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8.A. - Page 25 OFFICIAL STATEMENT $6,340,000� CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2000-1 (PACIFIC SHORES PROJECT) SPECIAL TAX REFUNDING BONDS, SERIES 2012 INTRODUCTION Tliis introcli�ctio�l is not a sitrrTfnai� of t}iis Officic�l Statement and is onl� a brief description of c�nd �uide to, c��id is qualifiecl bl�, more co�nplete and c�etailed i�ifor��TC�tio�i containecl in the e�itire Official Statef�ient anc� the c�oeufrients sumf�larizeci or c�escribecl in this Official Stcrtef�le�Tt. A fi�ll revieu� shoi�lc� be fiiade of the entire Official State��lent b� those irite�ested i�1 piu�chcrsin� tlie Bonds. T11e scrle and cleliver� of Bonds to potenticil in��estors is mc�cle onl� b1� means of the entire Offieial State�flent. Certain c�pitalizec� tc��ms usec� i�T tllis Offieial Stateme�it and not ciefi�led lierein have the ��Tec�ni�ig set forth in Ap}�enclix C—"Suf�ima� of the Fiscal A�ent A�reement—L�efinitioiis" anc� in Appe�TC�ix B—"Rate cr�1d Method. " General The purpose of this Official Stltement, which includes the cover page, the inside cover page, the table of conteilts and the attached appendices (the "Official Statement"), is to provide certain information concerning tlle issuance of the above-captioned bonds (the °Bonds"). The Bonds are being issued by the City of Redwood City, Califorrua (the "City"), for and on behalf of the City of Redwood City Community Facilities District No. 2000-1 (Pacific Shores Project) (the "District"), to (i) refund in full and defease the City of Redwood City Community Facilities District No. 2000-1 (Pacific Shores Project) Special Tax Bonds, Series 2000A (the "Prior Bonds"), (ii) fund a reserve fund for the Bonds, and (iii) pay costs of issuing the Bonds and the refunding of the Prior Bonds. See "PLAN OF REFUNDING." The Prior Bonds were issued to finance public improvements authorized to be funded by the District (the "Improvements"). See "THE DISTIZICT." Authority for Issuance General. The District was formed under the authority of the Mello-Roos Community Facilities Act of 1982, as amended, commencing at Section 53311, et seq., of the California Government Code (the "Act"), which was enacted by the California Legislature to provide an alternative method of financing certain public capital facilities and services, especially in developing areas of the State. The Act authorizes local governmental entities to establish community facilities districts as legally constituted governmental entities within defined boundaries, with the legislative body of the local appliclble governmental entity acting on behalf of the district. Subject to approval by at least a two-thirds vote of the votes cast by the qualified electors within a district and compliance with the provisions of the Act, the legislative body may issue bonds for the community facilities district established by it and may levy and collect a special tax within such district to repay such bonds. Bond Authority. The Bonds are authorized to be issued pursuant to the Act, a resolution adopted on January 9, 2012 by the City Council of the City (the "City Council") lcting as the legislative body of the District, and the Fiscal Agent Agreement dlted as of January 1, 2012 (the "Fiscal Agent Agreernent"), between the City, for and on behalf of the �� Preliminary, subject to change. -1-