...Title
Approval of the Sale and Issuance of Bonds and Related Bond Documents for the City of San José Financing Authority Taxable Lease Revenue Bonds, Series 2022A (Convention Center Refunding Project).
...Recommendations
(a) City Council take the following actions:
(1) Adopt a resolution to authorize the issuance and sale of the City of San José Financing Authority Taxable Lease Revenue Bonds, Series 2022A (Convention Center Refunding Project) (2022A Bonds) in the not-to-exceed principal amount of $175,000,000 to refinance certain public capital improvements of the City, consisting of the expansion and renovation of the San José McEnery Convention Center, approve in substantially final form the Official Statement, Bond Purchase Agreement, Continuing Disclosure Certificate, Lease Agreement, Site Lease Agreement, and Pledge Agreement, and authorize the City Manager and other Authorized Officers, to execute and deliver these documents and any other related documents as necessary in connection with the issuance and sale of the 2022A Bonds.
(2) Adopt a resolution to authorize the City Attorney to negotiate and execute an agreement with Jones Hall, a Professional Law Corporation, for bond and disclosure counsel services in connection with the City of San José Financing Authority Taxable Lease Revenue Bond, Series 2022A (Convention Center Refunding Project) (2022A Bonds) for a term retroactive to November 3, 2021 through December 31, 2022 in an amount not to exceed $350,000 contingent on the issuance and sale of the 2022A Bonds.
(b) City of San José Financing Authority Board adopt a resolution to authorize the issuance and sale of the City of San José Financing Authority Taxable Lease Revenue Bonds, Series 2022A (Convention Center Refunding Project) (2022A Bonds) in the not-to-exceed principal amount of $175,000,000 to refinance certain public capital improvements of the City, consisting of the expansion and renovation of the San José McEnery Convention Center, appro...
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