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IN THE PUBLIC FINANCING AUTHORITY OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2018-002 PFA RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN LEANDRO PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE AND SALE OF 2018 LEASE REVENUE BONDS TO FINANCE CAPITAL IMPROVEMENT PROJECTS FOR THE CITY OF SAN LEANDRO, AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTIONS WHEREAS, the San Leandro Public Financing Authority (the "Authority") has previously issued its $14,125,000 San Leandro Public Financing Authority 2016 Refunding Lease Revenue Bonds (the "2016 Bonds") for the purpose of refinancing certain capital projects of the City of San Leandro (the "City"), including improvements to the City's main library building and the acquisition and construction of two fire stations (the "Prior Project"); and WHEREAS, in connection with the issuance of the 2016 Bonds, the City leased the real property constituting its main library building, including both land and improvements (the "Leased Property"), to the Authority in consideration of the payment by the Authority of an upfront rental payment sufficient to provide fiends to refinance the Prior Project, and the Authority leased the Leased Property back to the City under a Lease Agreement (the "Lease Agreement"), under which the City is obligated to pay semiannual lease payments as rental for the Leased Property, and the Authority has assigned substantially all of its rights under the Lease Agreement to U.S. Bank National Association, as trustee (the "Trustee"); and WHEREAS, in order to finance additional capital projects of the City, the Authority is undertaking to issue its San Leandro Public Financing Authority 2018 Lease Revenue Bonds (the "2018 Bonds"), which will be payable from the lease payments, as increased following issuance of the 2018 Bonds, and certain other amounts payable by the City under the Lease Agreement for the Leased Property; and WHEREAS, the Authority will issue the 2018 Bonds in the aggregate principal amount not to exceed $22,000,000 under Article 4 of Chapter 5, Division 7, Title 1 of the Government Code of the State of California, commencing with Section 6584 of said Code (the "Bond Law"); and WHEREAS, the staff report accompanying this resolution contains the information the Board of Directors of the Authority is required to obtain and disclose in a meeting open to the public prior to authorizing the issuance of the 2018 Bonds pursuant to Section 5852.1 of the Government Code; and WHEREAS, the Board of Directors wishes at this time to approve all proceedings of the Authority relating to the issuance and sale of the 2018 Bonds. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the San Leandro Public Financing Authority as follows: SECTION 1. ISSUANCE OF 2018 BONDS. The Board of Directors hereby approves the issuance of the 2018 Bonds under the Bond Law in the maximum principal amount