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i <br /> Approve by resolution, authorization for the issuance and sale of Special Tax <br /> Refunding Bonds for and on behalf of the City of Redwood City Community <br /> Facilities District No. 2000-1 (Pacific Shores Project) and approval of all <br /> documents and agreements, including the Preliminary Official Statement, <br /> necessary to issue such bonds. <br /> RESOLUTION NO. 15163 AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS <br /> FOR AND ON BEHALF OF THE CITY OF REDWOOD CITY COMMUNITY FACILITIES <br /> DISTRICT NO. 2000-1 (PACIFIC SHORES PROJECT), APPROVING THE FORM OF <br /> AND DIRECTING THE EXECUTION OF A FISCAL AGENT AGREEMENT, ESCROW <br /> INSTRUCTIONS, A CONTINUING DISCLOSURE AGREEMENT AND A BOND <br /> PURCHASE AGREEMENT, APPROVING THE FORM OF AN OFFICIAL STATEMENT, <br /> APPROVING SALE OF BONDS, AND APPROVING OTHER RELATED DOCUMENTS <br /> AND ACTIONS <br /> Brian Ponty, Finance Director, presented the report asking Council to provide staff the <br /> authority to issue bonds. He provided some background information on the genesis of <br /> the bonds and the development agreement. Mr. Ponty said there are no city funds at <br /> risk and these are not secured by the city. The only securities are the eleven properties <br /> involved in the transaction. Mr. Ponty added that the owners are being charged for the <br /> time staff is spending on this. The financial team was present to answer any questions <br /> and Mr. Ponty introduced Jeff Stava and others. <br /> One Council Member inquired if this transaction would be impacting our bond rating and <br /> Mr. Ponty said no. <br /> M/S Seybert/Ira to approve the resolution. Motion carried unanimously by roll call <br /> vote. <br /> B. An Ordinance Adding Division 5.5, Sections 3.93 through 3.96, of <br /> Chapter 3 to the Redwood City Code Relating to Modification of Sign <br /> Regulations. (305) <br /> Recommendation: <br /> Waive First Reading and Introduce an Ordinance Adding a New Division 5.5, <br /> Sections 3.93 through 3.96, of Chapter 3 to the Redwood City Code Relating <br /> to Modification of Sign Regulations. <br /> AN ORDINANCE OF THE CITY OF REDWOOD CITY ADDING DIVISION 5.5, <br /> SECTIONS 3.93 THROUGH 3.96 OF CHAPTER 3 TO THE REDWOOD CITY <br /> MUNICIPAL CODE RELATING TO MODIFICATION OF SIGN REGULATIONS <br /> Bill Ekern, Director of Community Development, said this is clean-up legislation and this <br /> is something he worked on with the City Attorney's office. One Council Member wanted <br /> to know how folks will be informed and Mr. Ekern said they plan to place it on the <br /> website and will do some outreach to the developer world. <br /> JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD January 9, 2012 <br /> MEETING MINUTES PAGE 9 <br /> MINUTE BOOK NO. 64 <br /> Page No. 09 <br />