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Resolution No. ____ <br />Page 2 of 3 <br />potentially significant physical impact on the environment do not meet that definition. <br />Therefore, the issuance of the Pleasanton Joint Powers Financing Authority 2024 Water <br />Revenue Bonds is not subject to CEQA. <br />Section 2. Issuance of Bonds by the Authority. The City Council hereby <br />approves the issuance of the Bonds by the Authority under the Act for the purpose of <br />providing funds to finance the acquisition, construction and installation of the Water <br />Projects. The aggregate principal amount of the Bonds shall not exceed $19,000,000. <br />Section 3. Approval of Installment Sale Agreement. The City Council hereby <br />approves the Installment Sale Agreement between the Authority and the City, under <br />which the Authority agrees to provide financing for the Water Projects and to sell the <br />completed Water Projects to the City in consideration of the payment by the City of <br />semiannual installment payments which are sufficient to provide revenues with which to <br />pay principal of and interest on the Bonds when due. The Installment Sale Agreement is <br />hereby approved in substantially the form on file with the City Clerk together with any <br />changes therein or additions thereto deemed advisable by the City Manager or the <br />Finance Director (each, an “Authorized Officer”), and the execution thereof by an <br />Authorized Officer shall be conclusive evidence of the approval of any such changes or <br />additions. An Authorized Officer is hereby authorized and directed for and in the name <br />and on behalf of the City to execute, and the City Clerk is hereby authorized and directed <br />to attest to, if necessary, the final form of the Installment Sale Agreement. <br />Section 4. Sale of Bonds by the Authority. The City Council hereby approves <br />the negotiated sale of the Bonds by the Authority to Siebert Williams Shank & Co., LLC, <br />as underwriter (the “Underwriter”). The Bonds shall be sold to the Underwriter under the <br />Bond Purchase Agreement among the Authority, the City and the Underwriter, which is <br />hereby approved in substantially the form on file with the City Clerk, together with any <br />changes therein or additions thereto deemed advisable by an Authorized Officer, and the <br />execution thereof by an Authorized Officer shall be conclusive evidence of the approval <br />of any such changes or additions. An Authorized Officer is hereby authorized and directed <br />for and in the name and on behalf of the City to accept an offer from the Underwriter to <br />purchase the Bonds from the Authority and to execute the final form of the Bond Purchase <br />Agreement in the name of the City. <br />Section 5. Official Statement. The City Council hereby approves and deems <br />final within the meaning of Rule 15c2-12 of the Securities Exchange Act of 1934, a <br />preliminary Official Statement for the Bonds in the form on file with the City Clerk. An <br />Authorized Officer is authorized, at the request of the Underwriter, to execute an <br />appropriate certificate affirming the City Council’s determination that said preliminary <br />Official Statement has been deemed final within the meaning of said Rule. The City <br />Council approves the distribution of the preliminary Official Statement by the Underwriter <br />to prospective investors, in substantially the form on file with the City Clerk, together with <br />any changes therein or additions thereto deemed advisable by an Authorized Officer. An <br />Authorized Officer is authorized and directed to approve any changes in or additions to a <br />final form of an Official Statement for the Bonds, and the execution thereof by an <br />Page 218 of 448Page 227 of 557