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Resolution 13134CITY OF ALAMEDA RESOLUTION NO, 1313 4 APPROVING AN ASSIGNMENT AGREEMENT BY AND BETWEEN THE CITY AND THE ALAMEDA PUBLIC FINANCING AUTHORITY IN CONNECTION WITH THE ISSUANCE BY THE ALAMEDA PUBLIC FINANCING AUTHORITY OF ITS REVENUE BONDS TO FINANCE THE ACQUISITION, CONSTRUCTION, INSTALLATION AND EQUIPPING OF VARIOUS CAPITAL IMPROVEMENTS TO ALAMEDA POINT (THE FORMER ALAMEDA NAVAL AIR STATION) AND TO FINANCE THE ACQUISITION, CONSTRUCTION, INSTALLATION AND EQUIPPING OF VARIOUS CAPITAL IMPROVEMENTS FOR THE CITY AND APPROVING RELATED DOCUMENTS AND OFFICIAL ACTIONS RESOLVED, by the City Council (the " Council ") of the City of Alameda (the " City"), as follows: WHEREAS, for the purpose of providing funds to finance the acquisition, construction, installation and equipping of various capital improvements to Alameda Point (the former Alameda Naval Air Station) and to finance the acquisition, construction, installation and equipping of various capital improvements for the City, the Alameda Public Financing Authority (the "Authority" ) has determined to © issue its Alameda Public Financing Authority Variable Rate Demand Revenue Bonds, 1999 Series A (Alameda Point and City of Alameda Improvement Project), in the aggregate principal amount of not-to- 0 exceed $10,000,000 (the " Bonds" ); and WHEREAS, in order to provide for the repayment of the Bonds, the Authority will pledge certain revenues, substantially derived from rentals paid to the Alameda Reuse and Redevelopment Authority (" ARRA ") for certain land, buildings, fixtures and equipment leased by ARRA to certain subtenants (the " Subtenant Rentals"), which revenues will be calculated to be sufficient to enable the Authority to pay the principal of and interest and premium (if any) on the Bonds when due and payable; and WHEREAS, the Subtenant Rentals will be assigned by ARRA to the City; and WHEREAS, it is necessary and desirable for the City to assign its right to receive the Subtenant Rentals to the Authority to secure the Bonds; and WHEREAS, the Council has duly considered such transactions and wishes at this time to approve said transactions in the public interests of the City. NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: Section 2. The Council hereby approves each of the following agreements required to implement the financing plan to be accomplished by the Bonds, in substantially the respective forms on file with the City Clerk together with any changes therein or additions thereto approved by the City Manager or the Finance Director, whose execution thereof shall be conclusive evidence of such approval. (a) an assignment agreement, by and between ARRA and the City, pursuant to which ARRA will assign the Subtenant Rentals to the City; and (b) an assignment agreement, by and between the City and the Authority, pursuant to which the City will assign the Subtenant Rentals to the Authority. Section 2. The City Manager, the Finance Director, the City Clerk and any and all other officers of the City are hereby authorized and directed, for and in the name and on behalf of the City, to do any and all things and take any and Fill actions, including execution and delivery of any and all assignments, certificates, requisitions, agreements, notices, consents, instruments of conveyance, warrants and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the lawful issuance and sale of the Bonds as described herein. Whenever in this resolution any officer of the City is authorized to execute or countersign any document or take any action, such execution, countersigning or action may be taken on behalf of such officer by any person designated by such officer to act on his or her behalf in the case such officer shall be absent or unavailable. Section 3. This Resolution shall take effect from and after the date of its passage and adoption. * * * * * * * * * * * I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 17th day of August , 1999, by the following vote to wit: AYES: Councilmembers Daysog, DeWitt, Johnson, Kerr and Mayor Appezzato - 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 18th day of August , 1999. Diane Felsch. City of Alameda Cie:.k