File #: ID#20-303    Version: 1 Name:
Type: Public Hearing Status: Agenda Ready
File created: 7/21/2020 In control: City Council
On agenda: 8/4/2020 Final action:
Title: 2020 Refunding Bond Program
Attachments: 1. Staff Report - 2020 Refunding Bond Program - 8-4-20, 2. 1 - Resolution of City Salinas 2020 Lease Revenue Bonds (2008, 2014 and 2015 Refundings), 3. 2 - Ground Lease Salinas 2020A Lease Revenue Bonds (2014-15 Refunding), 4. 3 - Ground Lease Salinas 2020B Lease Revenue Bonds (2008 Refunding), 5. 4 - Lease Agreement Salinas 2020A Lease Revenue Bonds (2014-15 Refundings), 6. 5 - Lease Agreement Salinas 2020B Lease Revenue Bonds (2008 Refunding), 7. 6 - Indenture Salinas 2020A Lease Revenue Bonds (2014-15 Refundings), 8. 7 - Indenture Salinas 2020B Lease Revenue Bonds 2008 Refunding, 9. 8 - BPA - Salinas FFA Lease Revenue Refunding Bonds 2020A and 2020B (Taxable..., 10. 9 - Preliminary Official Statement Salinas 2020 Lease Revenue Bonds (2014-15 Refunding), 11. 10 - Continuing Disclosure Certificate Salinas 2020A Lease Revenue Bonds (2014-15 Refundings), 12. 11 - Continuing Disclosure Certificate Salinas 2020B Lease Revenue Bonds (2008 Refunding), 13. 1A - Resolution of Authority Salinas 2020 Lease Revenue Bonds (2008, 2014 and 2015 Refundings), 14. 2A - Ground Lease Salinas 2020A Lease Revenue Bonds (2014-15 Refunding), 15. 3A - Ground Lease Salinas 2020B Lease Revenue Bonds (2008 Refunding), 16. 4A - Lease Agreement Salinas 2020A Lease Revenue Bonds (2014-15 Refundings), 17. 5A - Lease Agreement Salinas 2020B Lease Revenue Bonds (2008 Refunding), 18. 6A - Indenture Salinas 2020A Lease Revenue Bonds (2014-15 Refundings), 19. 7A - Indenture Salinas 2020B Lease Revenue Bonds 2008 Refunding, 20. 8A - BPA - Salinas FFA Lease Revenue Refunding Bonds 2020A and 2020B (Taxable..., 21. 9A - Preliminary Official Statement Salinas 2020 Lease Revenue Bonds (2014-15 Refunding), 22. 10A - Assignment Agreement Salinas 2020A Lease Revenue Bonds (2014-15 Refundings), 23. 11A - Assignment Agreement Salinas 2020B (2008 Refunding), 24. 1B - Resolution of Salinas PUBLIC Financing Authority 2008 Fairways Golf Course Bonds (2020 Refunding), 4835-3121-1456_3

Title

2020 Refunding Bond Program

Recommended Action

Approve Resolutions approving the legal documentation whereby the Salinas Facilities Financing Authority (“Authority”) leases certain assets from the City to refinance the Prior Obligations pursuant to ground leases and leases the premises constituting the City Municipal Complex, Fire Station No. 3 and Fire Station No. 5 back to the City pursuant to a new lease, establishing parameters for the ground lease and new leases, approving a continuing disclosure certificate, designating bond counsel and an underwriter to execute a sale of bonds for the 2020 Bonds and approving the official statement to be used in conjunction with the sale of bonds.