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10/26/2020 RESOLUTION NO. 15901 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. 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 of the CFD in the office of the San Mateo County Recorder within 15 days of the date of adoption of this Resolution, but in any event at least 15 days prior to the public hearing specified below. Section 4. Facilities and Services. The type of public facilities proposed to be financed by the CFD and pursuant to the CFD Law shall consist of those listed as facilities on Exhibit A hereto and hereby incorporated herein (the "Facilities'). This Council hereby determines that the Facilities are necessary to meet the requirements imposed by the Federal Emergency Management Agency ("FEMA") in its current flood insurance rate maps for the area within the CFD, and increased demands placed upon the City as the result of anticipated future development or redevelopment within the CFD. The Facilities will benefit the properties in the CFD. This Council hereby finds and determines that the public interest will not be served by allowing the ATTY/RESO.0121/CC RESO REDWOOD CITY ROI ESTABLISH RESO. NO. 15901 REV: 11-02-2020 MI MUFF NO. 506 Page 1 of 22