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11/23/2020 RESOLUTION NO. 15917 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY CALLING A SPECIAL ELECTION IN THE CITY OF REDWOOD CITY COMMUNITY FACILITIES DISTRICT NO. 2020-1 (SEAPORT CENTRE/SEAPORT PLAZA) WHEREAS, under City of Redwood City's (the "City") Special Tax Financing Law (Chapter 32, Article XIII of the Redwood City Municipal Code) (the "CFD Law") which incorporates the Mello -Roos Community Facilities Act of 1982, as amended (the "Act"), this City Council (the "City Council") is authorized to establish a community facilities district and to act as the legislative body for a community facilities district; and WHEREAS, this City Council has adopted a resolution entitled "A Resolution of the City Council of the City of Redwood City Forming City of Redwood Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza), and Approving Related Documents and Actions" (the "Resolution of Formation"), ordering the formation of the "City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza)" (the "CFD"), authorizing the levy of special taxes on property within the CFD and preliminarily establishing an appropriations limit for the CFD, all pursuant to the CFD Law and WHEREAS, this City Council has also adopted a resolution entitled "A Resolution of the City Council of the City of Redwood City Determining Necessity to Incur Bonded Indebtedness and Other Debt Payable from Special Taxes Levied in City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza), and Approving Related Documents and Actions" (the "Resolution Determining Necessity"), determining the necessity to incur bonded indebtedness and other debt (as defined in the Act) in the maximum aggregate principal amount of $25,000,000 upon the security of the Facilities Special Tax (as defined in the Resolution of Formation) to be levied within the CFD pursuant to the CFD Law; and WHEREAS, pursuant to the provisions of the Resolution of Formation and the Resolution Determining Necessity, the propositions of the levy of the special taxes described in the Resolution of Formation, the establishment of the appropriations limit and the incurring of the bonded indebtedness and other debt shall be submitted to the qualified electors of the CFD as required by the provisions of the CFD Law; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY AS FOLLOWS: Section 1. Issues Submitted. Pursuant to Sections 53326, 53351 and 53325.7 of the Act, the issues of the levy of the special taxes described in the Resolution of Formation, the incurring of bonded indebtedness and other debt and the establishment of the appropriations limit shall be submitted to the qualified electors (as defined below) of the CFD at an election called therefor as provided below. ATTY/RES0.0133/CC RESO CALLING FOR SPECIAL ELECTION RWC CFD SEAPORT RESO. N0. 15917 REV: 11-13-2020 MI MUFF NO. 506 Page 1 of 6