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ATTACHMENT 1 RESOLUTION NO. 11- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON APPROVING ESCROW INSTRUCTIONS; MAKING CERTAIN DETERMINATIONS RELATING THERETO); AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH THE CITY'S WATER REVENUE REFUNDING BONDS, SERIES 2004 WHEREAS, the City of Pleasanton (the "City ") is a municipal corporation duly organized and validly existing under the laws of the State of California; and WHEREAS, the City has previously issued its Water Revenue Refunding Bonds, Series 2004 ( "the "Bonds "), currently outstanding in the principal amount of $670,000; and WHEREAS, the City desires to defease the outstanding Bonds; and WHEREAS, there have been presented at this meeting a form of Escrow Instructions (as defined herein). NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The form cf Escrow Instructions, currently dated as of May 15, 2011 (the "Escrow Instructions "), between the City and U.S. Bank National Association (the "Escrow Agent "), as presented to this meeting is hereby approved. The City Manager or the Director of Finance (or their designated representative), each acting alone (collectively the "Officers "), and the City Clerk are hereby authorized and directed, for and on behalf of the City, to execute, acknowledge and deliver the Escrow Instructions, in substantially the form presented to this meeting, with such changes therein as such Officers may require or approve, with the advice and approval of the City Attorney and Nossaman LLP ( "Bond Counsel "), such approval to be conclusively evidenced by the execution and delivery thereof. Section 2: The Officers and staff of the City are hereby authorized and directed, jointly and severally, to do any and all things, to execute and deliver any and all documents, which in consultation with Bond Counsel, they may deem necessary or advisable in order to effectuate the purposes of this Resolution, including, but not limited to, any matters relating to the Bonds, and any and all such actions previously taken by such Officers or staff members are hereby ratified and confirmed. Section 3: This resolution shall become effective immediately upon its passage and adoption. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on May 3, 2011.