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7.A. - Page 19 of 176 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DECLARING ITS INTENTION TO ESTABLISH CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2020-1 (SEAPORT CENTRE/SEAPORT PLAZA), AND APPROVING RELATED DOCUMENTS AND ACTIONS WHEREAS, under City of Redwood City's (the "City") Special Tax Financing Law (Chapter 32, Article XIII of the Redwood City Municipal Code) (the "CFD Law") which incorporates the Mello -Roos Community Facilities Act of 1982, as amended (the "Act"), this City Council (the "Council") is authorized to establish a community facilities district and to act as the legislative body for a community facilities district; and WHEREAS, this Council has received a petition from the owners of more than ten percent of the area of land proposed to be included in the proposed community facilities district described herein that would be subject to the special tax, and wishes to proceed with the establishment of a community facilities district in order to finance costs of (i) acquisition, construction, improvement and replacement of certain levee and flood control improvements within the proposed community facilities district and (ii) operation and maintenance of all of the public improvements and appurtenant facilities described in Exhibit A hereto, including such levee and flood control improvements; and WHEREAS, three parcels of land proposed to be included in the proposed community facilities district (the "City Parcels") are owned by the City and initially would be exempt from the special tax, but it is proposed that the City Parcels be subject to the special tax if (a) they are transferred by conveyance of the fee interest to private ownership or (b) leased to a nonexempt person or entity, and the City wishes to provide for certain matters related to such City Parcels. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: Section 1. Authority. This Council proposes to conduct proceedings to establish a community facilities district pursuant to the CFD Law. Section 2. Name of CFD. The name proposed for the community facilities district is "City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza)" (the "CFD"). Section 3. Boundaries Described. The proposed boundaries of the CFD are as shown on the map on file with the City Clerk (the "Clerk"), which boundaries are hereby preliminarily approved and to which map reference is hereby made for further particulars. The Clerk is hereby directed to record, or cause to be recorded, the map of the boundaries ATTY/RESO.0121/CC RESO REDWOOD CITY ROI ESTABLISH REV: 10-21-2020 MI Page 1 of 26 201