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Resolution 14910CITYOFALAMEDARESOLUTIONNO.14910 RESOLUTIONAPPROVINGAMENDMENTSTOTHEREIMBURSEMENT AGREEMENT,DATEDASOFDECEMBER1,2003,ANDAPPROVINGA FEELETTER,RELATINGTOTHE$9,080,000ALAMEDAPUBLIC FINANCINGAUTHORITYVARIABLERATEDEMANDREVENUEBONDS (ALAMEDAPOINTIMPROVEMENTPROJECT),2003SERIESA,AND THE$4,360,000ALAMEDAPUBLICFINANCINGAUTHORITYTAXABLE VARIABLERATEDEMANDREVENUEBONDS(ALAMEDAPOINT IMPROVEMENTPROJECT),2003SERIESB,ANDAPPROVING OFFICIALACTIONS l:~ (1l~ ~..•..'\ (1ll:~ ..,WHEREAS,forthepurposeofprovidingfundstofinanceaportionofthecostsof theacquisition,construction,installationandequippingofvariouspubliccapital improvementstoAlamedaPoint(the"Improvements"),theAlamedaPublicFinancing Authority(the"Authority")hasissuedits$9,080,000AlamedaPublicFinancingAuthority VariableRateDemandRevenueBonds(AlamedaPointImprovementProject),2003 SeriesA,and$4,360,000AlamedaPublicFinancingAuthorityTaxableVariableRate DemandRevenueBonds(AlamedaPointImprovementProject),2003SeriesB (collectively,the"Bonds");and WHEREAS,inordertoprovidefortherepaymentoftheBonds,theAuthorityhas pledgedcertainrevenues,substantiallyderivedfromrentalspaidtoAlamedaReuse AndRedevelopmentAuthority("ARRA")forcertainland,buildings,fixturesand equipmentleasedbyARRAtocertainsubtenantswhichrentalshavebeenassignedby ARRAtotheAuthority,whichrevenuesarecalculatedtobesufficienttoenablethe Authoritytopaytheprincipalofandinterestandpremium(ifany)ontheBondswhen dueandpayable;and WHEREAS,theobligationsofARRAhavebeenassumedbytheCity;and WHEREAS,theBondswereissuedbytheAuthoritypursuanttothatcertain IndentureofTrust,datedasofDecember1,2003,byandbetweentheAuthorityand UnionBankofCalifornia,N.A.,nowknownasUnionBank,N.A.;and WHEREAS,theAuthorityhasdeterminedtoremovetheexistingremarketing agentfortheBondsandtosubstituteanewremarketingagentinitsplace;and WHEREAS,theAuthorityhasdeterminedtocanceltheconfirmingletterofcredit establishedfortheBondsbecausethecostofmaintainingsuchconfirmingletterof creditexceedstheinterestratebenefitofretainingitand,infurtherancethereof,the AuthorityhasdeterminedtoamendtheIndenturetoremoveallreferencesand provisionsrelatingtoaconfirmingletterofcreditandtoaddaprovisionthatwouldallow futureamendmentstotheIndenture,ifrequired,withoutthenecessityofobtainingBond ownerconsent;and WHEREAS,suchamendmentsnecessitateamendmentstothereimbursement agreement,datedasofDecember1,2003(the"ReimbursementAgreement"),byand amongtheAuthority,ARRAandUnionBank,N.A.,asletterofcreditbank,previously knownasUnionBankofCalifornia,N.A.(the"Bank"). NOW,THEREFORE,BEITRESOLVEDbytheCityCounciloftheCityofAlamedathat saidCouncilherebyapprovesandadoptsAmendmentstotheReimbursementAgreement, DatedAsOfDecember1,2003,andApprovingaFeeLetter,RelatingToThe $9,080,000AlamedaPublicFinancingAuthorityVariableRateDemandRevenue Bonds,2003SeriesA,andthe$4,360,000AlamedaPublicFinancingAuthorityTaxable VariableRateDemandRevenueBonds,2003SeriesB,AndApprovingOfficialActions, asfollows: Section 1.ApprovalofAmendmentstotheReimbursementAgreement.Afirst amendmenttoreimbursementagreement,amendingandsupplementingthe ReimbursementAgreement,byandamongtheAuthority,theCity(assuccessorto ARRA)andtheBank(the"FirstAmendmenttoReimbursementAgreement"),inthe formthereofonfilewiththeSecretary,togetherwithanyadditionstheretoorchanges thereindeemednecessaryoradvisablebytheCityManagerortheFinanceDirectoris herebyapprovedbytheCouncil.TheCityManagerortheFinanceDirectorishereby authorizedanddirectedtoexecute,andtheSecretaryisherebyauthorizedanddirected toattestto,thefinalformoftheFirstAmendmenttoReimbursementAgreementforand inthenameandonbehalfoftheCity.TheCouncilherebyauthorizesthedeliveryand performanceoftheFirstAmendmenttoReimbursementAgreement. Section 2.ApprovalofBankFeeLetter.Aletter,settingforthefeestobepaidto theBankundertheReimbursementAgreement,asamendedbytheFirstAmendment toReimbursementAgreement(the"FeeLetter"),intheformthereofonfilewiththe Secretary,togetherwithanyadditionstheretoorchangesthereindeemednecessaryor advisablebytheExecutiveDirectorortheTreasurerisherebyapprovedbytheCouncil. TheExecutiveDirectorortheTreasurerisherebyauthorizedanddirectedtoexecute, thefinalformoftheFeeLetterforandinthenameandonbehalfoftheCity.The CouncilherebyauthorizesthedeliveryandperformanceoftheFeeLetter. Section 3.OfficialActions.TheCityManager,theFinanceDirector,theCityClerk andanyandallotherofficersoftheCityareherebyauthorizedanddirected,forandin thenameandonbehalfoftheCity,todoanyandallthingsandtakeanyandall actions,includingexecutionanddeliveryofanyandallassiqnrnents,certificates, requisitions,agreements,notices,consents,instrumentsofconveyance,warrantsand otherdocuments,whichthey,oranyofthem,maydeemnecessaryoradvisablein ordertoconsummatetheamendmentoftheIndenture.Wheneverinthisresolutionany officeroftheCityisauthorizedtoexecuteorcountersignanydocumentortakeany action,suchexecution,countersigningoractionmaybetakenonbehalfofsuchofficer byanypersondesignatedbysuchofficertoactonhisorherbehalfinthecasesuch officershallbeabsentorunavailable. Section 4.EffectiveDate.ThisResolutionshalltakeeffectfromandafterthe dateofitspassageandadoption. *********** I,theundersigned,herebycertifythattheforegoingResolutionwasdulyand regularlyadoptedandpassedbytheCounciloftheCityofAlamedainaregular meetingassembledonthe15th dayofApril,2014,bythefollowingvotetowit: AYES:CouncilmembersChen,Daysog,EzzyAshcraft,Tamand MayorGilmore-5. NOES:None. ABSENT:None. ABSTENTIONS:None. INWITNESS,WHEREOF,Ihavehereuntosetmyhandandaffixedtheofficial sealofsaidCitythis16th dayofApril,2014. LaraWeisiger,CityCer CityofAlameda