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MINUTES Page 5 City of San Leandro City Council and San Leandro Redevelopment Agency Joint Meeting — September 19, 2011 bond counsel for pension obligation bond financing (listed as Consent Calendar Items 8.D. and 8.E.). The City Council approved this recommendation. b. COMMITTEE RECOMMENDATION: Approval of 2010 -11 year -end budget review and resolution approving recommended budget amendment adjustments (listed as Consent Calendar Item 8.F.). The City Council approved this recommendation. C. Matter of Airport Noise Insulation Program. 1. Resolution No. 2011 -162, Resolution Approving Amendment No. 2 to Contractual Services Agreement Between the City of San Leandro and C. Kell - Smith & Associates Related to the Airport Noise Insulation Program in San Leandro (extends term to December 21, 2017 for administration of the subject program). 2. Resolution No. 2011 -163, Resolution Approving Amendment No. 1 to the Agreement with G. E. Chen Construction, Inc. to Include Phase 2 and Phase 3 of the City's Residential Noise Insulation Program, Project No. SL -0403 (authorizes $2,403,991 in change order to provide soundproofing of 73 homes in Phase 2 and 46 homes in Phase 3). 3. Resolution No. 2011 -164, Resolution Authorizing City Manager, or Designee, to Expend Funds Through Change Orders in the Amount Not to Exceed $475,538 for Costs Related to the Airport Noise [nsulation Program (provides for possible change orders related to increased costs due to changes in original plans and specifications, as well as federal regulations in hazmat sampling and abatement). 4. Resolution No. 2011 -165, Resolution Authorizing the Appropriation of Funds from the Port of Oakland to the City of San Leandro in the Amount of $5,054,071 Related to the Residential Airport Noise Insulation Program (provides funding for the remainder of the Airport Noise Insulation Program). D. Resolution No. 2011 -166, Resolution Authorizing the Issuance of Pension Obligation Bonds and the Filing of a Validation Action to Refund the Outstanding Side Fund Obligations of the City to the California Public Employees' Retirement System (CaIPERS) (authorizes a bond transaction to refinance the existing side fund obligation over the same term in the same amount, plus the cost of issuance, and take advantage of lower bond interest rates). E. Resolution No. 2011 -167, Resolution Designating Financial Advisor, Underwriter, and Bond Counsel for Pension Obligation Bond (designates Public Financial Management, Inc. as financial advisor, Wedbush Securities, Inc. as underwriter, and Jones Hall as