...Title
City of San José Financing Authority Lease Revenue Bonds, Series 2025A. - TO BE HEARD IMMEDIATELY AFTER CONSENT AND CONCURRENTLY WITH ITEM 3.5
...Recommendations
(a) City Council take the following actions:
(1) Conduct a public hearing for the approval of the issuance by the City of San José Financing Authority Lease Revenue Bonds, Series 2025A, and apply all or a portion of the proceeds to finance and refinance the acquisition and construction of public improvements of the City of San José consisting of the Muni Water Building Project located at 3025 Tuers Road in San José, California and make a finding of significant public benefit accruing from such financing in accordance with the criteria specified in Section 6586 of the California Government Code.
(2) Adopt a resolution authorizing and approving the issuance and sale by the City of San José Financing Authority of Lease Revenue Bonds, Series 2025A in the principal amount not to exceed $53,000,000 to finance and refinance certain public capital improvements of the City, approving and authorizing the execution and delivery by the City of a Site Lease, a Lease Agreement, a Continuing Disclosure Certificate, and authorizing the distribution of an Official Statement in connection with the offering and sale of such bonds and authorizing the execution of necessary documents and certificates and related actions.
(b) Governing Board of the City of San José Financing Authority adopt a resolution authorizing the issuance and sale of Lease Revenue Bonds, Series 2025A in the principal amount not to exceed $53,000,000 to finance and refinance certain public capital improvements of the City, approving, authorizing the execution and delivery by the Authority of a Site Lease, a Lease Agreement, an Assignment Agreement, and an Indenture of Trust, authorizing the distribution of an Official Statement in connection with the offering and sale of such bonds and authorizing the execution of necessary documents and certifi...
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