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ATTY/RESO.3016/CC FIG TREE PACE PROGRAM <br />REV: 9-12-14 PT <br />Page 6 of 15 <br /> <br />EXHIBIT A <br />CEDA Resolution of Intention <br /> <br />RESOLUTION NO. __________ <br /> <br /> <br />RESOLUTION OF THE CALIFORNIA ENTERPRISE DEVELOPMENT <br />AUTHORITY DECLARING INTENTION TO FINANCE INSTALLATION <br />OF DISTRIBUTED GENERATION RENEWABLE ENERGY SOURCES, <br />ENERGY EFFICIENCY AND WATER EFFICIENCY IMPROVEMENTS IN <br />THE CITY OF REDWOOD CITY <br /> <br />WHEREAS, the California Enterprise Development Authority (“CEDA”) is a joint powers <br />authority organized and existing pursuant to the Joint Powers Act (Government Code Section 6500 <br />et seq.) and that certain Joint Exercise of Powers Agreement (the “Agreement”) dated as of June 1, <br />2006, among the cities of Eureka, Lancaster and Selma; and <br /> <br />WHEREAS, CEDA is authorized under the Agreement and Chapter 5 of Division 7 of Title <br />1 of the Government Code of the State of California and in accordance with Chapter 29 of Part 3 of <br />Division 7 of the Streets & Highways Code of the State of California (“Chapter 29”) to authorize <br />assessments to finance the installation of distributed generation renewable energy sources, energy <br />efficiency and water efficiency improvements that are permanently fixed to real property <br />(“Authorized Improvements”); and <br /> <br />WHEREAS, CEDA has obtained authorization from the City of Redwood City (the “City”) <br />located in the County of San Mateo (the “County”) to conduct assessment proceedings and to enter <br />into contractual assessments to finance the installation of Authorized Improvements within the <br />jurisdictional boundaries of the City pursuant to Chapter 29; and <br /> <br />WHEREAS, CEDA desires to declare its intention to establish a Figtree PACE program <br />(“Figtree PACE”) in the City, pursuant to which CEDA, subject to certain conditions set forth <br />below, would enter into contractual assessments to finance the installation of Authorized <br />Improvements in the City. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF <br />THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY, AS FOLLOWS: <br /> <br />Section 1. Findings. The Board of Directors hereby finds and determines the following: <br /> <br />(a) The above recitals are true and correct and are incorporated herein by this reference. <br /> <br />(b) Energy and water conservation efforts, including the promotion of Authorized <br />Improvements to residential, commercial, industrial, or other real property, are <br />9.B. - Page 21