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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO
<br />RESOLUTION NO. 99 - 156 (2851/2735)
<br />RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF NOT TO EXCEED
<br />$26,000,000 CERTIFICATES OF PARTICIPATION, AUTHORIZING AND DIRECTING
<br />EXECUTION OF RELATED LEASE FINANCING DOCUMENTS, TRUST AGREEMENT,
<br />CONTINUING DISCLOSURE AGREEMENT, AND CERTIFICATE PURCHASE
<br />AGREEMENT, APPROVING OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL
<br />ACTIONS
<br />RESOLVED, by the City of San Leandro, California (the "City"), as follows:
<br />WHEREAS, the City, working together with the San Leandro Public Financing Authority
<br />(the "Authority"), is proposing to proceed with a lease financing to enable the City to undertake
<br />the acquisition, construction, rehabilitation, equipping or improvement of the main library
<br />building, two fire stations, and of various other capital improvements within the geographic
<br />boundaries of the City (collectively, the "Project");
<br />WHEREAS, to that end, the City has determined to provide for the execution and
<br />delivery of 1999 Certificates of Participation (Library and Fire Stations) (the "Certificates"), the
<br />proceeds of which will be used to finance the Project;
<br />WHEREAS, for purposes of the sale of the Certificates, Disclosure Counsel, as
<br />hereinafter defined, has caused to be prepared an Official Statement describing the Certificates,
<br />the preliminary form of which is on file with the City Clerk and the Members of the City
<br />Council, with the aid of their staff, have undertaken such review of the Official Statement as
<br />hereinafter described as is necessary to assure proper disclosure of all material facts relating to
<br />the Certificates that are within the personal knowledge of Councilmembers and the staff;
<br />NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows:
<br />Section 1. Execution and Delivery of Certificates. The City hereby authorizes the
<br />execution and delivery of the erti icates, representing a right to receive lease payments under
<br />the Lease Agreement (as described below), in the aggregate principal amount of not to exceed
<br />$26,000,000, and the execution and delivery of the following agreements (collectively, the
<br />"Agreements") :
<br />(a) Site Lease, by and between the City, as lessor, and the Authority, as lessee;
<br />(b) Lease Agreement, by and between the Authority, as sublessor, and the City, as
<br />sublessee; and
<br />(c) Trust Agreement, by and among the City, the Authority and the Trustee; and
<br />(d) Continuing Disclosure Agreement.
<br />The City hereby approves and separately authorizes the City Manager or the Finance
<br />Director to execute the Agreements, and the City Clerk is hereby authorized and directed to attest
<br />and affix the seal of the City to said Agreements, in substantially the forms on file with the
<br />Finance Director, together with any changes therein or additions thereto deemed advisable by the
<br />Finance Director or City Manager, whose execution thereof shall be conclusive evidence of
<br />approval of any such additions and changes.
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