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a,7.A. - Page 10 <br /> RESOLUTION NO. <br /> A RESOLUTION OF THE CITY OF REDWOOD CITY PUBLIC <br /> FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO <br /> EXCEED $30,500,000 PRINCIPAL AMOUNT OF WATER REVENUE <br /> REFUNDING BONDS, SERIES 2013, APPROVING THE FORM AND <br /> AUTHORIZING AND DIRECTING EXECUTION OF AN INDENTURE OF <br /> TRUST AND AN INSTALLMENT PURCHASE CONTRACT, <br /> APPROVING THE FORM AND AUTHORIZING THE SALE OF BONDS <br /> PURSUANT TO A NOTICE OF SALE, APPROVING AN OFFICIAL <br /> STATEMENT AND PROVIDING OTHER MATTERS PROPERLY <br /> RELATING THERETO <br /> WHEREAS, the City of Redwood City Public Financing Authority (the "Authority") <br /> is a joint powers authority duly organized and existing under and pursuant to that certain <br /> Joint Exercise of Powers Agreement dated as of June 18, 1991, by and between the <br /> City of Redwood City (the "City") and the City of Redwood City Redevelopment Agency <br /> (the "Agency"), and under the provisions of Articles 1 through 4 (commencing with <br /> Section 6500) of Chapter 5 of Division 7 of Title 1 of the Government Code of the State <br /> of California (the "Act"), and is authorized pursuant to Article 4 of the Act to, among <br /> other things, borrow money for the purpose of financing and refinancing public capital <br /> improvements of the City; and <br /> WHEREAS, pursuant to an Indenture of Trust, dated as of February 1, 2005 (the <br /> "2005 Indenture") between the Authority and The Bank of New York Trust Company, <br /> N.A., as trustee (the "Prior Trustee"), the Authority issued its Water Revenue Bonds, <br /> Series 2005A, in the original principal amount of $35,790,000, of which $29,305,000 <br /> remains outstanding (the "Refunded Bonds"); and <br /> WHEREAS, the Refunded Bonds are special obligations of the Authority payable <br /> from the revenues pledged under the 2005 Indenture, consisting primarily of installment <br /> payments (the "2005 Installment Payments") to be made by the City under an <br /> installment purchase contract, dated as of February 1, 2005, between the Authority and <br /> the City (the "2005 Installment Purchase Contract"); and <br /> WHEREAS, the Authority has determined that it is in the interests of the Authority <br /> and the City at this time to provide for the refinancing of the Refunded Bonds, as <br /> described in the Indenture and the Installment Purchase Contract (defined herein); and <br /> WHEREAS, in order to provide funds to refinance the Refunded Bonds, the <br /> Authority proposes to issue its City of Redwood City Public Financing Authority Water <br /> Revenue Refunding Bonds, Series 2013, in the aggregate principal amount of not to <br /> exceed $30,500,000 (the "Bonds"), under the provisions of an Indenture of Trust (the <br /> ATTY/RES0.2856/PFA WATER REV BONDS JPA RESO <br /> REV:OS-06-13 PT <br /> Page 1 of 4 <br />