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_ 12/18/00
<br />O R I G I N A L
<br />RESOLUTION NO. 14112
<br />RESOLUTION OF THE COUNCIL OF THE CITY OF REDWOOD CITY,
<br />ACTING AS THE LEGISLATIVE BODY OF REDWOOD SHORES
<br />COMMUNITY FACILITIES DISTRICT NO. 99 -1 (SHORES TRANSPORTATION
<br />IMPROVEMENT PROJECT) OF THE CITY OF REDWOOD CITY, STATING
<br />ITS INTENTION TO ISSUE BONDS AND AUTHORIZING THE ISSUANCE OF
<br />ITS SPECIAL TAX BONDS, SERIES 2001A, IN AN AGGREGATE PRINCIPAL
<br />AMOUNT NOT TO EXCEED $5,500,000 AND APPROVING CERTAIN
<br />DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION
<br />THEREWITH
<br />WHEREAS, on March 22, 1999, the Council of the City of Redwood City (the "Council ")
<br />adopted its Resolution No. 13590 stating its intention to form Redwood Shores Community Facilities
<br />District No. 99 -1 (Shores Transportation Improvement Project) of the City of Redwood City (the
<br />"District ") pursuant to the Mello -Roos Community Facilities Act of 1982, as amended (constituting
<br />Section 53311 et seq. of the Government Code) (the "Act"), for the purpose of financing certain
<br />facilities and incidental expenses described in Resolution No. 13590; and
<br />WHEREAS, on April 26, 1999, following a noticed hearing, the Council adopted
<br />Resolution Nos. 13610 and 13611 which established the District, authorized the levy of a special tax
<br />in accordance with the Rate and Method of Apportionment attached to Resolution No. 1311, and
<br />called an election within the District for July 30, 1999 on the proposition of levying a special tax,
<br />authorizing the issuance of bonds in a principal amount not to exceed $13,535,000, and establishing
<br />an appropriations limit (the "Proposition "); and
<br />WHEREAS, on August 9, 1999, the Council, acting as the legislative body of the District,
<br />adopted Resolution No. 13693 certifying the results of the July 30, 1999 election conducted by the
<br />City Clerk, which results showed that more than two- thirds of the votes cast were in favor of the
<br />Proposition; and
<br />WHEREAS, pursuant to the Act, the District is now authorized to issue bonds in one or more
<br />series, in an aggregate principal amount not to exceed $13,535,000, to finance (1) the construction,
<br />purchase, modification, expansion, improvement, or rehabilitation of streets, traffic signals, street
<br />intersections, and freeway interchanges (including incidental construction, purchase, modification,
<br />expansion, improvement, or rehabilitation of sanitary sewers, storm drainage facilities, utilities,
<br />parks, landscaping, and other infrastructure improvements and relocations) for the following projects,
<br />including all furnishings, equipment, and supplies related thereto (collectively, the "Facilities "):
<br />(a) the Marine Parkway intersection at or near Oracle West/Shoreway Road; (b) the Marine Parkway
<br />intersection at or near Twin Dolphin Parkway; (c) the Marine Parkway intersection at or near Bridge
<br />Parkway; (d) the Redwood Shores Parkway intersection at or near Bridge Parkway; (e) the Ralston
<br />Avenue intersection at or near Hiller Street; (f) the northbound U.S. 101 on -ramp at the Marine
<br />Parkway/Ralston Avenue interchange; (g) the HOV bypass lanes at the northbound U.S. 101 on -ramp
<br />at the Ralston Avenue interchange; and (h) the reconfiguration of the U.S. 101/Marine
<br />Parkway/Ralston Avenue interchange to a partial cloverleaf design; all as such improvements are
<br />more fully described in the "Shores Transportation Improvement District (STID) Final Report -
<br />Phase II" report dated as of April 10, 1998 and supplemented in the "Shores Transportation
<br />Improvement District (STID) Supplement to Final Report" supplement dated as of June 10, 1998
<br />prepared by Brian Kangas Foulk, and (2) incidental expenses to be incurred, including (a) the cost of
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