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<br />C. Approval by the City Council of the City of Redwood City and the City of <br />Redwood City Public Financing Authority Board of Directors of bond <br />financing documents in connection with the issuance of City of Redwood <br />City Public Financing Authority (the "PFA") Water Revenue Bonds - CITY <br />COUNCIL AND PUBLIC FINANCING AUTHORITY <br /> <br />Director of Finance and Financial Planning Ponty explained some of the more <br />pertinent terms of the proposed bond issue. <br /> <br />Recommendation: <br />MIS Hartnett/Ira n connection with the sale of not more than $26 million PFA <br />Water Revenue Bonds to finance water recycling project expenditures and <br />encumbrances projected to be made over the next 18 months, adopt a resolution <br />approving, in substantially final form: <br /> <br />. An Installment Purchase Contract (City and PFA); <br />. An Indenture of Trust (PFA); <br />. A Continuing Disclosure Agreement with the trustee for the 2006 Bonds (City); <br />. A Preliminary Official Statement and its distribution (Qity of PFA); <br />. An Official Notice of Sale (City and PFA; and <br /> <br />Authorizing all action specified in the resolution in connection with the issuance of <br />the Water Revenue Bonds. <br /> <br />RESOLUTION 14691 OF THE COUNCIL OF THE CITY OF REDWOOD CITY <br />AUTHORIZING PROCEEDINGS AND AGREEMENTS RELATING TO THE FINANCING <br />OF CERTAIN WATER FACILITIES, APPROVING ISSUANCE AND SALE OF BONDS BY <br />THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY, APPROVING AN <br />OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL ACTIONS <br /> <br />PFA RESOLUTION 06-01 OF THE CITY OF REDWOOD CITY PUBLIC FINANCING <br />AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $26,000,000 <br />PRINCIPAL AMOUNT OF WATER REVENUE BONDS, SERIES 2006A, AUTHORIZING <br />AND DIRECTING EXECUTION OF AN INDENTURE OF TRUST AND AN INSTALLMENT <br />PURCHASE CONTRACT, AUTHORIZING THE SALE OF BONDS PURSUANT TO A <br />NOTICE OF SALE, APPROVING AN OFFICIAL STATEMENT AND PROVIDING OTHER <br />MATTERS PROPERLY RELATING THERETO <br /> <br />The motion passed by a unanimous roll call vote. <br /> <br />............................................................................. <br /> <br />MIS Bain/Foust to adjourn the Public Financing Authority meeting. The motion <br />passed by a unanimous voice vote. <br /> <br />JOINT CITY COUNCIL AND <br />PUBLIC FINANCING AUTHORITY <br />MEETING MINUTES <br /> <br />JANUARY 23, 2006 <br />PAGE 8 <br />