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06/21/2004 ORIGINAL RESOLUTION NO. 14594 RESOLUTION OF THE COUNCIL OF THE CITY ACTING AS THE LEGISLATIVE BODY OF FACILITIES DISTRICT NO. 99 -1 AUTHORIZING OF SPECIAL TAX FOR FISCAL YEAR 200412005 OF REDWOOD CITY THE COMMUNITY THE ANNUAL LEVY RESOLVED, by the City Council of the City of Redwood City, California (the "City Council "), acting as the Legislative Body of the Community Facilities District No. 99 -1 (the "Legislative Body ") as follows: WHEREAS, the City Council has conducted proceedings under and pursuant to the Mello -Roos Community Facilities Act of 1982, as amended (the "Act "), to form the City of Redwood City Community Facilities District No. 99 -1 (Shores Transportation Improvement Project) (the "District "), to authorize the levy of special taxes upon the land within the District, and to issue bonds secured by said special taxes to finance certain facilities; and WHEREAS, the Legislative Body has, pursuant to Ordinance No. 2180, enacted on August 23, 1999 (the "Ordinance "), as authorized by section 53340 of the California Government Code, authorized the levy of a special tax to pay for costs and expenses related to the District, and the Legislative Body desires to establish the specific rate of the special tax to be collected for the next fiscal year. NOW, THEREFORE, it is hereby determined and ordered as follows: The above recitals are all true and correct. 2. The specific rate and amount of the special tax to be collected to pay for costs and expenses for Fiscal Year 2004/2005 for the District is hereby determined and established as set forth in Exhibit A, attached hereto and incorporated by reference. 3. The rate determined and as set forth above does not exceed the amount as previously authorized by the Ordinance and is not in excess of that amount previously approved by the qualified elector of the District, and is in accordance with Proposition 218, Section XIIID of the California State Constitution. 4. That the proceeds of the special tax shall be used to pay, in whole or in part, the costs of the following, in the following order of priority: (a) Payment of principal of and interest on any outstanding authorized bonded indebtedness; Atty /Reso /Reso.1472 14594 061504 1 Muff # 508