Res20 15920 - Laserfiche WebLink

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11/23/2020 certain costs of the Project by refunding all or a portion of the outstanding 2014 Bonds and/or all or a portion of 2015 Bonds; and WHEREAS, pursuant to Government Code Section 5852.1, a good faith estimate of costs related to the Financing Agreement is set forth in Exhibit "A" attached to this Resolution, and such information is hereby disclosed and made public; and WHEREAS, this Council wishes to approve the Fourth Amendment to Financing Agreement relating to the Refunding Bonds, and related documents and actions, in furtherance of the public purposes of the City. NOW, THEREFORE, BE IT RESOLVED that the Council of the City of Redwood City, California, as follows: Section 1. Issuance of the Refunding Bonds. The City Council hereby consents to the issuance of the Refunding Bonds by the Authority for the purpose of refunding all or a portion of the 2014 Bonds and/or all or a portion of the 2015 Bonds; provided however, that the principal amount of the Refunding Bonds allocated to the City shall not exceed $95 million. The consent of the City Council set forth in this Section 1 does not extend to any indebtedness or obligation of the Authority other than the Refunding Bonds. Section 2. Approval of Fourth Amendment to Financing Agreement. The Fourth Amendment to Financing Agreement between the Authority and the City is hereby approved substantially in the form of the copy thereof on file in the Office of the City Clerk, to which copy reference is hereby made for the full particulars thereof, and the Mayor is hereby authorized and directed to execute said amendment and the City Clerk is hereby authorized and directed to attest thereto, for and on behalf of the City. Section 3. City Portion of Official Statement. The preparation and distribution of Appendix A to the Preliminary Official Statement for the Refunding Bonds (the "Preliminary Official Statement"), which contains information relating to the City, and in the forepart of the Preliminary Official Statement under the caption "CERTAIN PARTICIPATING MEMBER RISK FACTORS," excluding, however, any information under such caption which pertains specifically to any other Member (together "City Portion"), in substantially the form on file with the City Clerk, is hereby approved. The City Manager or the Assistant City Manager of Administrative Services/Treasurer are each hereby authorized to execute a certificate pursuant to Rule 15c2-12 and Rule 10b-5 promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), relating to the City Portion of the Preliminary Official Statement. The City Manager or the Assistant City Manager of Administrative Services/Treasurer or their written designee (each a "Designated Officer") are each hereby authorized and directed to approve any changes in or additions to the portions of the final Official Statement which relate to the City. The Designated Officers, each acting alone, are each hereby authorized and directed to approve and deliver the City Portion of the Official Statement for the Refunding Bonds (the "Official Statement") in substantially the form provided for the Preliminary Official Statement, with such changes, insertions and omissions as may be approved by such ATTY/RESO.0136/CC RESO AUTHORIZING EXECUTION & DELIVERY OF 4RTH AMENDMENT OF FINANCING AGR — SVCW BONDS RESO. N0, 15920 REV: 11-16-2020 MI MUFF NO. 505 Page 2 of 4