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.... ~ ~, 4/26/99 - ORIGINAL RESOLUTION NO. 13610 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY ACTING AS THE LEGISLATIVE BODY OF REDWOOD SHORES COMMUNITY FACILITIES DISTRICT NO. 99-1 (SHORES TRANSPORTATION IMPROVEMENT PROJECT) OF THE CITY OF REDWOOD CITY DETERMINING THE NECESSITY TO INCUR BONDED INDEBTEDNESS IN AN AMOUNT NOT TO EXCEED $13,535,000 WITHIN SUCH COMMUNITY FACILITIES DISTRICT AND CALLING AN ELECTION THEREIN WHEREAS, on March 22, 1999, the City Council of the City of Redwood City (the "City Council") adopted its Resolution No. 13590 stating its intention to form Redwood Shores Community Facilities District No. 99-1 (Shores Transportation Improvement Projec0 of the City of Redwood City (the "District") pursuant to the Mello-Roos Community Facilities Act of 1982, as amended (the "Act"); and WHEREAS, on March 22, 1999 the City Council also adopted its Resolution No. 13591 stating its intention to incur bonded indebtedness in the amount of $15,325,000 within the District for the purpose of financing (1) the construction, pumhase, modification, expansion, improvement or rehabilitation of sanitary sewers, streets, storm drainage facilities, utilities, parks, landscaping, and other infrastructure improvements and relocations, including traffic signalization and improvements to street intersections and freeway interchanges, for the following projects, including ail furnishings, equipment, and supplies related thereto (collectively, the "Facilities"): (a) the Marine Parkway intersection at or near Oracle WesffShoreway Road; (b)the Marine Parkway intersection at or near Twin Dolphin Parkway; (c)the Marine Parkway intersection at or near Bridge Parkway; (d) the Redwood Shores Parkwhy intersection at or near Bridge Parkway; (e) the Ralston Avenue intersection at or near Hiller Street; (f) the northbound U.S. 101 on-ramp at the Marine Parkway/Ralston Avenue interchange; (g) the HOV bypass lanes at the northbound U.S. 101 on-ramp at the Ralston Avenue interchange; and (h)the reconfiguration of the U.S. 101/Marine Parkway/Ralston Avenue interchange to a partial cloverleaf design; all as such improvements are more fully described in the "Shores Transportation Improvement District (STID) Final Report - Phase II" report dated as of April 10, 1998 and supplemented in the "Shores Transportation Improvement District (STID) Supplement to Final Report" supplement dated as of June 10, 1998 prepared by Brian Kangas Foulk, and (2) incidental expenses to be incurred, including (a)the cost of engineering, planning and designing the Facilities; and (b)all costs associated with the creation of the District, the issuance of the bonds, the determination of the amount of special taxes to be levied, costs otherwise incurred in order to carry out the authorized purposes of the District and administering the District (collectively, the "Incidental Expenses"), all as more fully described in Resolution No. 13590; 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 t9 incur bonded indebtedness in a maximum aggregate principal amount of $15,325,000 for the purpose of financing the Facilities and the Incidental Expenses; and WHEREAS, on April 26, 1999, the City Council held a noticed public hearing as required 15288.5~22931.0003 1