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8. STAFF REPORTS <br /> 8.A. Authorize City of Redwood City Public Financing Authority <br /> (PFA) to sell not more than $16,260,000 PFA Water Revenue <br />Refunding Bonds, Series 2024 (2024 Bonds) to refinance the PFA <br />Water Revenue Refunding Bonds, Series 2013 (2013 Bonds) <br /> Recommendation: <br /> 1. By motion, City Council, in its capacity as the legislative body of the City ofRedwood <br />City, adopt a resolution authorizing proceedings and agreements relating to the <br />refinancing of certain water facilities, approving issuance and sale of bonds by the City <br />of Redwood City Public Financing Authority, approving an Official Statement and <br />authorizing related documents and actions; and <br /> 2. By motion, City Council, in its capacity as the governing body of the City of <br />Redwood City Public Financing Authority, authorizing the issuance of not to exceed <br />$16,260,000 principal amount of Water Revenue Refunding Bonds, Series 2024 <br />approving the form and authorizing and directing execution of an Indenture of Trust, <br />an Installment Purchase Contract and an Escrow Deposit and Trust Agreement, <br />approving the form and authorizing the sale of bonds pursuant to a Bond Purchase <br />Agreement, approving an Official Statement, and authorizing related documents and <br />actions.