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RESOLUTION NO. ______
<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD
<br />CITY APPROVING THE ISSUANCE OF THE CALIFORNIA STATEWIDE
<br />COMMUNITIES DEVELOPMENT AUTHORITY REVENUE BONDS
<br />(KAISER PERMANENTE),SERIES 2012 IN AN AGGREGATE
<br />PRINCIPAL AMOUNT NOTTO EXCEED $2,000,000,000FOR THE
<br />PURPOSE OF FINANCINGOR REFINANCING THE ACQUISITION,
<br />CONSTRUCTION, IMPROVEMENT, EQUIPPING, RENOVATION,
<br />REHABILITATION, REMODELING AND OTHER CAPITAL PROJECTS
<br />OF CERTAIN HEALTH FACILITIES AND CERTAINOTHER MATTERS
<br />RELATING THERETO
<br />WHEREAS
<br />, Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc.,
<br />Kaiser Health Plan Asset Management, Inc., and Kaiser Hospital Asset Management,
<br />Inc., each a California nonprofit public benefit corporation (collectively, “Kaiser”), have
<br />requested that the California Statewide Communities Development Authority (the
<br />“Authority”) participate in the issuance of one or more series of revenue bonds in an
<br />aggregate principal amount not to exceed $2,000,000,000 (the “Bonds”) for the purpose
<br />of, among other things, financing or refinancing the acquisition, construction,
<br />improvement, equipping, renovation, rehabilitation, remodeling and other capital
<br />projects of certain health facilities (the “Facilities”) owned or operated by Kaiser
<br />Foundation Hospitals orits affiliates (the“Project”) and located in the City of Redwood
<br />City (the “City”);and
<br />WHEREAS
<br />, pursuant to Section 147(f) of the Internal Revenue Code of 1986
<br />(the “Code”), the issuance of the Bonds by the Authority must be approved by the City
<br />becausethe Facilities are located within the territorial limits of the City; and
<br />WHEREAS
<br />, the City Council of the City (the “City Council”) is the elected
<br />legislative body of the City and is one of the applicable elected representatives required
<br />to approve the issuance of the Bonds under Section 147(f) of the Code; and
<br />WHEREAS
<br />, the Authority has requested that the City Council approve the
<br />issuance of the Bonds by the Authority for the purposes of financing or refinancing the
<br />Project in order to satisfy the publicapproval requirement of Section 147(f) of the Code
<br />and the requirements of Section 9 of the Amended and Restated Joint Exercise of
<br />Powers Agreement, dated as of June 1, 1988 (the “Agreement”), among certain local
<br />agencies, including the City; and
<br />WHEREAS
<br />,pursuant to Section 147(f) of the Code, the City Council has,
<br />following notice duly given, held a public hearing regarding the issuance of the Bonds,
<br />and now desires to approve the issuance of the Bonds by the Authority;
<br />NOW, THEREFORE, BE IT RESOLVED
<br />, bythe City Council of the City of
<br />Redwood City as follows:
<br />ATTY/RESO.2214/KAISER PERMANENTE BONDS
<br />REV:03-01-12
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