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Res21 15978
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Res21 15978
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Last modified
8/30/2021 12:31:27 PM
Creation date
8/30/2021 12:31:21 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
8/23/2021
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AUTHORIZING EXECUTION AND DELIVERY OF THE FIFTH AMENDMENT TO FINANCING AGREEMENT WITH SILICON VALLEY CLEAN WATER RELATING TO AMENDMENTS TO AN EXISTING WIFIA LOAN AGREEMENT, ADDITIONAL WIFIA LOAN AGREEMENTS AND REVENUE NOTES, AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTIONS
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Statement for the notes (the "Official Statement") in substantially the form provided for the <br />Preliminary Official Statement, with such changes, insertions and omissions as may be <br />approved by such officers. The City Manager or the Assistant City Manager of Administrative <br />Services/Treasurer are each authorized and directed to execute and deliver a certificate to the <br />Authority pursuant to Rule 10b-5 promulgated under the Exchange Act with respect to the City <br />Portion of the Official Statement. <br />Section 4. Approval of Continuing Disclosure Certificate. The City Council <br />hereby approves the form of the Continuing Disclosure Certificate to be delivered by the City <br />with respect to the notes, in the form on file with the City Clerk together with any modifications <br />thereof as may be approved by a Designated Officer, whose execution thereof shall be <br />conclusive evidence of the approval of any such modifications. A Designated Officer is hereby <br />authorized and directed to execute the final form of the Continuing Disclosure Certificate for and <br />on behalf of the City. <br />Section 5. Approval of Closing Documents. The Mayor, the City Manager, the <br />Assistant City Manager of Administrative Services/Treasurer and the City Clerk and their duly <br />authorized deputies, designees or agents are each hereby authorized and directed, in their <br />respective official capacities, to execute or attest thereto, any and all closing certificates which <br />are necessary or appropriate to effectuate the purposes of the Financing Agreement, the <br />execution and delivery of the 2021 WIFIA Loan Agreements, the amendments to the 2020 <br />WIFIA Loan Agreement and the issuance and sale of the notes by the Authority. <br />Section 6. Effective Date. This Resolution shall take effect immediately upon its <br />passage and adoption. <br />ATTY/RESO.0061/CC RESO AUTHORIZING EXECUTION & DELIVERY OF FIFTH AMENDMENT— WIFIA LOAN RESO. NO. 15978 <br />REV: 08-11-2021 MI MUFF # 304 <br />Page 3 of 5 <br />
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