POLICE DEPARTMENT HEADQUARTERS AND PUBLIC SAFETY TRAINING CENTER PROJECT: PUBLIC HEARING RELATING TO LEASE REVENUE BONDS SERIES 2022B IN AN AMOUNT NOT TO EXCEED $35 MILLION BY THE CITY OF SAN PABLO JOINT POWERS FINANCING AUTHORITY; RESOLUTIONS OF THE CITY OF SAN PABLO AND OF THE CITY OF SAN PABLO JOINT POWERS FINANCING AUTHORITY APPROVING THE ISSUANCE OF LEASE REVENUE REFUNDING BONDS SERIES 2022A IN AN AMOUNT NOT TO EXCEED $5 MILLION AND APPROVING AS APPLICABLE: A SECOND SUPPLEMENTAL INDENTURE, A THIRD AMENDMENT TO LEASE AGREEMENT, A THIRD AMENDMENT TO SITE AND FACILITY LEASE, A THIRD AMENDED AND RESTATED ASSIGNMENT AGREEMENT, A BOND PURCHASE AGREEMENT, A PRELIMINARY OFFICIAL STATEMENT, AND A CONTINUING DISCLOSURE AGREEMENT; RESOLUTIONS OF THE CITY OF SAN PABLO AND THE CITY OF SAN PABLO JOINT POWERS FINANCING AUTHORITY APPROVING THE ISSUANCE OF LEASE REVENUE BONDS SERIES 2022B IN AN AMOUNT NOT TO EXCEED $35 MILLION AND APPROVING AS APPLICABLE: AN INDENTURE, A LEASE AGREEMENT, A SITE AND FACILITY LEASE, AN ASSIGNMENT AGREEMENT, A BOND PURCHASE AGREEMENT, A PRELIMINARY OFFICIAL STATEMENT, A CONTINUING DISCLOSURE AGREEMENT, AN ASSIGNMENT OF RENTS, AND A SUBORDINATION AGREEMENT; AND APPROVING FINANCING TEAM MEMBERS AND CONTRACTS; AUTHORIZING THE APPROPRIATION OF $7.825M IN GENERAL FUND DESIGNATED RESERVES - PD HQ/RTC PROJECT EQUITY CONTRIBUTION TO BE TRANSFERRED FROM THE GENERAL FUND (100-0000-49999) TO THE 2015B LEASE REVENUE BOND FUND (317-0000-39999) AND RETIRE PRINCIPAL ON THE BOND (317-7000-44501) AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH.

Committee

City Council

Introduced

December 10, 2021

On agenda

December 20, 2021

Passed

December 21, 2021