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<br />JES:djk 06/~~/9l <br /> <br />(074/28) <br /> <br />a RIG I :..¡ A L <br /> <br />6/10/91 <br /> <br />RESOLUT.!'2~; <br /> <br />N O. <br /> <br />11531 <br /> <br />RESOLUTION APPROVING AND ApTHORIZING <br />AGREEMENT FOR BOND COUNSEL SERVICES <br /> <br />EXECUTION <br /> <br />OF <br /> <br />WHEREAS, <br /> <br />the City of Redwood City proposes to finance the <br /> <br />construction of new capital projects including police facilities <br /> <br />and other public improvements by entering into a lease agreement <br /> <br />and aut.horizing the establishment of a joint exercise of powers <br /> <br />agency which will issue bonds <br /> <br />secured by payments to be made <br /> <br />under the lease agreement; and <br /> <br />WHEREAS, this Council has also determined that substantial <br /> <br />savings will be realized by refinancing certain debt obligations <br /> <br />entered int.o pursuant to that cert.ain Lease Agreement dated as of <br /> <br />June <br /> <br />15, <br /> <br />1986 <br /> <br />between <br /> <br />the <br /> <br />City <br /> <br />and <br /> <br />the <br /> <br />Redwood <br /> <br />City <br /> <br />Public <br /> <br />Facilities Infrastructure Authority; and <br /> <br />WHEREAS, <br /> <br />the Redevelopment Agency of the City of Redwood <br /> <br />City has <br /> <br />det.ermined <br /> <br />t.o <br /> <br />finance <br /> <br />certain redevelopment projects <br /> <br />through issuance of tax allocation bonds; and <br /> <br />WHEREAS, <br /> <br />the <br /> <br />City <br /> <br />and <br /> <br />t.he <br /> <br />Redevelopment <br /> <br />Agency <br /> <br />have <br /> <br />determined that substantial savings will be achieved by combining <br /> <br />the <br /> <br />financing of the above-referenced City capital improvement. <br /> <br />projects, the refunding of the 1986 Lease Agreement, and the tax <br /> <br />allocation bond financing; and <br /> <br />WHEREAS, the City requires special legal counsel to provide <br /> <br />bond counsel services in connection with the foregoing financing <br /> <br />program; and <br /> <br />WHEREAS, <br /> <br />Jones <br /> <br />Hall <br /> <br />Hill <br /> <br />& <br /> <br />White, <br /> <br />a <br /> <br />Professional <br /> <br />Law <br /> <br />Corporation, of San Francisco, California, represents that it is <br />