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p. DEe 19 1985 RESOLUTION NO. lOlUZ ORiGiNAL A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS SEAPORT CENTRE ASSESSMENT DISTRICT RESOLVED, by Redwood City (the California, that the City Council (the "Council") of the City "City"), in the County of San Mateo, State of of WHEREAS, the Council has provided in proceedings conducted under and pursuant to its Resolution of Intention No. 10072, adopted on November 18, 1985, for the levy of assessments to finance the acquisition, work and improvements described therein (the "Project") and for the issuance of serial bonds to represent the unpaid assessments pursuant to the provisions of the Improvement Bond Act of 1915, Division 10 (commencing with Section 8500) of the Streets and Highways Code of the State of California (the "Act"); WHEREAS, a complete list of all unpaid assessments, in form hereto attached as Exhibit "A", has been made by the Finance Director of the City as Collection Officer and filed in his office as Citv Treasurer (the "Treasurer"): WHEREAS, the Council has duly considered said Exhibit "A" and has determined that the same is an accurate statement thereof; NOW, THEREFORE, THE COUNCIL HEREBY DETERMINES AND ORDERS, as follows: Section 1. List of Unpaid Assessments. That the assessments now remaining unpaid are as shown on said list of unpaid assessments and on Exhibit "A" attached hereto and by this reference made a part hereof, that the aggregate amount thereof is $11,133,530.98, and that for a particular description of the lots or parcels of land bearing the respective assessment numbers set forth in said list, reference is hereby made to the assessment and to the diagram recorded in the office of the Superintendent of Streets of the City after confirmation by the Council. Section 2. Issuance of Bonds. Bonds aggregating $11,133,530.98 in principal amount shall be issued upon the security of said unpaid assessments in accordance with the provisions of the Act and under and pursuant to the provisions of said Resolution of Intention, and the proceedings thereunder duly had and taken, shall be issued in fully registered form, without coupons, shall be known as "Improvement Bonds, City of Redwood City, Seaport Centre Assessment District" (the "Bonds" and singularly the "Bond"), he dated December 30, 1985, be numbered as determined by the Agent hereinafter designated, be of the denomination of $5,000 or an integral multiple thereof (except that one Bond of the 0') ". ,:..J