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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 2026 Water <br />Revenue Bonds is not subject to CEQA. <br /> <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 $16,500,000. <br /> <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 <br />is 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 />Director of Finance (each, an “Authorized Officer”), or a designee of either of them, and <br />the execution thereof by an Authorized Officer shall be conclusive evidence of the <br />approval of any such changes or additions. An Authorized Officer is hereby authorized <br />and directed for and in the name and on behalf of the City to execute, and the City Clerk <br />is hereby authorized and directed to attest to, if necessary, the final form of the <br />Installment Sale Agreement. <br /> <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 <br />the Bond Purchase Agreement among the Authority, the City and the Underwriter, <br />which is hereby approved in substantially the form on file with the City Clerk, together <br />with any changes therein or additions thereto deemed advisable by an Authorized <br />Officer, and the execution thereof by an Authorized Officer shall be conclusive evidence <br />of the approval of any such changes or additions. An Authorized Officer is hereby <br />authorized and directed for and in the name and on behalf of the City to accept an offer <br />from the Underwriter to purchase the Bonds from the Authority and to execute the final <br />form of the Bond Purchase Agreement in the name of the City. <br /> <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 <br />Underwriter to prospective investors, in substantially the form on file with the City Clerk, <br />together with any changes therein or additions thereto deemed advisable by an <br />Authorized Officer. An Authorized Officer is authorized and directed to approve any <br />Page 153 of 318