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B. Approval of bond financing documents in connection with the issuance of City of <br /> Redwood City Public Financing Authority (the "PFA") Lease Revenue Bonds (the <br /> "2003 Bonds") - CITY COUNCIL AND PUBLIC FINANCING AUTHORITY <br /> <br /> Staff contact: Brian Ponty, Director of Finance and Financial Planning <br /> 780-7048 bponty~redwoodcity.or.q <br /> <br /> 1) Staff Report; <br /> <br /> 2) Open public hearing; <br /> <br /> 3) Hear public comment; <br /> <br /> 4) Close public hearing; <br /> <br /> 5) Council discussion; <br /> <br /> Recommendation: <br /> It is recommended that the City Council and the Board of the Public Financing <br /> Authority adopt respective resolutions which will provide for the issuance of up to <br /> $12.5 million of Public Financing Authority lease revenue bonds. These <br /> resolutions will approve, in substantially final form, the following documents: <br /> <br /> · Indenture of Trust (PFA); <br /> · Subordinate Site Lease (City and PFA); <br /> · Subordinate Lease Agreement (City and PFA); <br />-- · Continuing Disclosure Agreement with the trustee for the 2003 Bonds (City); <br /> · Bond Purchase Contract with the underwriter of the 2003 Bonds (PFA); <br /> · Preliminary Official Statement and its distribution (PFA); and, <br /> <br /> Will authorize all actions specified in the resolutions in connection with the <br /> issuance of the 2003 bonds. <br /> <br /> A RESOLUTION OF THE COUNCIL OF THE CITY OF REDWOOD CITY AUTHORIZING <br /> PROCEEDINGS AND AGREEMENTS RELATING TO THE FINANCING OF THE <br /> ACQUISITION OF LAND FOR PUBLIC USES, APPROVING ISSUANCE AND SALE OF <br /> BONDS BY THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY, <br /> APPROVING AN OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL ACTIONS <br /> <br /> A RESOLUTION OF THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY <br /> AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $12,500,000.00 PRINCIPAL <br /> AMOUNT OF LEASE REVENUE REFUNDING BONDS, SERIES 2003, AUTHORIZING <br /> AND DIRECTING EXECUTION OF AN INDENTURE OF TRUST, A SUBORDINATE SITE <br /> LEASE AND A SUBORDINATE LEASE AGREEMENT, AUTHORIZING THE SALE OF <br /> BONDS PURSUANT TO A PURCHASE CONTRACT, APPROVING AN OFFICIAL <br /> STATEMENT AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO <br /> <br /> JOINT CITY COUNCIL, PUBLIC FINANCING AUTHORITY NOVEMBER 3, 2003 <br /> AND REDEVELOPMENT AGENCY MEETING AGENDA PAGE 5 <br /> <br /> <br />