Laserfiche WebLink
07/28/2003 <br />and supplemented in the "Shores Transportation Improvement District (STID) <br />Supplement to Final Report" supplement dated as of June 10, 1998 prepared by the <br />engineering firm of Brian Kangas Foulk, and (2) incidental expenses to be incurred, <br />including (a) the cost of engineering, planning and designing the Facilities; and (b) all <br />costs associated with the creation of the District, the issuance of the bonds, the <br />determination of the amount of special taxes to be levied, costs otherwise incurred in <br />order to carry out the authorized purposes of the District and administering the District <br />(collectively, the "Incidental Expenses "); and <br />WHEREAS, the Council, acting as the legislative body of the District, has <br />determined that it is in the best interests of the District that the District issue at this time <br />a series of bonds to be designated "Redwood Shores Community Facilities District <br />No. 99 -1 (Shores Transportation Improvement Project) of the City of Redwood City <br />Special Tax Bonds, Series 200313" (the "Bonds ") for the purpose of financing a portion <br />of the Facilities and Incidental Expenses; and <br />WHEREAS, prior to the issuance of the Bonds the Council, acting as the <br />legislative body of the District, desires to incur certain capital expenditures (the <br />"Expenditures ") with respect to the Facilities from available moneys of the City of <br />Redwood City (the "City); and <br />WHEREAS, the Council, acting as the legislative body of the District, has <br />determined that those moneys to be advanced on and after the date hereof to pay the <br />Expenditures are available only for a temporary period and it is necessary to reimburse <br />the City for the Expenditures from the proceeds of the Bonds; and <br />FATTY /RESO /RESO.1407 14543 <br />071403 3 <br />