds, of providing the details thereof and of prescribing the terms and conditions on which the Bonds are to be secured, executed, authenticated, accepted, and held, the Indenture substantially in the form presented before this meeting as Exhibit C is hereby authorized to be executed and delivered on behalf of the City by the Mayor and Acting City Recorder of the City. -11- Section 5. That First Security Bank of Utah, N.A. of Salt Lake City, Utah, is hereby designated as Trustee, paying agent, and bond registrar for the Bonds under the Indenture. Section 6. That the sale of the Bonds to the Purchaser at the price of par, plus accrued interest from May 1, 1981 to the date of delivery, is hereby authorized, approved and confirmed, and the Bond Purchase Agreement substantially in the form presented before this meeting as Exhibit D is hereby authorized to be executed and delivered on behalf of the City by the Mayor and Acting City Recorder of the City. Section 7. That the Mayor, Acting City Recorder, City Treasurer, and such other officers and officials of the City as may be appropriate are hereby authorized to execute and deliver for and on behalf of the City any and all additional certificates, documents, or other papers, and to do any and all things deemed necessary in order to effect the issuance • and sale of the Bonds, and the execution and delivery of the Financing Agreement, the Indenture, and the Bond Purchase Agreement, and to implement and carry out all matters herein authorized and the intent and purpose of this resolution. Section 8. That the Acting City Recorder is hereby authorized and directed to file in the City Recorder's office for inspection by any interested person a copy of the Inden- ture, the Financing Agreement, and the Bond Purchase Agree- ment, and such documents shall be available for inspection by any interested person during normal business hours of said office. -12- Section 2. That after the Bonds are issued, this resolution shall be and remain irrepealable until the Bonds and the interest thereon shall have been fully paid, cancelled and discharged. Section 10. That the City hereby elects to have the provisions of Section 103(b)(6)(D) of the Internal Revenue Code of 1954, as amended, apply to the Bonds authorized by this resolution, and the Mayor or the Acting City Recorder is hereby authorized and directed to file or cause to be filed an appro- priate statement relating to such election with the Internal Revenue Service. Section 11. That within the meaning of the Utah Public Officers' and Employee's Ethics Act (Title 67, Chapter 16, Utah Code Annotated, 1953), no "public officer" or "public employee" of the City, or any member of the Municipal Council, has a "substantial interest" in or is an officer, director, agent, employee or owner of Coutinho, Caro & Co. (Pacific), Inc., or has any direct or indirect pecuniary interest in any contract, lease, purchase, sale, or employment made or to be made in connection with the proposed transaction contemplated by the documents referred to in Sections 3, 4 and 6 hereof. Section 12. That the provisions of this resolution are hereby declared to be separable, and if any section, phrase or provision shall for any reason be declared to be invalid, such declaration shall not effect the validity of the remainder of the sections, phrases and provisions. -13- Section 13. That all resolutions and parts thereof in conflict herewith are hereby repealed to the extent of such conflict. Section 14. That immediately after its adoption, this resolution shall be signed by the Chairman of the Municipal Council and the Acting City Recorder, shall be presented to the Mayor, who shall evidence his approval by signing said resolution, shall be recorded by the Acting City Recorder in a book kept for that purpose, and shall take immediate effect. Section 15. That the Acting City Recorder is hereby directed to cause this resolution to be published one time, pursuant to the provisions of Section 11-17-16 of the Act, in The Salt Lake Tribune, a newspaper published and of general circulation in the City, as soon as is practible following -14- the adoption of this resolution. PASSED AND APPROVED this 31st day of March, 1981. eatAVAIA 644- Chairman of the Municipal Council, Salt Lake City, Salt Lake County, Utah [SEAL] Attested and Countersignead: Acting City Recorder, Salt Lake City, Salt Lake County, Utah Appro 41100.