Title
RESOLUTION of the City Council of the City of San Leandro to Confirm Resolution No. 2018-135 and Approving Documents and Actions Relating to the Issuance and Sale of 2018 Lease Revenue Bonds by the San Leandro Public Financing Authority to Finance Certain Capital Improvement Projects for the City
Body
WHEREAS, on November 5, 2018, pursuant to Resolution No. 2018-135 (the "Original Resolution"), the City Council of the City of San Leandro (the "City") approved the issuance by the San Leandro Public Financing Authority (the "Authority") of lease revenue bonds in the aggregate principal amount of not to exceed $22,000,000 (the "2018 Bonds") pursuant to Article 4 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California, commencing with Section 6584 of said Code (the "Bond Law"), for the purposes of financing certain capital improvement projects of the City, anticipated to consist of improvements to the Police Headquarters and South Office Building, the Mulford Marina Branch Library, Manor Park Competition Pool, Farrelly Pool, and Casa Peralta (the "Capital Facilities"), and the execution and delivery by the City of documents related thereto; and
WHEREAS, as a condition precedent to the issuance of the 2018 Bonds to provide financing for the Capital Facilities, Section 6586.5 of the Bond Law requires that the City approve the proposed lease financing by the Authority and that the City make certain findings with respect to such financing, as hereinafter set forth, and as required by Section 6586.5 of the Bond Law, the City has caused publication of a notice of a public hearing on the financing of the Capital Facilities once at least five (5) days prior to the hearing in a newspaper of general circulation in the county; and
WHEREAS, the City Council held a public hearing at which all interested persons were provided the opportunity to speak on the subject of financing the Capital Facilities; and
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