55A - RESO - INTENT TO ISSUE BONDS - DOWNTOWN PARKING

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Section 4. The maximum principal amount of the Obligations is $6,000,000. Section 5. This Resolution is a declaration of official intent to reimburse expenditures pursuant to Treasury Regulations Section 1.150-2. Section 5. CSG Advisors, Incorporated, San Francisco, is hereby designated as financial advisor in connection with the issuance of the Obligations. Section 6. Stone & Youngberg LLC, San Francisco, California, is hereby designated as underwriter in connection with issuance of the Obligations. Section 7. Quint & Thimmig LLP, San Francisco, California, is hereby designated as bond counsel and disclosure counsel in connection with issuance of the Obligations. Section 8. All actions of the officers, agents and employees of the City that are in conformity with the purposes and intent of this Resolution taken before the adoption hereof are hereby ratified, confirmed and adopted. Section 9. Adoption of this resolution does not constitute a final approval of the Obligations. Such approval shall require subsequent action by the Council or by the governing board of such other City entity issuing the Obligations, including a review and approval of any financing documents prepared in connection therewith. Section 10. Appropriate officers and officials of the City are hereby authorized and directed to take such action and to execute such documents as may be necessary or desirable to effectuate the intent of this resolution. Section 11. This Resolution shall be in full force and effect immediately upon its adoption. Section 12. This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. ADOPTED this day of .2010. Miguel A. Pulido Mayor Resolution No. 2010-XXX Page 2 of 2 55A-4