San Jose Ca.Gov
Share to Facebook Share to Twitter Bookmark and Share
File #: 21-2053    Version: 1
Type: Strategic Support Status: Agenda Ready
File created: 9/7/2021 In control: City Council
On agenda: 9/21/2021 Final action:
Title: Actions Related to Pension Obligation Bonds Issuance and Court Validation Proceedings. - RECOMMEND DEFERRAL
Attachments: 1. Memorandum, 2. Supplemental Memorandum, 9/17/2021, 3. Resolution, 4. Agreement - Trust, 5. Agreement - Bond Purchase

...Title

Actions Related to Pension Obligation Bonds Issuance and Court Validation Proceedings. - RECOMMEND DEFERRAL

...Recommendations

Adopt a resolution authorizing the issuance of bonds to refund and repay certain pension obligations of the City of San José, approving the form and authorizing the execution of a Trust Agreement and Bond Purchase Agreement; authorizing judicial validation proceedings relating to the issuance of such bonds and approving additional actions related thereto. 

CEQA: Not a Project, File No. PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (City Manager/City Attorney)

RECOMMEND DEFERRAL TO 10/5/2021 PER ADMINISTRATION