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� <br /> � COPY <br /> RESOLUTION NO. P- ?267 <br /> RESOLUTION OF THE BOARD OF PORT COMMISSIONERS <br /> OF THE PORT DEPARTMENT OF THE CITY OF REDWOOD <br /> CITY AUTHORIZING THE ISSUANCE OF REVENUE BONDS, <br /> APPROVING AN OFFICIAL STATEMENT, AUTHORIZING THE <br /> EXECUTION AND DELIVERY OF A THIRD SUPPLEMENTAL <br /> INDENTURE, AND ESCROW DEPOSIT AND TRUST <br /> AGREEMENT AND A BOND PURCHASE AGREEMENT AND <br /> AUTHORIZING CERTAIN RELATED MATTERS <br /> WHEREAS, the Port Department of the City of Redwood City (the "Port") is a duly <br /> constituted department of the City of Redwood City (the uCity") and the Board of Port <br /> Commissioners of the Port has exclusive control, management supervision and jurisdiction of <br /> the Port Department of the City, the Port of Redwood City and the Port Area of the City, and is <br /> the governing body of said Port, Port of Redwood City and Port Area, all as provided for and <br /> defined in Sections 47 through 50b of the Charter of the City; and is authorized by said Charter <br /> and by Govemment Code Section 54300 et seq. and other laws of the State of California <br /> (collectively, the �Bond Law") to issue bonds for the purpose of financing and refinancing the <br /> acquisition, construction and repair of Part facilities and improvements; <br /> WHEREAS, the Board of Port Commissioners of the Port and the California Department <br /> of Boating and Waterways ("DBW") previously entered into a contract dated January 20, 1992 <br /> (Contract No. 91-102-204), as amended by a First Amendment to Contract dated March 20, <br /> 1993, a Second Amendment to Contract dated May 1, 1994 and a Third Amendment to <br /> Contract dated March 3, 1999 (collectively, the "DBW Contract"), pursuant to which DBW made <br /> a loan to the Port in the amount of$880,000 and the Port agreed to repay the loan; <br /> WHEREAS, the Board of Port Commissioners of the Port previously entered into that <br /> certain Master Indenture, dated as of April 1, 1999 (the "Master Indenture"), by and between the <br /> Port and U.S. Bank Trust National Association, since succeeded by U.S. Bank National <br /> Association as trustee (the �Trustee), and caused the issuance of its Revenue Bonds, Series <br /> 1999 (the "Series 1999 Bonds") pursuant to a First Supplemental Indenture, dated as of April 1, <br /> 1999 (the "First Supplemental Indenture"), by and between the Board of Port Commissioners of <br /> the Port and the Trustee; <br /> WHEREAS, on November 24, 1998, the Port held a duly noticed public hearing <br /> conceming the 1999 Bonds and the nature and location of the facitities, after which the Port <br /> adopted its Resolution No. P-1622 and its Resolution No. P-1628 approving the issuance of the <br /> 1999 Bonds and the City Council adopted its Resolution No. 13529 approving the issuance of <br /> the 1999 Bonds; <br /> WHEREAS, the Board of Port Commissioners of the Port issued the 1999 Bonds to <br /> provide financing for improvements to certain facilities of the Port, including the remediation of a <br /> hazardous waste site at the Port; <br /> WHEREAS, the Board of Port Commissioners of the Port subsequently issued its <br /> Revenue Bonds, Series 2012 (the "2012 Bonds") pursuant to a Second Supplemental <br /> ���� <br /> S� <br />