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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, ALAMEDA <br /> <br /> REgOLUTION NO. 03-023 <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />PLEASANTON APPROVING A LEASE AGREEMENT, A SITE LEASE, A <br />TRUST AGREEMENT, A CONTINUING DISCLOSURE AGREEMENT, <br />AN ESCROW AGREEMENT, A NOTICE OF SALE AND AN OFFICIAL <br />STATEMENT; MAKING CERTAIN DETERMINATIONS RELATING <br />THERETO; AND AUTHORIZING CERTAIN OTHER ACTIONS IN <br />CONNECTION THEREWITH <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />the City of Pleasanton (the "City") is a municipal corporation duly organized and <br />validly existing under the laws of the State of California; and <br /> <br />the City is authorized to lease its property to finance and refinance public capital <br />improvements, including those improvements constituting the Leased Property (as <br />defined below); and <br /> <br />the City has determined to enter into a Lease Agreement with the Pleasanton Joint <br />Powers Financing Authority (the "Authority") pursuant to which the City will <br />lease the Leased Property from the Authority; and <br /> <br />under and pursuant to such Lease Agreement, the City will be obligated to make <br />certain lease payments to the Authority; and <br /> <br />the City has determined that it would be in the best interests of the City and the <br />citizens of the community to authorize the preparation, execution and delivery of <br />its Certificates of Participation, Series 2003 (Golf Course/Senior Center Project) <br />(the "Certificates"), which Certificates shall be payable from, among other <br />sources, payments made by the City under and pursuant to such Lease Agreement, <br />all under and in accordance with the laws of the State of California; and <br /> <br />there have been presented at this meeting forms of a Lease Agreement, a Trust <br />Agreement, a Site Lease, an Escrow agreement, a Notice of Sale, a Memorandum <br />of Lease, a Continuing Disclosure Agreement, and a Preliminary Official <br />Statement (as defined herein). <br /> <br /> <br />