Resolution 2827

Providing for the issuance and sale of second lien revenue warrant of the port district in the principal amount of $25,000,000 to provide funds to redeem and retire a like principal amount of revenue warrants issued pursuant to Resolution No. 2746 for the purpose of providing interim financing to acquire, construct, install, equip and make certain improvements to the facilities of the district; providing the form, terms and maturity of said warrant; providing for the payment of the principal of and interest on said warrants out of the Second Lien Revenue Bond Redemption Fund of the port district created by Resolution No. 2363 of the Port Commission; providing and adopting certain covenants safeguarding the payment of such principal and interest; authorizing the execution of a loan agreement; and confirming the sale of such warrant.