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__________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ August 26 2024 <br />PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 9 <br />MINUTE BOOK NO. 69 <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 Redwood <br />City Public Financing Authority, authorizing the issuance of not to exceed $16,260,000 <br />principal amount of Water Revenue Refunding Bonds, Series 2024 approving the form <br />and authorizing and directing execution of an Indenture of Trust, an Installment Purchase <br />Contract and an Escrow Deposit and Trust Agreement, approving the form and <br />authorizing the sale of bonds pursuant to a Bond Purchase Agreement, approving an <br />Official Statement, and authorizing related documents and actions. <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br />Motion and second, Howard and Sturken, to: <br />In its capacity as the legislative body of the City of Redwood City, adopt a resolution <br />authorizing proceedings and agreements related to the refinancing of certain water <br />facilities, approving issuance and sale of bonds by the Redwood City Public Financing <br />Authority (PFA), approving an Official Statement, and authorizing related documents <br />and actions. <br />The motion passed unanimously by roll call vote. <br />Motion and second, Howard and Aguirre, to: <br />in its capacity as the governing body of the City of Redwood City Public Financing <br />Authority , adopt a resolution authorizing the issuance of not to exceed $16,260,000 <br />principal amount of Water Revenue Refunding Bonds, Series 2024 approving the form <br />and authorizing and directing execution of an Indenture of Trust, an Installment <br />Purchase Contract, and an Escrow Deposit and Trust Agreement, approving the form <br />and authorizing the sale of bonds pursuant to a Bond Purchase Agreement, approving <br />an Official Statement, and authorizing related documents and actions. <br />The motion passed unanimously by roll call vote. <br />8.B. Resolution for Fiscal Year 2024-25 Pavement Management Program use of Senate Bill <br />1 (SB1) Funds (304) Reso 16242 <br />City Manager Melissa Stevenson Diaz introduced the item, and Engineering and <br />Transportation Director Tanisha Werner gave the presentation. <br />There was no public comment.