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expenditures and encumbrances projected to be made over the next 18 months, in <br />substantially final form: <br />• An Installment Purchase Contract (City and PFA); <br />• An indenture of Trust (PFA); <br />• A Continuing Disclosure Agreement with the trustee for the 2007 Bonds (City); <br />• A Preliminary Official Statement and its distribution (City and PFA); <br />• An Official Notice of Sale (City and PFA); and, <br />authorizing all actions specified in the resolution in connection with the issuance of <br />the Water Revenue Bonds. <br />RESOLUTION 07-01 OF THE CITY OF REDWOOD CITY PUBLIC FINANCING <br />AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $15,500,000 <br />PRINCIPAL AMOUNT OF WATER REVENUE BONDS SERIES 2007A, AUTHORIZING <br />AND DIRECTING EXDCUTION 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 RELATED THERETO <br />RESOLUTION 14774 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 />The motion passed by a unanimous roll call vote. <br />D. Capital Improvement Program Fiscal Year 2007/2008 First Study Session <br />Engineering and Construction Engineer Chang presented the staff report and <br />presentation reviewing various capital improvement projects. <br />Questions and comments by Council Members included appreciation of the new <br />bike lanes and when future ones are planned on Woodside and Main; scheduling <br />public outreach; the possibility of street-scaping; is enough of the funding from the <br />utility users tax being used for state of the art IT equipment to run this community; <br />and funding for pedestrian safety. <br />Engineering and Construction Engineer Chang estimated that construction for the <br />new bike lanes may begin in September or October of this year and that current <br />funding does not include street-scaping. <br />M/S Hartnett/Foust to extend the meeting to 11:45 p.m. The motion passed by a <br />unanimous voice vote by those present. <br />JOINT CITY COUNCIUREDEVELOPMENTRGENCY BOARD AND APRIL 23, 2007 <br />PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 12 <br />