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RESOLUTION NO. JPFA-___ <br /> <br />A RESOLUTION OF THE BOARD OF THE PLEASANTON JOINT POWERS <br />FINANCING AUTHORITY AUTHORIZING THE ISSUANCE AND SALE OF <br />WATER REVENUE BONDS IN AN AMOUNT NOT TO EXCEED $16,500,000 <br />TO ASSIST IN FINANCING CERTAIN IMPROVEMENTS TO THE WATER <br />SYSTEM OF THE CITY OF PLEASANTON, AND APPROVING RELATED <br />DOCUMENTS AND ACTIONS <br /> <br /> <br />WHEREAS, the City of Pleasanton (the “City”) and the Housing Authority of the <br />City of Pleasanton have entered into a Joint Exercise of Powers Agreement, dated as of <br />June 29, 1993, establishing the Pleasanton Joint Powers Financing Authority (the <br />“Authority”) for the purpose, among others, of having the Authority to issue its bonds to <br />finance the acquisition, construction and improvement of public capital improvements; <br />and <br /> <br />WHEREAS, for the purpose of raising funds necessary to finance certain <br />improvements to the City’s water system (the “Water Projects”), the Authority proposes <br />to issue revenue bonds under the provisions of Article 4 (commencing with Section <br />6584) of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of <br />California (the “Act”), designated as the Pleasanton Joint Powers Financing Authority <br />2026 Water Revenue Bonds (the “Bonds”); and <br /> <br />WHEREAS, pursuant to an Installment Sale Agreement between the City and the <br />Authority (the “Installment Sale Agreement”), the City will purchase the Water Projects <br />from the Authority, and the Authority will use the installment payments made by the City <br />to the Authority pursuant to the Installment Sale Agreement to pay debt service on the <br />Bonds; and <br /> <br />WHEREAS, there has been prepared a Preliminary Official Statement containing <br />information to be used in connection with the sale of the Bonds; and <br /> <br />WHEREAS, the information required to be obtained and disclosed pursuant to <br />Government Code Section 5852.1 prior to the issuance of the Bonds is set forth in the <br />staff report accompanying this Resolution; and <br /> <br />WHEREAS, the governing board (the “Board”) of the Authority has duly <br />considered such transactions and wishes at this time to approve the financing <br />documents related to the Bonds and certain related actions. <br /> <br />NOW, THEREFORE, THE GOVERNING BOARD OF THE PLEASANTON <br />JOINT POWERS FINANCING AUTHORITY DOES RESOLVE, DECLARE, <br />DETERMINE AND ORDER THE FOLLOWING: <br /> <br />Page 9 of 205