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Res06 PFA 06-01
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Res06 PFA 06-01
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Last modified
1/26/2006 9:17:08 AM
Creation date
1/25/2006 4:39:16 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Agency Type
Public Finance Authority
Date
1/23/2006
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<br />and the Official Statement, and wishes at this time to approve said transactions in the <br /> <br />public interests of the Authority. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY <br />THE REDWOOD CITY PUBLIC FINANCING AUTHORITY, AS FOLLOWS: <br /> <br />Section 1. <br /> <br />Issuance of Bonds; Approval of Indenture. The findings set forth in <br /> <br />the recitals hereof are true and correct. The Authority hereby authorizes the issuance of <br /> <br />the Bonds under and pursuant to the Act and the Indenture in the aggregate principal <br /> <br />amount of not to exceed $26,000,000 for the purposes hereinbefore described. The <br /> <br />Authority hereby approves the Indenture in substantially the form on file with the <br /> <br />Secretary together with any additions thereto or changes therein deemed necessary or <br /> <br />advisable by the Chairperson, the Executive Director, the Finance Director or the <br /> <br />Treasurer (collectively, the "Authorized Officers"), upon consultation with Authority <br /> <br />Counsel and bond counsel, whose execution thereof shall be conclusive evidence of the <br /> <br />approval of any such additions and changes. Such changes and additions shall include, <br /> <br />without limitation, the insertion in the Indenture of the final annual maturities and final <br /> <br />aggregate principal amount of the Bonds and the final annual interest rates payable with <br /> <br />respect to the Bonds. Each of the Authorized Officers are hereby authorized and <br /> <br />directed to execute, and the Secretary is hereby authorized and directed to attest, the <br /> <br />final form of the Indenture for and in the name and on behalf of the Authority. The <br /> <br />Authority hereby authorizes the delivery and performance of the Indenture. <br /> <br />The Authority hereby finds and determines that the issuance of the Bonds and <br /> <br />the related transactions authorized hereunder will result in significant public benefits to <br /> <br />Atty/Reso/Reso.1590 <br />011006 <br /> <br />3 <br />
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