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05/20/2019 of debt service on the notes will be paid on a subordinate basis to the payments with respect to the Authority's outstanding bonds and the WIFIA Loan; and WHEREAS, the City desires to approve a Ninth Supplement to the Joint Powers Agreement, dated as of May 1, 2019 by and among the City and the other Members (the "Ninth Supplement to the Joint Powers Agreement") to clarify certain provisions thereof relating to the WIFIA Loan and, prior to the draw on the WIFIA Loan, the notes; and WHEREAS, pursuant to Government Code Section 5852.1, certain information relating to the Financing Agreement is set forth in Exhibit A attached to this Resolution, and such information is hereby disclosed and made public; and WHEREAS, this Council wishes to approve the Second Amendment to the Financing Agreement, and related documents and actions, in furtherance of the public purposes of the City. NOW, THEREFORE, BE IT RESOLVED that the Council of the City of Redwood City, California, hereby approves as follows: Section 1. Amendment to the Joint Powers Agreement. The Ninth Supplement to the Joint Powers Agreement is hereby approved substantially in the form of the copy thereof on file in the Office of the City Clerk, to which copy reference is hereby made for the full particulars thereof, and the Mayor is hereby authorized and directed to execute said amendment and the City Clerk is hereby authorized and directed to attest thereto, for and on behalf of the City. Section 2. Execution and Delivery of WIFIA Loan Agreement and the Issuance of the Notes. The City Council hereby consents to the execution and delivery of the WIFIA Loan Agreement by the Authority to provide additional financing for the Project and the issuance of the notes by the Authority for the purpose of providing interim financing for the Project; provided however, that the principal amount of the WIFIA Loan and the principal amount of the notes allocated to the City, in each case, shall not exceed $126 million. The consent of the City Council set forth in this Section 2 does not extend to any indebtedness or obligations of the Authority other than the WIFIA Loan and the notes for the interim financing of the Project. Pursuant to Government Code Section 5852.1, good faith estimates related to the notes and WIFIA Loan are set forth in Exhibit A, attached hereto and incorporated herein by reference. Section 3. Approval of Second Amendment to Financing Agreement. The Second Amendment to the Financing Agreement between the Authority and the City, is hereby approved substantially in the form of the copy thereof on file with the Secretary, to which copy reference is hereby made for the full particulars thereof, and the Mayor is hereby authorized and directed to execute said amendment and the City Clerk is hereby authorized and directed to attest thereto, for and on behalf of the City. Section 4. City Portion of Official Statement. The preparation and distribution of (i) Appendix A to the Preliminary Official Statement for the notes (the "Preliminary Official Statement"), which contains information relating to the City, and (ii) the forepart of ATTY/RESO.0049/CC RESO AUTHORIZING EXECUTION & DELIVERY OF JOINT POWERS AGR —SVCA 2019 DEBT RESO NO. 15772 REV: 05-13-19 DZ MUFF NO. 304 Page 2 of 5