Res14 15320 - Laserfiche WebLink

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01/27/2014 WHEREAS, under the Joint Powers Agreement, the Members are obligated to pay their allocable share of debt service on the 2014 Bonds, as such allocable shares are determined in accordance with the provisions of the Joint Powers Agreement; and WHEREAS, the City Council of the City wishes to amend the Financing Agreement in certain respects, and approve other documents and actions relating to the 2014 Bonds, in furtherance of the public purposes of the City; NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Redwood City, California, as follows: Section 1. Official Statement. The City Council hereby approves the preparation of, and authorizes the City Manager and the Finance Director, or the written designee of any of them (each, a "Designated Officer"), each acting alone, to deem final within the meaning of Rule 15c2-12 of the Securities Exchange Act of 1934, as amended, the preliminary form of Appendix A to the Authority's Preliminary Official Statement relating to the 2014 Bonds, which contains information relating to the City. The Designated Officers, each acting alone, are each hereby authorized, at the request of the purchaser of the 2014 Bonds, to execute an appropriate certificate affirming a determination that such Appendix A has been deemed final. The Designated Officers, each acting alone, with the advice and approval of the City Attorney, are each hereby authorized and directed to approve any changes in or additions to the portions of the Preliminary Offering Statement and the final Official Statement that relate to the City. The City Council hereby authorizes the distribution of the Preliminary Official Statement and the final Official Statement. Section 2. Amendment of Financing Agreement. The City Council hereby approves the amendment of the Financing Agreement for the purpose of eliminating the pledge and lien on net revenues of the City's wastewater system with respect to payments made by the City in respect of loans made to the Authority by the State Water Resources Control Board under its revolving loan fund program. Such amendments shall be made pursuant to the First Amendment to Financing Agreement between the Authority and the City in the form on file with the City Clerk, together with any modifications thereof as may be approved a Designated Officer, with the advice and approval of the City Attorney, whose execution thereof shall be conclusive evidence of the approval of any such modifications. A Designated Officer is hereby authorized and directed to executed the final form of the First Amendment to Financing Agreement for and on behalf of the City. Section 3. Approval of Continuing Disclosure Certificate. The City Council hereby approves the form of the City's Continuing Disclosure Certificate with respect to the 2014 Bonds, in the form on file with the City Clerk, together ATTY/RE50.2940/WASTEWATER REVENUE BONDS 2014 REV:01-17-14 PT Page 2 of 4