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SALE OF BONDS BY THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY, APPROVING AN OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL ACTIONS _1• ADOPT RESOLUTION PFA 03 -03 OF THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $12,500,000.00 PRINCIPAL AMOUNT OF LEASE REVENUE REFUNDING BONDS, SERIES 2003, AUTHORIZING AND DIRECTING EXECUTION OF AN INDENTURE OF TRUST, A SUBORDINATE SITE LEASE AND A SUBORDINATE LEASE AGREEMENT, AUTHORIZING THE SALE OF BONDS PURSUANT TO A PURCHASE CONTRACT, APPROVING AN OFFICIAL STATEMENT AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO The motion passed by a majority roll call vote by those present with Vice Mayor Ira abstaining. 10. STAFF REPORTS — PUBLIC FINANCING AUTHORITY (508) A. Appointment of a bond underwriter, financial advisor, bond* counsel, and disclosure counsel to provide professional services in connection with 11 the sale of bonds by the Redwood City Public Financing Authority Recommendation: M/S Ruskin /Hartnett to, in connection with the sale of bonds, to refinance existing bonds and to provide supplemental funding for various downtown improvements, approve by motion the appointment of: • Stone & Youngberg LLC as bond underwriter • William Euphrat Municipal Finance, Inc. as financial advisor, • Nossaman, Gunther, Knox & Elliot as bond counsel, and • Jones Hall as disclosure counsel, And authorizing the Authority's Finance Director to enter into professional service contracts for such services. The motion passed by a majority roll call vote by those present with Vice Mayor Ira abstaining. PFA MINUTE ORDER 03 -01 M/S Ruskin /Howard to adjourn the Public Financing Authority meeting. The motion passed by a unanimous voice vote by those present. 11. MATTERS OF COUNCIL INTEREST JOINT CITY COUNCIL, PUBLIC FINANCING AUTHORITY NOVEMBER 3, 2003 AND REDEVELOPMENT AGENCY MEETING MINUTES PAGE 8 MINUTES Book No. 60 Page No. 94