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07/24/2017 RESOLUTION NO. 15611 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING THE ISSUANCE OF THE CALIFORNIA PUBLIC FINANCE AUTHORITY REVENUE NOTES (VERITY HEALTH SYSTEM), SERIES 2017, IN ONE OR MORE SERIES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $25,000,000, FOR THE PURPOSE OF FINANCING WORKING CAPITAL FOR THE OPERATIONS OF VERITY HEALTH SYSTEM AND ITS AFFILIATES AND SUBSIDIARIES AND CERTAIN OTHER MATTERS RELATING THERETO WHEREAS, Verity Health System of California, Inc., a California nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Corporation"), has requested that the California Public Finance Authority (the "Authority") participate in the issuance of one or more series of revenue bonds or notes in an aggregate principal amount not to exceed $25,000,000 (the "Bonds") to finance working capital for the operations of the Corporation and to pay certain issuance costs related to the Bonds; and WHEREAS, the proceeds of the Bonds will be used to pay certain expenses incurred in connection with the issuance of the Bonds, and to finance working capital for operations of the Corporation, its affiliates and subsidiaries, to be expended at one or more facilities located at the following addresses: • 203 Redwood Shores Parkway, Redwood City, CA 94065 • 2131 W. 3rd St, Los Angeles, CA 90057 • 2105 Forest Ave, San Jose, CA 95128 • 1900 Sullivan Ave, Daly City, CA 94015 • 3630 E. Imperial Highway, Lynwood, CA 90262 • 2700 E. Slauson Ave., Huntington Park, CA 90255 • 5953 S. Atlantic Blvd., Maywood, CA 90270 • 9400 No Name Uno, Gilroy, CA 95020 • 2101 Forest Avenue, San Jose, CA 95128 • 600 Marine Blvd., Moss Beach, CA 94038; and WHEREAS, the facilities are owned and/or operated by the Corporation, or a subsidiary or affiliate of the Corporation, each a nonprofit corporation and an organization described in Section 501(c)(3) of Internal Revenue Code of 1986, as amended (the "Code"); and ATTY/RESO.0072/CC RESO APPROVING THE CALIFORNIA PUBLIC FINANCE AUTHORITY REVENUE NOTES RESO. NO. 15611 REV: 07-11-17 RL MUFF NO. 205 Page 1 of 2