- Ma'.r, S. t Lake City, Salt Lake County, Utah Approved as to form: Salt e y Attor ey -15- EXHIBIT B [Attach Series 1981A Financing Agreement Here] -16- EXHIBIT C [Attach Series 1981A Indenture Here] —17— EXHIBIT D [Attach Series 1981A Bond Purchase Agreement Here] -18- The following resolution was then introduced in written form by Councilman Shearer , and was read in full and in detail. After due discussion of the matters contained in the said resolution, a call for a vote of adoption and approval thereof was made by the Chairman, whereupon the resolution was adopted and approved by the following vote: Aye: Palmer DePaulis Ione M. Davis Ronald J. Whitehead Sydney R. Fonnesbeck Grant Mabey Edward W. Parker Alice Shearer Nay: none The resolution was thereupon presented to and approved and signed by the Mayor in open meeting, was signed by the Chairman of the Municipal Council and attested by the Acting City Recorder and recorded in the official records of the City. The resolution is as follows: —19— • A RESOLUTION authorizing the financing of the acquisition, construction and equipping of facilities suitable for warehousing purposes and authorizing therefor the issuance and sale of $1,250,000 Industrial Development Revenue Bonds (Coutinho, Caro & Co. (Pacific), Inc. Project) Series 1981B; authorizing the execution and delivery of an Indenture of Trust securing said bonds, authorizing the execution and delivery of a Financing Agreement between said City and Coutinho, Caro & Co. (Pacific), Inc., and authorizing the execution and delivery of various documents in connection with the foregoing, and related matters. *** *** *** WHEREAS, Salt Lake City, Salt Lake County, Utah (the "City") is authorized and empowered by the provisions of the Utah Industrial Facilities Development Act, Chapter 17 of Title 11, Utah Code Annotated, 1953, as amended (the "Act"), to issue its revenue bonds for the purpose of providing funds to finance the acquisition, construction and equipping of facilities suitable for warehousing purposes, and to enter into agreements with others to provide for the payment of such bonds upon such terms and conditions as the City may deem advisable; and WHEREAS, Coutinho, Caro & Co. (Pacific), Inc., a corporation organized and existing under the laws of the State of Delaware (the "Company"), wishes to acquire, construct and equip a warehouse and steel-handling center and related facilities (the "Project") located within the City and consti- tuting a "project" within the meaning of the Act, and the -20- Company wishes to have the City issue its revenue bonds to finance the cost of a portion of the Project pursuant to the provisions of the Act; and WHEREAS, the Act authorizes the City to issue its revenue bonds for the purpose of defraying the cost of financing the Project and all expenses incurred in connection with the authorization, sale and issuance of such bonds, and to secure payment of such bonds as provided in the Act; and WHEREAS, the City finds that it is proper, necessary and desirable to issue its Industrial Development Revenue Bonds (Coutinho, Caro & Co. (Pacific), Inc. Project) Series 1981B in the principal amount of $1,250,000 (the "Bonds") for the purpose of providing funds to cause financing of the acquisi— tion, construction and equipping of the Project; and WHEREAS, in furtherance of the purposes set forth in the Act, the City wishes to provide for the financing of the Project by the sale and issuance of the Bonds and to authorize such actions as might be required to implement such intention; and WHEREAS, pursuant to and in accordance with the provisions of the Act, the City is now prepared to proceed with financing a portion of the Project and to issue and sell the Bonds to provide the same, such Bonds to be secured by the Indenture (hereinafter defined) and, except to the extent payable from proceeds of the Bonds or moneys from the investment thereof, to be payable solely from the revenues and receipts —21— • and other amounts received by the City pursuant to the Financing Agreement (hereinafter defined); and WHEREAS, it is necessary to authorize the execution and delivery of a Financing Agreement dated as of May 1, 1981 (the "Financing Agreement") between the County and the Company; and WHEREAS, it is necessary for the City to execute and deliver an Indenture of Trust, dated as of May 1, 1981 (the "Indenture") to First Security Bank of Utah, N.A., as trustee for the holders of the Bonds (the "Trustee"); and WHEREAS, it is necessary for the City to authorize the issuance and confirm the sale of the Bonds to European American Banking Corporation of New York, New York, as purchaser (the "Purchaser") and to execute a Bond Purchase Agreement dated the date of this resolution between the City and the Purchaser (the "Bond Purchase Agreement"); and WHEREAS, it is necessary for the City to authorize the execution and delivery of other certificates, documents and papers and the performance of acts necessary or convenient in connection with the issuance and sale of the Bonds and the implementation of this resolution; and WHEREAS, there have been prepared and presented to, and are before this Municipal Council the following documents: —22— 1. Form of proposed Financing Agreement (presented before this meeting as Exhibit E). 