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11/OS/2012 Section 3. The City Council hereby appoints De La Rosa & Co (the "Underwriter"), San Francisco, California, as the underwriter for the Bonds. The Director of Finance is authorized and directed to prepare or cause to be prepared a form of a bond purchase agreement to be entered into by and between the City and the Underwriter in connection with the sale of the Bonds to the Underwriter, such form of bond purchase agreement to be approved by this City Council at a later date. Section 4. The City Council hereby acknowledges receipt of the proposal of the firm of Nossaman LLP to act as bond counsel to the City in connection with the issuance of the Bonds. The City Council hereby authorizes and directs the Director of Finance to execute and deliver an agreement with said firm for its services; provided that: (a) the agreement is consistent with said firm's proposal heretofore submitted to the City and contains terms (including those regarding compensation) no less favorable to the City than as set forth in such proposal, and (b) any and all compensation to such firm under the agreement is payable solely from the Deposits, the proceeds of the Bonds, or the proceeds of the levy of special taxes within the CFD. Section 5. The City Council hereby acknowledges receipt of the proposal of the firm of Quint and Thimmig LLP to act as disclosure counsel to the City in connection with the proposed issuance of the Bonds. The City Council hereby authorizes and directs the Director of Finance to execute and deliver an agreement with said firm for its services; provided that: (a) the agreement is consistent with said firm's proposal heretofore submitted to the City and contains terms (including those regarding compensation) no less favorable to the City than as set forth in such proposal, and (b) any and all compensation to such firm under the agreement is payable solely from the Deposits, the proceeds of the Bonds, or the proceeds of the levy of special taxes within the CFD. Section 6. The City Manager, the Director of Finance, the City Clerk and all other employees of City are hereby authorized and directed to take such actions as are necessary or appropriate to process any request of the Owner to refund the Redwood Shores Project, and to present to this City Council all resolutions necessary in connection therewith and also to authorize contracts with the consultants appointed herein. Nothing in this Resolution shall in any way commit the City Council to issue any Bonds. Section 7. This resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED this 5th day of November 2012. ATTY/RES0.2797/REFUNDING CFD 99-1 APPOINTING CONSULTANTS RESO.#15227 REV: 10-16-12 PT MUFF#505 Page 2 of 2