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03/19/2012 <br /> ORIGINAL <br /> RESOLUTION NO. 15179 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br /> CITY APPROVING THE ISSUANCE OF THE CALIFORNIA STATEWIDE <br /> COMMUNITIES DEVELOPMENT AUTHORITY REVENUE BONDS <br /> (KAISER PERMANENTE), SERIES 2012 IN AN AGGREGATE <br /> PRINCIPAL AMOUNT NOT TO EXCEED $2,000,000,000 FOR THE <br /> PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, <br /> CONSTRUCTION, IMPROVEMENT, EQUIPPING, RENOVATION, <br /> REHABILITATION, REMODELING AND OTHER CAPITAL PROJECTS <br /> OF CERTAIN HEALTH FACILITIES AND CERTAIN OTHER MATTERS <br /> RELATING THERETO <br /> WHEREAS, Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., <br /> Kaiser Health Plan Asset Management, Inc., and Kaiser Hospital Asset Management, <br /> Inc., each a California nonprofit public benefit corporation (collectively, "Kaiser"), have <br /> requested that the California Statewide Communities Development Authority (the <br /> "Authority") participate in the issuance of one or more series of revenue bonds in an <br /> aggregate principal amount not to exceed $2,000,000,000 (the "Bonds") for the purpose <br /> of, among other things, financing or refinancing the acquisition, construction, <br /> improvement, equipping, renovation, rehabilitation, remodeling and other capital <br /> projects of certain health facilities (the "Facilities") owned or operated by Kaiser <br /> Foundation Hospitals or its a�liates (the "ProjecY') and located in the City of Redwood <br /> City (the "City"); and <br /> WHEREAS, pursuant to Section 147(fl of the Internal Revenue Code of 1986 <br /> (the "Code"), the issuance of the Bonds by the Authority must be approved by the City <br /> because the Facilities are located within the territorial limits of the City; and <br /> WHEREAS, the City Council of the City (the "City Council") is the elected <br /> legislative body of the City and is one of the applicable elected representatives required <br /> to approve the issuance of the Bonds under Section 147(� of the Code; and <br /> WHEREAS, the Authority has requested that the City Council approve the <br /> issuance of the Bonds by the Authority for the purposes of financing or refinancing the <br /> Project in order to satisfy the public approval requirement of Section 147(� of the Code <br /> and the requirements of Section 9 of the Amended and Restated Joint Exercise of <br /> Powers Agreement, dated as of June 1, 1988 (the "AgreemenY'), among certain local <br /> agencies, including the City; and <br /> WHEREAS, pursuant to Section 147(fl of the Code, the City Council has, <br /> following notice duly given, held a public hearing regarding the issuance of the Bonds, <br /> and now desires to approve the issuance of the Bonds by the Authority; <br /> ATTY/RES0.2214/KAISER PERMANENTE BONDS RESO. # 15179 <br /> REV:03-01-12 MUFF # 505 <br /> Page 1 of 2 <br />