2. Form of proposed Indenture (presented before this meeting as Exhibit F). 3. Form of Bonds (contained in the Indenture). 4. Form of Bond Purchase Agreement (presented before this meeting as Exhibit G). NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF SALT LAKE CITY, SALT LAKE COUNTY, UTAH, AS FOLLOWS: Section 1. That there is hereby authorized and directed the execution, issuance and sale of $1,250,000 Industrial Development Revenue Bonds (Coutinho, Caro & Co. (Pacific), Inc. Project) Series 1981B of the City for the purposes expressed in the preamble hereto, in fully registered form, bearing interest at the rate of nine per cent (9%) per annum, dated and numbered as provided in the Indenture, and maturing on April 1 of each of the years and in the principal amount set opposite each year in the following schedule: Maturing on April 1 of the Years Principal Amounts 1984 $135,000 1985 135,000 1986 135,000 1987 135,000 1988 135,000 1989 135,000 1990 135,000 1991 135,000 1992 170,000 and having the form, details and specifications set out in the Indenture. The Bonds shall be executed on behalf of the -23- City with the facsimile signature of the Mayor of the City and attested by the manual signature of its Acting City Recorder and shall have impressed or imprinted thereon the official seal of the City or a facsimile thereof. Section 2. That pursuant to the Act, the City does hereby authorize the financing of the acquisition, construction and equipping of the Project in accordance with the terms of the Financing Agreement and does hereby determine that such financing is in furtherance of the public purposes set forth in the Act and in compliance with the provisions of the Act; and that, therefore, providing for the Project through the issuance and sale of the Bonds is in the public interest. Section 3. That the Financing Agreement substantially in the form presented before this meeting as Exhibit E is hereby authorized to be executed and delivered on behalf of the City by the Mayor and the Acting City Recorder of the City and said officers are hereby authorized and directed to cause the Financing Agreement to be accepted and executed by the Company. Section 4. That for the purpose of further securing the Bonds, of providing the details thereof and of prescribing the terms and conditions on which the Bonds are to be secured, executed, authenticated, accepted, and held, the Indenture substantially in the form presented before this meeting as Exhibit F is hereby authorized to be executed and delivered on behalf of the City by the Mayor and Acting City Recorder of the City. -24- Section 5. That First Security Bank of Utah, N.A.; of Salt Lake City, Utah, is hereby designated as Trustee, paying agent, and bond registrar for the Bonds under the Indenture. Section 6. That the sale of the Bonds to the Purchaser at the price of par, plus accrued interest from May 1, 1981 to the date of delivery, is hereby authorized, approved and confirmed, and the Bond Purchase Agreement substantially in the form presented before this meeting as Exhibit F is hereby authorized to be executed and delivered on behalf of the City by the Mayor and Acting City Recorder of the City. Section 7. That the Mayor, Acting City Recorder, City Treasurer, and such other officers and officials of the City as may be appropriate are hereby authorized to execute and deliver for and on behalf of the City any and all additional certificates, documents, or other papers, and to do any and all things deemed necessary in order to effect the issuance and sale of the Bonds, and the execution and delivery of the Financing Agreement, the Indenture, and the Bond Purchase Agreement and to implement and carry out all matters herein authorized and the intent and purpose of this resolution. Section 8. That the Acting City Recorder is hereby authorized