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File Number: 18-540 <br />WHEREAS, the staff report accompanying this resolution contains the information the <br />Board of Directors of the Authority is required to obtain and disclose in a meeting open to the <br />public prior to authorizing the issuance of the 2018 Bonds pursuant to Section 5852.1 of the <br />Government Code; and <br />WHEREAS, the City Council wishes at this time to approve all proceedings of the City <br />relating to the issuance and sale of the 2018 Bonds. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Leandro <br />as follows: <br />SECTION 1. Issuance of 2018 Bonds. The City Council hereby approves the issuance <br />of the 2018 Bonds by the Authority under the Bond Law in the maximum principal amount <br />not to exceed $22,000,000, for the purpose of providing funds to finance capital <br />improvement projects of the City. <br />SECTION 2. Approval of Related Financing Agreements. The City Council hereby <br />approves each of the following agreements required for the issuance and sale of the 2018 <br />Bonds, in substantially the respective forms on file with the City Clerk, together with any <br />changes therein or additions thereto (including the addition of a reserve account) deemed <br />advisable by the Mayor, City Manager, Assistant City Manager or the Finance Director <br />(each, an “Authorized Officer”), whose execution thereof shall be conclusive evidence of <br />the approval of any such changes or additions. An Authorized Officer is hereby authorized <br />and directed for and on behalf of the City to execute, and the City Clerk is hereby <br />authorized and directed to attest, the final form of each such agreement, as follows: <br />First Amendment to Site Lease, between the City, as lessor, and the <br />Authority, as lessee, amending the Site Lease pursuant to which the City <br />has leased the Leased Property to the Authority in consideration of the <br />payment of an upfront amount which was applied by the City to refinance <br />the Prior Project, and pursuant to which an additional payment will be <br />made to finance the costs of the capital improvement projects; <br />First Amendment to Lease Agreement, between the Authority, as lessor, <br />and the City, as lessee, amending the Lease Agreement pursuant to <br />which the Authority has leased the Leased Property back to the City in <br />consideration of the payment of semiannual lease payments to the <br />Authority, which payments the Authority has assigned to the Trustee and <br />which will be updated to reflect the increased lease payments due <br />following issuance of the 2018 Bonds; and <br />Continuing Disclosure Certificate, to be executed by the City, providing for <br />the ongoing disclosure of certain information related to the 2018 Bonds <br />in accordance with Rule 15c2-12 of the Securities Exchange Act of <br />1934. <br />Page 2 City of San Leandro Printed on 10/30/2018