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Res20 15901
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Res20 15901
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Last modified
11/5/2020 8:09:15 AM
Creation date
11/2/2020 3:31:08 PM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
10/26/2020
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10/26/2020 <br />Water Facilities. Any and all water facilities, including, but not limited to, water <br />mains, valves, tees, hydrants, services, meters and meter boxes, together with any <br />and all appurtenances thereto now existing or hereafter to be constructed in and <br />for Seaport Centre. <br />Sanitary Sewer Facilities. Any and all sanitary sewer facilities, including, but not <br />limited to, sanitary sewer mains, manholes with manhole frames and covers, <br />cleanouts and laterals together with any and all appurtenances thereto now <br />existing or hereafter to be constructed in and for Seaport Centre. <br />The costs and expenses of maintaining and operating the above public improvements and <br />appurtenant facilities includes the cost of necessary repairs, replacements, fuel, power, electrical <br />current, care, supervision and any and all other items necessary for the proper maintenance and <br />operation thereof. <br />OTHER <br />The CFD may also finance any of the following: <br />1. Financing expenses, debt service reserve funds, capitalized interest, letter of credit fees <br />and expenses, attorney fees and expenses, bond marketing costs, and all other incidental <br />expenses. <br />2. Administrative fees of the City and any consultants hired by the City related to the CFD. <br />3. Reimbursement of costs related to the formation of the CFD advanced by the City, the <br />landowner(s) in the CFD, or any party related to any of the foregoing, as well as <br />reimbursement of any costs advanced by the City, the landowner(s) in the CFD, or any <br />party related to any of the foregoing, for facilities, fees or other purposes or costs of the <br />CFD. <br />4. All "costs" and "incidental expenses" related to the eligible facilities as those terms are <br />defined in the CFD Law. <br />Special Taxes may be collected and set-aside in designated funds and collected over several <br />years, and used to fund Facilities or Services authorized to be financed by the CFD. <br />ATTY/RESO.0121/CC RESO REDWOOD CITY ROI ESTABLISH <br />REV: 11-02-2020 MI <br />Page 6 of 22 <br />RESO. NO. 15901 <br />MUFF NO. 506 <br />
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