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File Number: 18-607 <br />2018-002 PFA and Authorizing the Issuance and Sale of 2018 Lease Revenue Bonds to <br />Finance City Capital Improvement Projects, and Approving Related Documents - This <br />resolution approves the issuance of the 2018 Bonds in an amount not to exceed $22,000,000 <br />and for an underwriter’s discount not to exceed 5.0%. It approves and authorizes Authority staff <br />to execute the documents required to complete the financing transaction and ratifies any and all <br />actions taken by an Authorized Officer (as defined in the resolution) and all other officers of the <br />Authority in connection with the issuance of the 2018 Bonds. <br />Bond Documents <br />The City Council and the San Leandro Public Financing Authority must approve the following <br />documents to complete this bond transaction. These documents will be approved pursuant to the <br />attached resolutions. <br />First Amendment to Site Lease - The Site Lease is between the City and the San Leandro <br />Public Financing Authority. This is the agreement that establishes the lease of the Main Library to <br />the Authority. The first amendment adds the 2018 Bonds to the 2016 Bonds in the terms of the <br />site lease, in exchange for an upfront site lease payment from the Authority to the City to be used <br />by the City for the projects. <br />First Amendment to Lease Agreement - The Lease Agreement establishes the leaseback of <br />the Main Library from the Authority by the City. This amended agreement specifies the term of the <br />agreement and the amount of payments for the 2018 Bonds. <br />First Amendment to Assignment Agreement - This agreement is between the Authority and <br />U.S. Bank National Association (the Trustee). In this agreement the Authority assigns all of its <br />rights under the Lease Agreement to the Trustee. For example, rather than the City making <br />semi-annual lease payments to the Authority and the Authority then paying the bond holders, the <br />City will make its payments directly to the Trustee and the Trustee will then pay the holders of the <br />2018 Bonds. The amendment adds in the 2018 Bonds, in addition to the 2016 Bonds. <br />First Supplemental Indenture of Trust - This agreement is among the Authority, the City and <br />the Trustee. The Indenture of Trust sets forth the guidelines for the administration, investment and <br />treatment of the proceeds of the issue. The first supplement adds in the 2018 Bonds, in addition <br />to the 2016 Bonds. <br />Bond Purchase Agreement - The Bond Purchase Agreement is an agreement between the <br />City and the underwriter under which the underwriter purchases the 2018 Bonds. This agreement <br />specifies the price and interest rates at which the underwriter will purchase the 2018 Bonds and <br />the documents that will be executed at closing. <br />Preliminary Official Statement - This document is the public offering statement for the issuance <br />of the 2018 Bonds. This document thoroughly describes the plan of finance, the public asset to be <br />leased (i.e., the Main library), the security for repayment of the 2018 Bonds, and the economic, <br />financial, and social characteristics of the City. <br />Continuing Disclosure Certificate - This agreement obligates the City to continue providing <br />information regarding the City, the Authority, and the 2018 Bonds to the secondary municipal <br />Page 5 City of San Leandro Printed on 11/27/2018