and directed to file in the City Recorder's office for inspection by any interested person a copy of the Indenture, the Financing Agreement and the Bond Purchase Agreement, and -25- such documents shall be available for inspection by any interested person during normal business hours of said office. Section 9. That after the Bonds are issued, this resolution shall be and remain irrepealable until the Bonds and the interest thereon shall have been fully paid, cancelled and discharged. Section 10. That the City hereby elects to have the provisions of Section 103(b)(6)(D) of the Internal Revenue Code of 1954, as amended, apply to the Bonds authorized by this resolution, and the Mayor or Acting City Recorder is hereby authorized and directed to file or cause to be filed an appro- priate statement relating to such election with the Internal Revenue Service. Section 11. That within the meaning of the Utah Public Officers' and Employee's Ethics Act (Title 67, Chapter 16, Utah Code Annotated, 1953), no "public officer" or "public employee" of the City, or any member of the Municipal Council, has a "substantial interest" in or is an officer, director, agent, employee or owner of Coutinho, Caro & Co. (Pacific), Inc., or has any direct or indirect pecuniary interest in any contract, lease, purchase, sale, or employment made or to be made in connection with the proposed transaction contemplated by the documents referred to in Sections 3, 4 and 6 hereof. Section 12. That the provisions of this resolution are hereby declared to be separable, and if any section, phrase or provision shall for any reason be declared to be -26- invalid, such declaration shall not effect the validity of the remainder of the sections, phrases and provisions. Section 13. That all resolutions and parts thereof in conflict herewith are hereby repealed to the extent of such conflict. Section 14. That immediately after its adoption, this resolution shall be signed by the Chairman of the Municipal Council and the Acting City Recorder, shall be presented to the Mayor, who shall evidence his approval by signing said resolution, shall be recorded by the Acting City Recorder in a book kept for that purpose, and shall take immediate effect. Section 15. That the Acting City Recorder is hereby directed to cause this resolution to be published one time, pursuant to the provisions of Section 11-17-16 of the Act, in The Salt Lake Tribune, a newspaper published and of general circulation in the City, as soon as may be practicable following -27- adoption of this resolution. PASSED AND APPROVED this 31st day of March, 1981. f� L2 f Ch irman of the Municipal Council, Salt Lake City, Salt Lake County, Utah [SEAL] Attested and Countersigned: 13oA441A1 sting City Recorder, Salt Lake City, Salt Lake County, Utah Appro Mayor, Salt Lake City, Salt Lake County, Utah Approved as to form: Salt L e City ttor ey By �✓ �1//���11 -28- EXHIBIT E [Attach Series 1981B Financing Agreement Here] —29— EXHIBIT F [Attach Series 1981B Indenture Here] -30- EXHIBIT G [Attach Series 1981B Bond Purchase Agreement Here] -31- (Other business not pertinent to the above appears in the minutes of the meeting.) Pursuant to motion duly made and carried, the meeting of the Municipal Council was adjourned. Charman, Municipal Council Attest: 0 /yy�� Acting City Recorder -32- STATE OF UTAH COUNTY OF SALT LAKE ) I,Katherine L.Barsnick,the duly qualified Acting City Recorder of Salt Lake City, Salt Lake County, Utah, do hereby certify, according to the records of said city in my official possession, that the above and foregoing constitutes a true and correct copy of excerpts from the minutes of a regular public meeting of the Municipal Council of Salt Lake City, Salt Lake County, Utah, held on March 31, 1981, including a resolution adopted at said meeting, as said minutes and resolution are officially of record in my possession. Said resolution has not been amended as of the date hereof. IN WITNESS WHEREOF, I have hereunto subscribed my official signature and impressed hereon the corporate seal of Salt Lake City, Salt Lake County, Utah, this 31st day of March, 1981. \—ir/7 J Rc ingRecorder [SEAL] PCM:vs 3-23-81 -33- Resolution No. __ fi • gy_City Council_ iforWaiisysYcNiliK Authorizing the issuance and sale of $2,500,000 Industrial Development Revenue Bonds to Coutinho, Caro & Company (Pacific), Inc., authorizing the execution of an Indenture of Trust, authorizing the execution of a Financing Agreement, and authorizing the execution of various documents. 31.