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File #: ID 25-1059    Version: 1 Name:
Type: Action Item Status: Passed
File created: 7/29/2025 In control: City Council
On agenda: 8/14/2025 Final action: 8/14/2025
Title: Actions pertaining to issuance and sale of Series 2025 Lease Revenue Bonds for Public Safety projects: 1. ***RESOLUTION - Approving the issuance by the Fresno Joint Powers Financing Authority of lease revenue bonds in a principal amount not to exceed an aggregate $60 million, authorizing the execution and delivery of a master facilities lease, a master facilities sublease, a bond purchase agreement, an official statement and a continuing disclosure certificate; and authorizing execution of documents and the taking of all necessary actions relating to the financing. (City action) (Requires 5 affirmative votes) (Subject to Mayor's veto) 2. RESOLUTION of the Fresno Joint Powers Financing Authority authorizing the issuance and sale of Lease Revenue Bonds (Public Safety Projects) series 2025, authorizing the execution and delivery of a trust agreement, a master facilities lease, a master facilities sublease, a bond purchase agreement, and an official statement, and authorizing the taking of...
Sponsors: Finance Department
Attachments: 1. 25-1059 City Council Resolution - Authorizing Issuance, 2. 25-1059 Joint Powers Financing Authority - Authorizing Issuance, 3. 25-1059 Good Faith Estimates, 4. 25-1059 Master Facilities Lease, 5. 25-1059 Master Facilities Sublease, 6. 25-1059 Master Trust Agreement, 7. 25-1059 City Council Resolution - Master Lease Release, 8. 25-1059 Joint Powers Financing Authority - Master Lease Release, 9. 25-1059 Amendment of Master Facilities Lease, 10. 25-1059 Amendment of Master Facilities Sublease, 11. 25-1059 Consent of Bond Insurer, 12. 25-1059 City Certificate, 13. 25-1059 Continuing Disclosure Certificate, 14. 25-1059 Bond Purchase Agreement, 15. 25-1059 Preliminary Official Statement, 16. 9 25 A.M. ID 25-1059 Supplemental Packet
REPORT TO THE CITY COUNCIL


FROM: SANTINO DANISI, Finance Director/City Controller
Finance Department

BY: KALEB NEUFELD, Assistant City Controller
Finance Department

SUBJECT
Title
Actions pertaining to issuance and sale of Series 2025 Lease Revenue Bonds for Public Safety projects:
1. ***RESOLUTION - Approving the issuance by the Fresno Joint Powers Financing Authority of lease revenue bonds in a principal amount not to exceed an aggregate $60 million, authorizing the execution and delivery of a master facilities lease, a master facilities sublease, a bond purchase agreement, an official statement and a continuing disclosure certificate; and authorizing execution of documents and the taking of all necessary actions relating to the financing. (City action) (Requires 5 affirmative votes) (Subject to Mayor's veto)
2. RESOLUTION of the Fresno Joint Powers Financing Authority authorizing the issuance and sale of Lease Revenue Bonds (Public Safety Projects) series 2025, authorizing the execution and delivery of a trust agreement, a master facilities lease, a master facilities sublease, a bond purchase agreement, and an official statement, and authorizing the taking of all necessary actions relating to issuance of the bonds. (Joint Powers Financing Authority action)
3. ***RESOLUTION - Authorizing the release of facilities and amendment of the Master Facilities Lease and Master Facilities Sublease relating to the Fresno Joint Powers Authority lease revenue bonds and approving the taking of all necessary or desirable actions in connection therewith. (City action) (Requires 5 affirmative votes) (Subject to Mayor's veto)
4. RESOLUTION of the Fresno Joint Powers Financing Authority authorizing the release of facilities and amendment of the Master Facilities Lease and Master Facilities Sublease relating to the Fresno Joint Powers Authority lease revenue bonds and approving the taking of all necessary or desirable actions in connection therewith. (Joint Powers Fin...

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