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towN o,~ MEETING DATE: MAY 3, 2010 <br />ITEM NO: 5 <br />x 'N+gI Gi. <br />!P r ~ <br />7 <br />tos•~GA,~oS -COUNCIL/AGENCY AGENDA REPORT <br />DATE: APRIL 29, 2010 <br />TO: MAYOR AND TOWN COUNCIL/ <br />CHAIR AND MEMBERS OF THE REDEVELOPMENT AGENCY <br />FROM: GREG CARSON, TOWN MANAGER/EXECUTIVE DIRECTOR ~,~`~ <br />SUBJECT: LIBRARY PROJECT <br />A. HOLD A PUBLIC HEARING PURSUANT TO HEALTH AND SAFETY CODE <br />SECTION 33679 AND ADOPT RESOLUTION ADOPTING FINDINGS <br />REQUIRED BY CALIFORNIA HEALTH AND SAFETY CODE SECTION 33445 <br />AUTHORIZING ALLOCATION OF REDEVELOPMENT FUNDS TO THE NEW <br />LIBRARY BUILDING <br />B. ADOPT RESOLUTION OF THE LOS GATOS TOWN COUNCIL AUTHORIZING <br />THE EXECUTION, SALE AND DELIVERY OF NOT TO EXCEED $16,500,000 <br />CERTIFICATES OF PARTICIPATION, AUTHORIZING AND DIRECTING <br />EXECUTION OF RELATED LEASE FINANCING DOCUMENTS AND TRUST <br />AGREEMENT, APPROVING OFFICIAL STATEMENT, AND AUTHORIZING <br />OFFICIAL ACTIONS <br />C. ADOPT RESOLUTION OF THE LOS GATOS REDEVELOPMENT AGENCY <br />AUTHORIZING THE EXECUTION AND DELIVERY OF NOT TO EXCEED <br />$16,500,000 CERTIFICATES OF PARTICIPATION, AUTHORIZING AND <br />DIRECTING EXECUTION OF RELATED LEASE FINANCING DOCUMENTS, <br />APPROVING OFFICIAL STATEMENT, AND AUTHORIZING OFFICIAL <br />ACTIONS <br />RFJCOMMENDATION: <br />Staff recommends the Town Council and the Los Gatos Redevelopment Agency Board adopt the <br />following resolutions: <br />PREPARED BY: ST CO Y <br />Administrativ e ices/Finance Director <br />SC:pg <br />N:\MGR\AdminworkFiles\2010 Council Reports\5-3-10 Library Project TC Report.doc <br />Reviewed by: Assistant Town Manager/Deputy Director Town Attorney/General Counsel <br />Clerk Administrator/Secretary Finance <br />Community Development <br />