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________________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ December 18, 2017 <br />PUBLIC FINANCING AUTHORITY MEETING AGENDA PAGE 5 <br /> <br /> Recommendation: <br /> Adopt a resolution accepting the annual report for fiscal year 2016-2017 <br />from the Redwood City Improvement Association Community Benefit <br />Improvement District and authorizing the organization to implement the <br />services identified in the Management District Plan <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY <br />ACCEPTING THE ANNUAL REPORT FROM THE REDWOOD CITY <br />IMPROVEMENT ASSOCIATION <br /> <br /> 4. Section - Ordinance(s) - None <br /> <br /> 5. Section - Claim(s) and Check(s) <br /> <br /> A. Approve claims and checks dated December 18, 2017 and the usual <br />and necessary payments through January 8, 2018 <br /> <br /> Staff contact: Kimbra McCarthy, Assistant City Manager 780-7072 <br />kmccarthy@redwoodcity.org <br /> <br />7. PUBLIC HEARING(S) AGENDA PAGE NUMBER 314 <br /> <br /> A. Conduct a public hearing and adopt a resolution approving the <br />issuance of tax-exempt notes by the California Public Finance <br />Authority for the benefit of Verity Health System of California, Inc. <br /> <br /> Staff contact: Catherine Ralston, Economic Development Manager 780-7204 <br />cralston@redwoodcity.org <br /> <br />1. Staff Report; <br /> <br />2. Open public hearing; <br /> <br />3. Hear public comment; <br /> <br />4. Close public hearing; <br /> <br />5. Council discussion; <br /> <br /> Recommendation: <br />1. Conduct a public hearing on the issuance of tax-exempt notes (the <br />2017 Notes) by the California Public Finance Authority (CalPFA) for <br />the benefit of Verity Health System of California, Inc. (Verity Health) in <br />an aggregate amount not to exceed $25,000,000 to finance and <br />refinance working capital needs of Verity Health for oper ating costs at <br />its headquarters located in the City of Redwood City and at health <br />care facilities in other communities in California operated by Verity <br />Health and its affiliates; and <br />