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Res12 15237
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Res12 15237
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Last modified
10/11/2019 7:48:25 AM
Creation date
10/11/2019 7:48:09 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
12/3/2012
Description
RESOLUTION AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS FOR AND ON BEHALF OF COMMUNITY FACILITIES DISTRICT NO. 99-1 (SHORES TRANSPORTATION IMPROVEMENT PROJECT) OF THE CITY OF REDWOOD CITY, APPROVING THE FORM OF AND DIRECTING THE EXECUTION OF A FISCAL AGENT AGREEMENT, ESCROW INSTRUCTIONS, A CONTINUING DISCLOSURE AGREEMENT AND A BOND PURCHASE AGREEMENT, APPROVING THE FORM OF AN OFFICIAL STATEMENT, APPROVING SALE OF BONDS, AND APPROVING OTHER RELATED DOCUMENTS AND ACTIONS
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12/03/2012 <br />APPENDIX A <br />CITY AND COUNTY <br />GENERAL DEMOGRAPHIC INFORMATION <br />The Redwood Shores Community Facilities District No. 99-1 (Shores Transportation <br />Improvement Project) of the City of Redwood City (the "District") is located in the City of <br />Redwood City (the "City") in San Mateo County (the "County"). The financial and economic <br />data for the City are presented for information purposes only. The Bonds are not a debt or <br />obligation of the City or the County, but are a limited obligation of the City for the District <br />secured solely by the funds pledged for such payment under the Fiscal Agent Agreement. <br />Location <br />The County is one of nine counties comprising the economic geographic unit known as <br />the San Francisco Bay Area. The County is a .major employment base, and is also accessible to <br />the San Jose and Silicon Valley areas approximately 30 miles south via Interstate 280 or U.S. <br />Highway 101.. San Francisco International Airport is located in the County. <br />The City is located in the San Francisco Bay Area 25 miles south of San Francisco. Itis <br />the oldest bayside city in the County. The City was incorporated in 1867, and has been the <br />County Seat since 1856. City limits cover approximately 34 square miles of generally level <br />terrain. The City combines residential, industrial, and commercial elements in a largely urban <br />environment. Its waterfront provides a yacht harbor and the only deep -water port in the South <br />Bay. A wide variety of housing types are available. Services and trade, the County's two <br />largest industry divisions, are expected to provide close to two-thirds of anticipated growth in <br />the next two years. <br />Population <br />The following table lists population estimates for the City, County and the State for the <br />last five calendar years, as of January 1. <br />SAN MATEO COUNTY <br />Population Estimates <br />Calendar Years 2008 through 2012 as of January <br />1 <br />2008 2009 2010 <br />2011 <br />2012 <br />City of redwood City 75,525 76,198 76,766 <br />77,299 <br />78,244 <br />San Mateo County 707,820 713,818 718,614 <br />722,372 <br />729,443 <br />State of California 36,704,375 36,966,713 37,223,900 <br />37,427,946 <br />37,678,563 <br />Source: State Department of Finance estimates (as of January 1). <br />Employment and Industry <br />The unemployment rate in the San Francisco -San Mateo -Redwood City MD was 7.0% <br />in August 2012, just below the year-ago estimate of 8.4%. This compares with an unadjusted <br />unemployment rate of 10.4% for California and 8.2% for the nation during the same period. <br />The unemployment rate was 6.3% in Marin County, 7.4% in San. Francisco County, and 6.8% in <br />San Mateo County. <br />A-1 <br />54 RESO. # 15237 <br />MUFF # 505 <br />
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