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File Number: 18-608 <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Leandro <br />as follows: <br />SECTION 1. Findings. Pursuant to the Bond Law, and based on the information provided <br />to the City Council by City staff and consultants, all as set forth in the proceedings and <br />documents providing for the issuance and delivery of the 2018 Bonds, the City Council <br />hereby finds that issuance of the 2018 Bonds for the purpose of financing the Capital <br />Facilities will result in significant public benefits of the type described in Section 6586 of the <br />Bond Law, including, but not limited to, a more efficient delivery of City services to <br />residential and commercial development and demonstrable savings in effective interest <br />rate, bond preparation, bond underwriting and bond issuance costs. <br />SECTION 2. Confirmation and Re-Approval. The City hereby confirms its actions in the <br />Original Resolution authorizing and approving the issuance and sale of the 2018 Bonds <br />and by this reference hereby incorporates the Original Resolution herein in its entirety. <br />Without in any way limiting the foregoing, the City Council hereby: (i) approves the issuance <br />of the 2018 Bonds by the Authority under the Bond Law in the maximum principal amount of <br />not to exceed $22,000,000, for the purpose of providing funds to finance the Capital <br />Facilities, and the negotiated sale of the 2018 Bonds by the Authority to Stifel, Nicolaus & <br />Company, Incorporated, as underwriter; and (ii) and approves the forms of each document <br />described in sections 2, 3, and 4 of the Original Resolution and the execution and delivery <br />of each of such document by the Mayor, City Manager, Deputy City Manager, and Finance <br />Director (the “Authorized Officers”), each acting alone, as described and authorized in the <br />Original Resolution, together with any changes thereto as described in the Original <br />Resolution. <br />SECTION 3. Official Actions and Ratification. The Authorized Officers, the City Attorney, <br />the City Clerk and all other officers of the City are each authorized and directed on behalf of <br />the City to make and deliver any and all leases, assignments, certificates, requisitions, <br />agreements, notices, consents, instruments of conveyance or termination, warrants and <br />other documents, which they or any of them deem necessary or appropriate in order to <br />consummate any of the transactions contemplated by the agreements and documents <br />approved under this Resolution and the Original Resolution. Any and all actions previously <br />taken by an Authorized Officer and all other officers of the City in connection with the <br />issuance of the 2018 Bonds, including with respect to any and all financing documents <br />related thereto, including the distribution of the preliminary Official Statement and any <br />supplements, amendments and restatements of the preliminary Official Statement, are <br />hereby ratified and confirmed. Whenever in this Resolution any officer of the City is <br />authorized to execute or countersign any document or take any action, such execution, <br />countersigning or action may be taken on behalf of such officer by any person designated <br />by such officer to act on his or her behalf in the case such officer is absent or unavailable. <br />SECTION 4. Effective Date. This Resolution shall take effect immediately upon its <br />passage and adoption. <br />Page 2 City of San Leandro Printed on 11/27/2018