AgdaPkt 2020-10-26 Joint SA PFA - Laserfiche WebLink

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7.A. - Page 172 of 176 CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2020-1 (SEAPORT CENTRE/SEAPORT PLAZA) PUBLIC AGENCY STATEMENT AND CONSENT October 26, 2020 City Council City of Redwood City 1017 Middlefield Rd. Redwood City, CA 94063 Members of the City Council: Attachment H The City Council of the City of Redwood City (the "City") has initiated formation of City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza)" (the "CFD") under the City's 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 (Sections 53311 and following of the California Government Code) (the "Mello -Roos Act"). This Public Agency Statement and Consent (this "Statement") is submitted in connection with the formation of the CFD pursuant to Sections 53317(f)(1), 53317(f)(3) and 53326(a) of the Mello -Roos Act. 1. Property Owner. This Statement is submitted by the entity identified below (the "Property Owner"), which is the owner of the fee simple title of the parcels of land identified by the Assessor Parcel Numbers listed on Exhibit B attached hereto and incorporated herein by reference (the "Property"). The undersigned warrants with respect to the Property that it is authorized to execute this Statement and that the submission of this Statement and participation in the proceedings to form the CFD will not conflict with or constitute a breach of or default under any applicable law or administrative rule or regulation of the State of California, the United States of America, or of any department, division, agency or instrumentality of the State of California or the United States of America, or under any applicable court or administrative decree or order, or under any loan agreement, note, resolution, indenture, fiscal agent agreement, contract, agreement or other instrument to which the Property Owner is a party or is otherwise subject or bound. 2. Consent to Proceedings. The Property Owner hereby consents to proceedings under the CFD Law to create the CFD. The Property Owner acknowledges that a two-thirds vote of the qualified electors in the CFD that vote on the issues is required for (i) the levy of special taxes in the CFD pursuant to the Rate and Method of Apportionment of Special Taxes (the "Rate and Method") to be prepared by the City, (ii) the issuance of bonded indebtedness and other debt (as defined in the Mello -Roos Act) for the CFD in an amount to be determined during the formation proceedings, and (iii) the establishment of an appropriations limit for the CFD in an amount to be determined during the formation proceedings. 354