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11/23/2020 RESOLUTION NO. 15918 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DECLARING RESULTS OF SPECIAL ELECTION IN CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2020-1 (SEAPORT CENTRE/SEAPORT PLAZA) AND DIRECTING RECORDING OF NOTICE OF SPECIAL TAX LIEN 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 "City Council") is authorized to establish a community facilities district and to act as the legislative body for a community facilities district; and WHEREAS, this City Council has adopted a resolution entitled "A Resolution of the City Council of the City of Redwood City Forming City of Redwood Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza), and Approving Related Documents and Actions" (the "Resolution of Formation"), ordering the formation of the "City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza)" (the "CFD"), authorizing the levy of special taxes on property within the CFD and preliminarily establishing an appropriations limit for the CFD, all pursuant to the CFD Law; and WHEREAS, this City Council has also adopted a resolution entitled "A Resolution of the City Council of the City of Redwood City Determining Necessity to Incur Bonded Indebtedness and Other Debt Payable from Special Taxes Levied in City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza), and Approving Related Documents and Actions" (the "Resolution Determining Necessity"), determining the necessity to incur bonded indebtedness and other debt (as defined in the Act) in the maximum aggregate principal amount of $25,000,000 upon the security of the Facilities Special Tax (as described in the Resolution of Formation) to be levied within the CFD pursuant to the CFD Law; and WHEREAS, pursuant to the provisions of the Resolution of Formation and the Resolution Determining Necessity and pursuant to "A Resolution of the City Council of the City of Redwood City Calling a Special Election in the City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza)" (the "Election Resolution") heretofore adopted by this City Council, the propositions of the levy of the special taxes described in the Resolution of Formation, the establishment of the appropriations limit and the incurring of the bonded indebtedness and other debt were submitted to the qualified electors of the CFD as required by the provisions of the CFD Law; and WHEREAS, pursuant to the terms of the Election Resolution, which are by this reference incorporated herein, the special election has been held and the City Clerk has on file a Canvass and Statement of Results of Election, (the "Canvass") a copy of which is attached hereto as Exhibit A; and WHEREAS, this Council has reviewed the Canvass, finds it appropriate and wishes to complete its proceedings for the CFD. ATTY/RESO.0134/CC RESO DECLARING RESULTS OF SPECIAL ELECTIONS IN RWC CFD SEAPORT RESO. NO. 15918 REV: 11-13-2020 MI MUFF NO. 506 Page 1 of 4