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� <br /> 7.0 <br /> ATTACF��I <br /> RESOLUTION NO. <br /> RESOLUTION AUTHORlZING THE ISSUANCE OF SPECIAL TAX <br /> BONDS FOR AND ON BEHALF OF THE CITY OF REDWOOD CITY <br /> COMMUNITY FACILITIES DISTRICT NO. 2010-1 (ONE MARINA), <br /> APPROVING THE FORM OF AND DIRECTING THE EXECUTION OF A <br /> FISCAL AGENT AGREEMENT, AN ACQUISITION AGREEMENT, A <br /> CONTINUING DISCLOSURE AGREEMENT AND A BOND PURCHASE <br /> CONTRACT, APPROVING THE FORM OF OFFICIAL STATEMENT, <br /> APPROVING SALE OF BONDS, AND APPROVING OTHER RELATED <br /> DOCUMENTS AND ACTIONS <br /> WHEREAS, the City Council of the City of Redwood City (the "City") has conducted <br /> proceedings under and pursuant to the Mello-Roos Community Facilities Act of 1982, as <br /> amended (the "Act"), to form the City of Redwood City Community Facilities District No. 2010-1 <br /> (One Marina), City of Redwood City, County of San Mateo, California (the "DistricY'), to <br /> authorize the levy of special taxes upon the land within the District, and to issue bonds in one or <br /> more series secured by said special taxes for the purpose of providing moneys for the <br /> construction and acquisition of improvements within the District; and <br /> WHEREAS, the City Council, as legislative body of the District, authorized the issuance <br /> of one or more series of special tax bonds of the City for the District in the maximum principal <br /> amount of not to exceed $17,000,000 designated "City of Redwood City Community Facilities <br /> District No. 2010-1 (One Marina) Special Tax Bonds, Series 2011" (the "Bonds"); and <br /> WHEREAS, there has been submitted to the City Council a report (the "CFD Reportn) of <br /> David Taussig & Associates, Inc., in compliance with Section 53321.5 of the Act; and <br /> WHEREAS, there has been submitted to the City Council a form of Fiscal Agent <br /> Agreement (the "Fiscal Agent AgreemenY') between the City and U.S. Bank National <br /> Association, as fiscal agent (the "Fiscal Agent"), providing for the issuance of the Bonds for the <br /> District, and the City Council, as legislative body of the District, with the aid of City staff, has <br /> reviewed the Fiscal Agent Agreement and found it to be in proper order, and now desires to <br /> approve the Fiscal Agent Agreement and the issuance of the Bonds; and <br /> WHEREAS, there has been submitted to the City Council a form of Acquisition and <br /> Reimbursement Agreement (the "Acquisition Agreement") between the City and R.C. Peninsula <br /> Park, LLC, a Delaware limited liability company (the "Developer"), providing for the use of <br /> proceeds of the Bonds for the acquisition and funding of certain capital improvements within the <br /> District, and the City Council, as legislative body of the District, with the aid of City staff, has <br /> reviewed the Acquisition Agreement and found it to be in proper order, and now desires to <br /> approve the Acquisition Agreement and the issuance of the Bonds; and <br /> WHEREAS, the City proposes to sell the Bonds to Piper Jaffray & Co. (the <br /> "Underwrite�') pursuant to the terms of a Bond Purchase Agreement (the "Bond Purchase <br /> AgreemenY') befinreen the City and the Underwriter, and the Underwriter proposes to offer the <br /> Bonds to the investing public by means of a Preliminary Official Statement (the "Preliminary <br /> Official StatemenY'); and <br /> ATTY/RESO/RES0.207D <br /> 112410 � <br />