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10/24/2016 RESOLUTION NO. 15534 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPOINTING CONSULTANTS, PROVIDING AUTHORIZATION TO ENTER INTO CONTRACTS AND DIRECTING STAFF TO TAKE CERTAIN ACTIONS IN CONNECTION WITH THE REFUNDING OF OUTSTANDING PUBLIC FINANCING AUTHORITY WATER REVENUE BONDS, SERIES 2007A AND APPOINTING JONES HALL, A PROFESSIONAL CORPORATION , TO PROVIDE BOND DISCLOSURE TRAINING TO CITY STAFF AND CITY COUNCIL WHEREAS , the City of Redwood City (the "City") wishes to cause the City of Redwood City Public Financing Authority (the "Authority") to issue water revenue bonds (the "2017 Bonds") for the purpose of refinancing the outstanding City of Redwood City Public Financing Authority Water Revenue Bonds, Series 2007A (the "2007 Bonds") and the City's installment payment obligation related to the 2007 Bonds; and WHEREAS , the City Council desires to appoint William Euphrat Municipal Finance, Inc. , San Francisco , California, as municipal advisor for the public offering of the 2017 Bonds; and WHEREAS, the City Council desires to appoint Jones Hall , A Professional Law Corporation , San Francisco, California, (a) as bond counsel for the public offering of the 2017 Bonds and (b) to provide bond disclosure training to City staff and the City Council in compliance with the City's Debt Disclosure Policies and Procedures; and WHEREAS , the City Council desires to appoint Quint & Thimmig LLP, San Francisco, California, as disclosure counsel for the public offering of the 2017 Bonds; and WHEREAS, the City Council wishes to direct City staff to prepare all necessary proceedings and documentation for the proposed refinancing . NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redwood City as follows: Section 1 . The above recitals are true and correct. Section 2. The City Council hereby acknowledges receipt of the proposal of the firm of William Euphrat Municipal Finance, Inc. to act as municipal advisor to the City in connection with the issuance of the 2017 Bonds . The City Council hereby authorizes and directs the Assistant City Manager of Administrative Services to execute and deliver an agreement with said firm for its services; provided that: (a) the agreement is consistent with said firm's proposal heretofore submitted to the City and contains terms (including those regarding compensation) no less favorable to the City than as set forth in such proposal , and (b) any and all compensation to such firm under the agreement is payable solely from the proceeds of the 2017 Bonds. ATTY/RES0.0097/CC RESO WATER BOND REFUNDING RESO. NO. 15534 REV: 10-14-16 JS MUFF NO. 505 Page 1 of 2