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ATTACHMENT 1 -27-`.7 RESOLUTION NO A RESOLUTION OF THE PLEASANTON JOINT POWERS FINANCING AUTHORITY APPROVING THE ISSUANCE BY THE PLEASANTON JOINT POWERS FINANCING AUTHORITY OF NOT TO EXCEED $7,400,000 AGGREGATE PRINCIPAL AMOUNT OF WATER REVENUE BONDS, SERIES 2017, AND APPROVING THE FORMS AND AUTHORIZING THE EXECUTION OF A TRUST AGREEMENT, A 2017 INSTALLMENT SALE AGREEMENT, A BOND PURCHASE CONTRACT CONCERNING THE BONDS AND ALL OTHER NECESSARY DOCUMENTATION WHEREAS, the City of Pleasanton (the "City") and the Housing Authority of the City of Pleasanton 9 Authority")"Housin ") have heretofore executed a joint exercise of powers Y agreement, dated June 29, 1993, and thereafter amended (the "Joint Powers Agreement"), by and between the City and the Housing Authority, which Joint Powers Agreement creates and establishes the Pleasanton Joint Powers Financing Authority (the "Authority"), WHEREAS, pursuant to Article 4 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California and the Joint Powers Agreement, the Authority is authorized to issue bonds for financing and refinancing public capital improvements, working capital, liability and other insurance needs, or projects whenever there are significant public benefits, as determined by the Authority, WHEREAS, the Authority has determined that it is desirable and furthers the public purpose to assist in the financing of certain improvements for the expansion of the municipal recycled water system of the City (the "Project"), in that the City and the Authority will thereby benefit from demonstrable savings in the cost of financing the Project, WHEREAS, in order to achieve such public purpose, the Authority desires to authorize the issuance of not to exceed $7,400,000 in aggregate principal amount of its Water Revenue Bonds, Series 2017 (the "Bonds") and to approve the execution and delivery of a Trust Agreement, an Installment Sale Agreement and a Purchase Contract in connection therewith, and WHEREAS, the Authority desires to issue the Bonds at an interest rate not to exceed Two and Two Tenths Percent (2 2%) (the "Maximum Rate"), and WHEREAS, the Authority further desires to authorize the sale of the Bonds to JP Morgan Chase Bank, N A (the "Purchaser") and all other acts necessary or desirable in connection therewith, NOW, THEREFORE, BE IT RESOLVED THAT THE GOVERNING BOARD OF THE PLEASANTON JOINT POWERS FINANCING AUTHORITY (THE "BOARD") DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING 2763887 1