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10/26/2020 EXHIBIT A CITY OF REDWOOD CITY AMENDED AND RESTATED STATEMENT OF LOCAL GOALS AND POLICIES FOR COMMUNITY FACILITIES DISTRICTS Section 53312.7(a) of the California Government Code requires that the City of Redwood City (the "City") consider and adopt local goals and policies concerning the use of the Mello -Roos Community Facilities Act of 1982, as amended (the "Mello -Roos Act") prior to the initiation of proceedings on or after January 1, 1994 to establish a new community facilities district (a "CFD") under the Mello -Roos Act. Under Section 5 of Article XI of the Constitution of the State of California and Section 3 of the Charter of the City (the "Charter"), the City has adopted a Special Tax Financing Law (the "Special Tax Financing Law"), which authorizes the formation of CFDs and incorporates the Mello - Roos Act where not inconsistent with the Special Tax Financing Law. Pursuant to Section 53312.7, the City Council of the City of Redwood City (the "City Council") hereby states its goals and policies concerning the use of the Mello -Roos Act and the Special Tax Financing Law. The following goals and policies shall apply to each CFD hereafter formed by the City. Any policy or goal stated herein may be supplemented or amended or deviated from, and new goals and policies may be added hereto, from time to time upon a determination by the City Council that such supplement, amendment, deviation or addition is necessary or desirable; and any policy or goal stated herein shall be deemed amended or supplemented in the event, and as of the date, if ever, that such amendment or supplement is required to ensure compliance with the Mello -Roos Act, the Special Tax Financing Law or any other laws of the State of California or federal laws of the United States of America. I. Priority that Various Kinds of Public Facilities and Services Shall have for Financing_ Through the Use of the Mello -Roos Act. Facilities. It is the policy of the City to give first priority to the financing, through the use of the Mello -Roos Act and the Special Tax Financing Law, of public infrastructure improvements owned by or directly benefiting the City, which improvements may include, but are not limited to, streets, roads, libraries, parks open space and for the refunding of existing debt on land within the CFD. It is also the policy of the City to assist in the financing of other public facilities when to do so will, in the sole discretion of the City Council, acting as the legislative body of the affected CFD, result in a savings to residents or property owners within the City boundaries, for example, by reducing costs of bond issuance and/or administrative expenses; provided that such assistance does not interfere with the financing of public infrastructure improvements directly benefiting the City. ATTY/RESO.0119/CC RESO LOCAL GOALS AND POLICIES FOR COMMUNITY FACILITIES DISTRICTS RESO. NO. 15899 REV: 10-21-2020 VR MUFF NO. 506 Page 2 of 4