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7.A. - Page 27 Attachment 6
<br /> be contained in the Annual Report and any notices of enumerated events is summarized below
<br /> under the caption "CONTINUING DISCLOSURE." The form of the Continuing Disclosure
<br /> Certificate is set forth in APPENDIX F—FORM OF CONTINUING DISCLOSURE
<br /> CERTIFICATE. The covenants of the City in the Continuing Disclosure Certificate have been
<br /> made in order to assist the Underwriter in complying with S.E.C. Rule 15c2-12(b)(5).
<br /> Tax Matters
<br /> In the opinion of Nossaman LLP, Irvine, California, Bond Counsel, based on existing
<br /> statutes, regulations, rulings and court decisions and assuming, among other matters,
<br /> compliance with certain covenants, interest on the Bonds is excludable from gross income for
<br /> federal income tax purposes, and is not a specific preference item for purposes of the federal
<br /> individual or corporate alternative minimum taxes, although Bond Counsel observes that it is
<br /> included in adjusted current earnings in calculating corporate alternative minimum taxable
<br /> income. In the further opinion of Bond Counsel, interest on the Bonds is, under existing law,
<br /> exempt from State of California personal income taxes. Bond Counsel expresses no opinion
<br /> regarding other federal or State tax consequences relating to the ownership or disposition of, or
<br /> the accrual or receipt of interest on,the Bonds. See "TAX MATTERS."
<br /> Professionals Involved in the Offering
<br /> The proceedings of the Authority and the City in connection with the issuance of the
<br /> Bonds are subject to the approval as to their legality of Nossaman LLP, Irvine, California, Bond
<br /> Counsel. Certain legal matters will be passed upon for the Authority and the City by Quint &
<br /> Thimmig LLP, San Francisco, California, as Disclosure Counsel, and by Pamela Thompson,
<br /> Esq.,the City Attorney. U.S. Bank National Association,San Francisco,California,will act as the
<br /> Trustee under the Indenture. The fees of Bond Counsel and Disclosure Counsel and the Trustee
<br /> are contingent upon the sale and delivery of the Bonds.
<br /> Forward-Looking Statements
<br /> This Official Statement, and particularly the information contained under the headings
<br /> entitled "PROJECT," "THE ENTERPRISE," "RISK FACTORS RELATING TO THE BONDS"
<br /> and APPENDIX A—GENERAL INFORMATION ABOUT THE CITY OF REDWOOD CITY
<br /> AND SAN MATEO COUNTY, contains statements relating to future results that are "forward-
<br /> looking statements" as defined in the Private Securities Litigation Reform Act of 2000. When
<br /> used in this Official Statement, the words "estimate," "forecast," "intend," "expect" and similar
<br /> expressions identify forward-looking statements. Such statements are subject to risks and
<br /> uncertainties that could cause actual results to differ materially from those contemplated in
<br /> such forward-looking statements. Any forecast is subject to such uncertainties. Inevitably, some
<br /> assumptions used to develop the forecasts will not be realized and unanticipated events and
<br /> circumstances may occur. Therefore, there are likely to be differences between forecasts and
<br /> actual results, and those differences may be material. The City is not obligated to issue any
<br /> updates or revisions to the forward-looking statements if or when its expectations, or events,
<br /> conditions or circumstances on which such statements are based occur. See "RISK FACTORS
<br /> RELATING TO THE BONDS" and "LIMITATIONS ON TAX REVENUES."
<br /> Other Matters
<br /> There follows in this Official Statement brief descriptions of the Bonds, the security for
<br /> the Bonds, the Indenture, the Installment Purchase Agreement, the Authority, the City, the
<br /> Enterprise, and certain other information relevant to the issuance of the Bonds. The descriptions
<br /> and summaries of documents herein do not purport to be comprehensive or definitive, and
<br /> reference is made to each such document for the complete details of all its respective terms and
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