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�. <br /> INSTALLMENT PURCHASE CONTRACT <br /> - This INSTALLMENT PURCHASE CONTRACT, dated as of June l, 2013 (the <br /> "Installment Purchase Contract"), between the CITY OF REDWOOD CITY, a charter city and <br /> municipal corporation duly organized and existing under its charter and the Constitution and <br /> laws of the State of California (the "City"), and the CTTY OF REDWOOD CITY PUBLIC <br /> FINAIVCING AUTHORITY, a joint powers authority, operating and acting pursuant to the laws <br /> of the State of California(the"Authority"); <br /> WITNESSETH: <br /> WHEREAS, the City is authorized by its Charter and the laws of the State of California <br /> to acquire certain improvements (the "Project") to the City's water system (the"Enterprise")and <br /> to finance and.refinance the construction of such facilities through.the execution of installment <br /> purchase contracts;and <br /> WHEREAS, in order to finance certain improvements to the Enterprise (collectively, the <br /> "Project"), the City and the Authority have previously entered into an Installment Purchase <br /> Contract,dated as of February 1,2005 (the"2005 Installment Purchase Contract"); and <br /> WHEREAS, the Authority is authoriz�d under the Marks Roos Local Bond Pooling Act <br /> of 1985 (commencing with Section 6584 of the California Government Code) (the "Act") to <br /> incur indebtedness to finance and refinance public capital improvements (as such term is defined <br /> in the Act);and <br /> WHEREAS, the City has determined that it is in the best interests of the City and its <br /> citizens, and is necessary and proper for City puiposes, that the City refinance its obligations <br /> under the 2005 Installment Purchase Contract in the manner described herein, and that the City <br /> pay the Authority for the costs of the Project in the manner described herein;and <br /> WHEREAS, all acts, conditions and things required by law to exist, to have happened <br /> and to have been performed precedent to and in connection with the execution and entering into <br /> of this Installment Purchase Contract do exist, have happened and have been performed in <br /> regular and due time, form and manner as required by law, and the parties hereto are now duly <br /> authorized to execute and enter into this Installment Purchase Contract; <br /> NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND OF THE <br /> MUTUAL AGREEMENTS AND COVENANTS CONTAINED HEREIN AND FOR OTHER <br /> VALUABLE CONSIDERATION, THE PARTIES HERETO DO HEREBY AGREE AS <br /> FOLLOWS: <br /> 1 <br /> 338529_1.DOC <br />