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4/27/98 <br /> <br /> ORIGINAL <br /> RESOLUTION NO. 13327 <br /> <br /> RESOLUTION APPROVING AND AUTHORIZING EXECUTION <br /> OF REVISED OFFICIAL STATEMENT FOR CITY OF REDWOOD <br /> CITY SENIOR LIVING FACILITIES REVENUE BONDS <br /> (WOODSlDE TERRACE) SERIES 1998 <br /> <br /> WHEREAS, pursuant to Resolution No. 13283 entitled, "A Resolution of <br />the City of Redwood City Authorizing the Issuance, Sale and Delivery of <br />Revenue Bonds for the Purpose of Financing the Acquisition and Rehabilitation <br />of a Senior Living Facility, Authorizing the Execution and Delivery of an indenture <br />of Trust, a Loan Agreement, a Regulatory Agreement, an Official Statement, <br />and a Bond Purchase Agreement, and Authorizing the Execution and Delivery of <br />and Approving Other Related Documents and Approving Other Related Actions <br />in Connection Therewith", adopted February 9, 1998 (the "Authorizing <br />Resolution"), this Council approved and authorized the issuance, sale and <br />delivery of the City of Redwood City Senior Living Facilities Revenue Bonds <br />(Woodside Terrace) Series 1998 in an aggregate principal amount not to exceed <br />$41,350,000.00 and a revenue note of the City in an aggregate principal amount <br />not to exceed $3,650,000.00 (collectively, said Bonds and Note are designated <br />the "Bonds"); and <br /> <br /> WHEREAS, the transaction to be financed by the issuance of the Bonds <br />provides funding for a mortgage loan to be made to Woodside Advanced Senior <br />Care, Inc., a California non-profit public benefit corporation (the "Owner") to <br /> <br />Reso~399 1 <br />G:~shared\redwood\cou ncil <br />DES:djk <br />04/21/98 13327 <br /> <br /> <br />