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4/26/99 ORIGINAL R.ESOLI. TrION NO. 13611 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY ESTABLISHING REDWOOD SHORES COMMUNITY FACILITIES DISTRICT NO. 99-1 (SHORES TRANSPORTATION IMPROVEMENT PROJECT) OF THE CITY OF REDWOOD CITY, AUTHORIZING THE LEVY OF A SPECIAL TAX THEREIN, CALLING AN ELECTION, AND APPROVING JOINT COMMUNITY FACILITIES AGREEMENTS WHEREAS, the City Council of the City of Redwood City (the "City Council") has heretofore adopted its Resolution No. 13590 (the "Resolution of Intention") stating its intention to form Redwood Shores Community Facilities District No. 99-1 (Shores Transportation Improvement Project) of the City of Redwood City (the "District") pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the "Act"); and WHEREAS, a copy of the Resolution of Intention setting forth a description of the proposed boundaries of the District, the facilities to be financed by the District, and the rate and method of apportionment of the special tax proposed to be levied within the District is on file with the City Clerk and, except to the extent amended by this resolution, is incorporated herein by reference; and WHEREAS, notice was published and mailed to all landowners of the land proposed to be included within the District as required by law relative to the intention of the City Council to form the District, to levy a special tax therein, and to incur bonded indebtedness in a maximum aggregate principal amount of $15,325,000 for the purpose of financing certain public facilities (as further described herein, the "Facilities") and incidental expenses (as further described herein, the "Incidental Expenses"); and WHEREAS, on April 26, 1999, the City Council held a noticed public hearing as required by law relative to the proposed formation of the District, the levy of the special tax therein, and the issuance of bonded indebtedness by the District; and WHEREAS, prior to the noticed public hearing there was filed with the City Council a report (the "Report") containing a description of the facilities necessary to meet the needs of the District and an estimate of the cost of such facilities as required by Section 53321.5 of the Government Code; and WHEREAS, at the public hearing all persons desiring to be heard on all matters pertaining to the formation of the District, the levy of the spedial tax, and the issuance of bonded indebtedness were heard and a full and fair hearing was held; and WHEREAS, at the public hearing evidence was presented to the City Council on the matters before it, and the proposed special tax to be levied within the District was not precluded by a majority protest of the type described in Government Code Section 53324, and the City Council at the conclusion of the hearing was fully advised as to all matters relating to the formation of the District, the levy of the special tax, and the issuance of bonded indebtedness; and 15287.5~22931.0003 1