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09/13/2010 ORIGINAL RESOLUTION NO. 15054 RESOLUTION CALLING SPECIAL ELECTION WITHIN CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2010 -1 (ONE MARINA) WHEREAS, on this date, this City Council adopted a resolution entitled "Resolution of Formation of City of Redwood City Community Facilities District No. 2010 -1 (One Marina), Authorizing the Levy of a Special Tax Within the District, Preliminarily Establishing an Appropriations Limit for the District and Submitting Levy of the Special Tax and the Establishment of the Appropriations Limit to the Qualified Electors of the District" (the "Resolution of Formation "), ordering the formation of the City of Redwood City Community Facilities District No. 2010 -1 (One Marina) (the "District "), authorizing the levy of a special tax on property within the District and preliminarily establishing an appropriations limit for the District; and WHEREAS, on this date, this City Council also adopted a resolution entitled "Resolution Determining the Necessity to Incur Bonded Indebtedness Within City of Redwood City Community Facilities District No. 2010 -1 (One Marina) and Submitting Proposition to the Qualified Electors of the District" (the "Resolution to Incur Indebtedness "), determining the necessity to incur bonded indebtedness in the maximum aggregate principal amount of $17,000,000 upon the security of the special tax to be levied within the District; and WHEREAS, pursuant to the provisions of said resolutions, the propositions of the levy of said special tax, the establishment of the appropriations limit and the incurring of the bonded indebtedness is to be submitted to the qualified electors of the District as required by the Mello -Roos Community Facilities Act of 1982, California Government Code Section 53311 et seq. (the "Law" ). NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redwood City as follows: Section 1. Pursuant to Sections 53325.7, 53326 and 53351 of the Law, the issues of the levy of said special tax, the incurring of bonded indebtedness and the establishment of said appropriations limit shall be submitted to the qualified electors of the District at an election called therefor as provided below. Section 2. As authorized by Section 53353.5 of the Law, the three propositions described in paragraph 1 above shall be combined into a single ballot measure, the form of which is attached hereto as Exhibit A and by this reference incorporated herein. The form of ballot is hereby approved. Section 3. This City Council hereby finds that fewer than 12 persons have been registered to vote within the territory of the District for each of the ninety (90) days ATTY /RESO /RESO.2045 #15054 090110 MUFF # 506