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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO
<br />RESOLUTION NO. 2018-003 PFA
<br />RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN LEANDRO
<br />PUBLIC FINANCING AUTHORITY CONFIRMING RESOLUTION NO. 2018-002 PFA
<br />AND AUTHORIZING THE ISSUANCE AND SALE OF 2018 LEASE REVENUE BONDS TO
<br />FINANCE CAPITAL IMPROVEMENT PROJECTS FOR THE CITY OF SAN LEANDRO,
<br />AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTIONS
<br />WHEREAS, on November 5, 2018, pursuant to Resolution No. 2018-002 PFA (the "Original
<br />Resolution"), the Board of Directors of the San Leandro Public Financing Authority (the "Authority")
<br />authorized the issuance, sale and delivery of lease revenue bonds in the aggregate principal amount of
<br />not to exceed $22,000,000 under Article 4 of Chapter 5, Division 7, Title 1 of the Government Code of
<br />the State of California, commencing with Section 6584 of said Code (the "Bond Law"), for the
<br />purposes of financing certain capital improvement projects of the City of San Leandro (the "City"),
<br />anticipated to consist of improvements to the Police Headquarters and South Office Building, the
<br />Mulford Marina Branch Library, Manor Park Competition Pool, Farrelly Pool, and Casa Peralta (the
<br />"Capital Facilities"), and the execution and delivery by the Authority of documents related thereto; and
<br />WHEREAS, as required by Section 6586.5 of the Bond Law, the City has caused publication
<br />of a notice of a public hearing on the financing of the Capital Facilities once at least five (5) days prior
<br />to the hearing in a newspaper of general circulation in the county; and
<br />WHEREAS, the City Council and the Public Financing Authority of the City held a public
<br />hearing at which all interested persons were provided the opportunity to speak on the subject of
<br />financing the Capital Facilities, and, following the hearing, found that issuance of the 2018 Bonds for
<br />the purpose of financing the Capital Facilities will result in significant public benefits of the type
<br />described in Section 6586 of the Bond Law, including, but not limited to, a more efficient delivery of
<br />City services to residential and commercial development and demonstrable savings in effective interest
<br />rate, bond preparation, bond underwriting, and bond issuance costs; and
<br />WHEREAS, the Board of Directors wishes at this time to confirm its actions in the Original
<br />Resolution and to authorize the issuance and sale of the 2018 Bonds and approve all documents of the
<br />proceedings of the Authority relating to the issuance, sale and delivery of the 2018 Bonds.
<br />NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the San Leandro
<br />Public Financing Authority as follows:
<br />SECTION 1. CONFIRMATION AND AUTHORIZATION. The Authority hereby
<br />confirms its actions in the Original Resolution authorizing and approving the issuance and sale of the
<br />2018 Bonds and by this reference hereby incorporates the Original Resolution herein in its entirety.
<br />Without in any way limiting the foregoing, the Board of Directors hereby: (i) authorizes and approves
<br />the issuance of the 2018 Bonds under the Bond Law in the maximum principal amount of not to exceed
<br />$22,000,000, for the purpose of providing funds to finance the Capital Facilities, and the negotiated
<br />sale of the 2018 Bonds by the Authority to Stifel, Nicolaus & Company, Incorporated, as underwriter,
<br />and (ii) and reapproves the forms of each document described in sections 2, 3, and 4 of the Original
<br />Resolution and the execution and delivery of each of such document by the Chairman, Executive
<br />Director, Deputy Executive Director, and the Treasurer (the "Authorized Officers"), each acting alone,
<br />RESOLUTION NO. 2018-003 PFA
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