...Title
Issuance of City of San José Financing Authority Commercial Paper to Finance the Acquisition of the Property Located at 447 South Almaden Boulevard. - TO BE HEARD CONCURRENTLY WITH ITEM 8.1
...Recommendations
(a) Conduct a public hearing in accordance with Section 6586.5 of the California Government Code, to hear and consider information concerning the approval by the City of San José of a lease financing by the City of San José Financing Authority and the City for the purchase of property located at 447 South Almaden Boulevard, through the issuance of lease revenue commercial paper notes by the City of San José Financing Authority, and the significant public benefit of such financing by the City of San José Financing Authority in accordance with the criteria specified in Section 6586 of the California Government Code.
(b) Adopt a resolution of the City of San José Financing Authority to approve and authorize the issuance of lease revenue commercial paper notes in the amount not to exceed $13,500,000 to finance the purchase of the property located at 447 South Almaden Boulevard.
(c) Adopt a resolution of the City of San José to approve and authorize the issuance of City of San José Financing Authority lease revenue commercial paper notes in the amount not to exceed $13,500,000 to finance the purchase of the property located at 447 South Almaden Boulevard.
CEQA: Categorically Exempt, File No. ER25-032, CEQA Guidelines Section 15301, Existing Facilities. Council District 3. (Finance/Housing)