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C. Approval by the City Council of the City of Redwood City and the City of Redwood City Public Financing Authority Board of Directors of bond financing documents in connection with the issuance of City of Redwood City Public Financing Authority (the "PFA") Water Revenue Bonds — City Council and Public Financing Authority Recommendation: In connection with the sale of not more than $36 million PFA Water Revenue Bonds to finance water recycling project expenditures projected to be made over the next 12 months and to reimburse the water fund for capital appropriations previously made in connection with this project, adopt a resolution approving, in substantially final form: • An Installment Purchase Contract (City and PFA); • An Indenture of Trust (PFA); • A Continuing Disclosure Agreement with the trustee for the 2005 Bonds (City); • A Preliminary Official Statement and its distribution (City and PFA); • An Official Notice of Sale (City and PFA); and, • Authorizing all actions specified in the resolution in connection with the issuance of the Water Revenue Bonds. (505) M/S Foust/Howard to adopt a resolution: 1. (City Council) RESOLUTION 14625 OF THE COUNCIL OF THE CITY OF REDWOOD CITY AUTHORIZING PROCEEDINGS AND AGREEMENTS RELATING TO THE FINANCING OF CERTAIN WATER FACILITIES, APPROVING ISSUANCE AND SALE OF BONDS BY THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY, APPROVING AN OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL ACTIONS The motion passed by a unanimous roll call vote. Foust/Hartnett/Howard to adopt a resolution: II. (Public Financing Authority) RESOLUTION PFA 05 -01 OF THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $36,000,000 PRINCIPAL AMOUNT OF WATER REVENUE BONDS, SERIES 2005A, AUTHORIZING AND DIRECTING EXECUTION OF AN INDENTURE OF TRUST AND AN INSTALLMENT PURCHASE CONTRACT, AUTHORIZING THE SALE OF BONDS PURSUANT TO A NOTICE OF SALE, APPROVING AN OFFICIAL STATEMENT AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO The motion passed by a unanimous roll call vote. CITY COUNCIL, REDEVELOPMENT AGENCY, AND JANUARY 24, 2005 PUBLIC FINANCING AUTHORITY JOINT MEETING MINUTES PAGE 8 MINUTES Book No. 60 Page No. 389