Resolution 14993CITY OF ALAMEDA RESOLUTION NO. 14993
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALAMEDA
RELATING TO THE SECURITIES AND EXCHANGE COMMISSION
MUNICIPALITIES CONTINUING DISCLOSURE COOPERATION
INITIATIVE
WHEREAS, the City has issued certain municipal securities in order to finance
various City facilities and projects; and
WHEREAS, in connection with the issuance of such municipal securities, the City
has entered into continuing disclosure agreements pursuant to Rule 15c2 -12 (the
"Rule ") of the Securities and Exchange Commission (the "SEC "); and
WHEREAS, the SEC has announced a Municipalities Continuing Disclosure
Cooperation (the "MCDC Initiative ") which allows underwriters and issuers of municipal
securities, such as the City, to self - report any instance in which an issuer stated that it
had complied with its continuing disclosure agreements during the last five years when,
in fact, it had not fully done so; and
WHEREAS, City staff has conducted a review of the City's compliance with its
continuing disclosure obligations and determined that the City participate in the MCDC
Initiative with respect to the issues listed on Exhibit A attached hereto (the "Issues ");
and
WHEREAS, on December 1, 2014, the City Manager, on behalf of the City, made
voluntary filings under the MCDC Initiative with respect to the Issues.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Alameda as follows:
Section 1. MCDC Initiative. The Council hereby accepts the recommendations of
City staff with respect to the MCDC Initiative, acknowledges and understands the
consequences of self - reporting under the MCDC Initiative and ratifies the action by the
City Manager to make the voluntary filings under the MCDC Initiative with respect to the
Issues.
Section 2. Official Actions. The Mayor, the City Manager, the Finance Director
and 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 additional
things and take any and all additional actions, which they, or any of them, may deem
necessary or advisable in furtherance of the intent of this Resolution.
Section 3. Effective Date. This Resolution shall take effect immediately upon
adoption.
Issuer
City of Alameda
City of Alameda
EXHIBIT A
ISSUES SUBJECT TO THE CITY'S VOLUNTARY
FILINGS UNDER THE MCDC INITIATIVE
City of Alameda Financing Authority
Alameda Public Financing Authority
Northern California Power Agency
Alameda Public Financing Authority
Northern California Power Agency
Northern California Power Agency
Issue
$9,610,000
Certificates of Participation
$9,010,000
2013 General Obligation Refunding Bonds
$14,715,000
Sewer Revenue Bonds, 2012 Series A
$10,675,000
(Series 2010A)
$8,020,000
(Series 2010B)
$76,665,000
2012 Refunding Series A)
$7,120,000
2012 Taxable Refunding Series B
$8,700,000
Revenue Bonds Series 2010A
$22,985,000
Taxable Revenue Bonds, Series 2010B
$55,120,000
Capital Facilities Revenue Bonds, 2010 Refunding Series A
$101,260,000
2010 Refunding Series A
$8,025,000
2010 Taxable Refunding Series B
Community Improvement Commission $9,870,000
of the City of Alameda 2011 Tax Allocation Housing Bonds, Subordinate Series A
(Taxable)
$1,165,000
2011 Tax Allocation Housing Bonds, Subordinate Series B
(Tax- Exempt)
W
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 a special
meeting assembled on the 16th day of December, 2014, by the following vote to wit:
AYES: Councilmernbers Chen, Daysog, Ezzy Ashcraft, Tam and
Mayor Gilmore — 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 17th day of December, 2014.
Lara Weisiger, Cit� lerk
City of Alameda ��
APPROVED AS TO FORM
JanqW. Kern, City Attorney
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