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<br /> <br />CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 06-030 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />PLEASANTON APPROVING A TAX-EXEMPT BOND FINANCING TO <br />BE ISSUED BY THE CALIFORNIA STATEWIDE COMMUNITIES <br />DEVELOPMENT AUTHORITY TO BENEFIT KAISER PERMANENTE <br /> <br />WHEREAS, Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., Kaiser Health <br />Plan Asset Management, Inc., Kaiser Hospital Asset Management, Inc., each a <br />nonprofit public benefit corporation (collectively, "Kaiser"), have requested that <br />the California Statewide Communities Development Authority (the "Authority") <br />issue bonds in one or more series in an aggregate principal amount not to exceed <br />$800,000,000 (the "Bonds") for the purpose of, among other things, financing and <br />refinancing the cost of acquisition, construction, improvement, equipping, <br />renovation, rehabilitation, remodeling and other capital projects (the "Financing") <br />of certain health, parking and other support facilities owned or operated by Kaiser <br />Foundation Hospitals or one of its affiliates, including the facility known as <br />Pleasanton Information Technology Campus (the "Facilities") located in the City <br />of Pleasanton (the "City"); and <br /> <br />WHEREAS, pursuant to Section l47(f) of the Internal Revenue Code of 1986 (the "Code"), the <br />issuance of the Bonds by the Authority must be approved by the City because the <br />Facilities are located within the territorial limits of the City; and <br /> <br />WHEREAS, the City Council of the City (the "Council") is the elected legislative body of the <br />City and is one of the applicable elected representatives required to approve the <br />issuance of the Bonds under Section l47(f) of the Code; and <br /> <br />WHEREAS, the Authority has requested that the Council approve the issuance of the Bonds by <br />the Authority in order to satisfy the public approval requirement of Section 147(f) <br />of the Code and the requirements of Section 9 of the Amended and Restated Joint <br />Exercise of Powers Agreement, dated as the June I, 1988 (the "Agreement"), <br />among certain local agencies, including the City; and <br /> <br />WHEREAS, the Authority is also requesting that the Council approve the issuance of any <br />refunding bonds hereafter issued by the Authority for the purpose of refinancing <br />the Bonds which financed the Facilities (the "Refunding Bonds"), but only in such <br />