City Council

2. Consideration of Southern California Logistics Airport Authority Tax Allocation\nRefunding Bonds and Other Related Actions\nRecommendation:\nThat the Honorable City Council, the Southern California Logistics Airport Authority\n(“SCLAA”) Commission, and the City Council sitting as the Governing Board of the\nSuccessor Agency to the Victorville Redevelopment Agency (“Successor Agency”):\n(1) Hold a public hearing regarding the proposed issuance by SCLAA of tax\nallocation refunding bonds in an amount of not to exceed $105 million to refinance\ncertain public capital improvements;\n(2) Approve Resolution No. 25-009 approving the issuance and sale of not to\nexceed $105 million aggregate principal amount of Southern California Logistics\nAirport Authority Tax Allocation Refunding Bonds, pledging the City’s share of tax\nincrement revenues thereto, and making certain findings in connection therewith;\n(3) Adopt Resolution No. SCLAA-25-002 authorizing the issuance and sale of tax\nallocation refunding bonds in an amount of not to exceed $105 million, and\napproving the form of an Indenture of Trust, a Form of Escrow Agreement, a Form\nof Bond Purchase Agreement, and authorizing certain other actions in connection\ntherewith; and\n(4) Adopt Resolution No. R-SA-25-001 approving, ratifying, and consenting to the\naddition of the Victorville Water District as a member of the Southern California\nLogistics Airport Authority.