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<br />OES:djg-c 7/21/83 <br /> <br />hearing was held on the question of whether the Board of Port <br /> <br /> <br />Commissioners of the City of Redwood City should enter into an <br /> <br /> <br />installment sale agreement and related agreements (which comprise <br /> <br /> <br />the aforesaid financing plan) for the purpose of financing the <br /> <br />construction and acquisition of the Wharf Facilities including the <br /> <br /> <br />issuance of certificates of participation in the principal amount <br /> <br />of not to exceed $1,600,000; and <br /> <br />WHEREAS, this Council desires to approve said financing plan <br /> <br />and the issuance of the aforesaid certificates of participation in <br /> <br /> <br />connection therewith; <br /> <br /> <br />NOW, THEREFORE; <br /> <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY, <br /> <br /> <br />AS FOLLOWS: <br /> <br /> <br />1. This Council hereby finds and declares: that following <br /> <br /> <br />due notice, on July 25, 1983 a public hearing was held on the <br /> <br /> <br />question of whether the Board of Port Commissioners of the City of <br /> <br />Redwood City should enter into an installment sale agreement and <br /> <br /> <br />related agreement comprising a financing plan for the purpose of <br /> <br /> <br />financing the construction and acquisition of the Wharf <br /> <br /> <br />Facilities, including the issuance of certificates of <br /> <br /> <br />participation in the principal amount not to exceed $1,600,000; <br /> <br /> <br />and that this Council heard all persons requesting to be heard on <br /> <br />said question. <br /> <br /> <br />2. This Council does hereby approve the aforesaid financing <br /> <br />2 <br />