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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 94-44 <br /> <br /> RESOLUTION APPROVING CONVEYANCE <br /> AGREE54F~NTS, INSTALLMiT~NT PURCHASE CONTRACTS <br /> AND AN OFFICIAL STATEMENT; MAKING CERTAIN <br /> DETERMINATIONS RELATING THERETO; AND <br /> AUTHORIZING CERTAIN OTHER ACTIONS IN <br /> CONNECTION THEREWITH <br /> <br />WHEREAS, the City of Pleasanton (the "City") is a municipal corporation duly organized and <br /> validly existing under the Constitution and laws of the State of California; and <br /> <br />WHEREAS, there has previously been issued Certificates of Participation (Capital Projects I <br /> and II) and Certificates of Participation (Capital Improvement Projects) <br /> . (collectively, the "Prior Obligations"), which such Prior Obligations are secured <br /> by certain lease obligations of the City, which the City now desires to retinarice; <br /> and <br /> <br />WHEREAS, the Pleasanton Joint Powers Financing Authority (the "Authority") is authorizexi <br /> under the Marks-Roos Local Bond Pooling Act of 1985, constituting Article 4, <br /> Chapter 5, Division 7, Title 1 (commencing with 3ection 6584) of the California <br /> Government Code, as amended (the "TPA Act"), and under the ~Ioint Exercise of <br /> Powers Agreement, dated as of hne 29, 1993, as amended, by and between the <br /> City and the Pleasanton Housing Authority, to issue revenue bonds in connection <br /> with the financing and refinancing of certain public capital improvements; and <br /> <br /> WHEREAS, the City is authorized to pledge certain water and sewer revenues to finance and <br /> re~nance public capital improvements, including those improvements constituting <br /> the Project (as defined below); and <br /> <br />WHEREAS, the City has determined to enter into two conveyance agr~ments with the <br /> · . Authority, pursuant to which the Authority will purchase from the City certain <br /> real property located within the City, together with the improvements thereon (the <br /> . "Projects"), and the City will enter into two installment purchase contracts with <br /> the Authority pursuant to which the City will purchase the Projects from the <br /> Authority; and <br /> <br /> WHEREAS, under and pursuant to such installment purchase contracts, the City will be <br /> obligated to make certain installment payments to the Authority from its water <br /> and sewer revenue funds; and <br /> <br /> <br />