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8.B. - Page 5 <br /> between the Port and U.S. Bank Trust National Association, since succeeded by U.S. <br /> Bank National Association as trustee (the "Trustee), and caused the issuance of its <br /> Revenue Bonds, Series 1999 (the "Series 1999 Bonds") pursuant to a First Supplemental <br /> Indenture, dated as of April 1, 1999 (the "First Supplemental Indenture"), by and between <br /> the Port and the Trustee; and <br /> WHEREAS, on November 24, 1998, the Port held a duly noticed public hearing <br /> concerning the 1999 Bonds and the nature and location of the facilities, after which the <br /> Board of Port Commissioners of the Port adopted its Resolution No. P-1622 and its <br /> Resolution No. P-1628 approving the issuance of the 1999 Bonds and the City Council <br /> adopted its Resolution No. 13529 approving the issuance of the 1999 Bonds; and <br /> WHEREAS, the Board of Port Commissioners of the Port issued the 1999 Bonds <br /> to provide financing for improvements to certain facilities of the Port, including the <br /> remediation of a hazardous waste site at the Port; and <br /> WHEREAS, the Board of Port Commissioners of the Port subsequently issued its <br /> Revenue Bonds, Series 2012 (the "2012 Bonds") pursuant to a Second Supplemental <br /> Indenture, dated as of June 1, 2012 (the "Second Supplemental Indenture"), by and <br /> between the Port and the Trustee; and <br /> WHEREAS, the Board of Port Commissioners will prepay its obligations under the <br /> DBW Contract prior to the issuance of the 2015 Bonds; and <br /> WHEREAS, the debt service on the 1999 Bonds and the 2012 Bonds are secured <br /> by and payable from "Net Revenues" of the "Enterprise," as those terms are defined in <br /> the Master Indenture; and <br /> ATTY/RES0.3072/CC RESO APPROVING ISSUANCE OF PORT REFUNDING REVENUE BONDS <br /> REV:04-01-15 MLG <br /> Page 2 of 4 <br />