City Council

Item 332: Authorization for the Public Facilities Financing Authority of the City of San Diego\n2025A Water Revenue Bonds.\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nSee "Fiscal Considerations" section of Staff Report.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\nSubitem-A: (O-2025-123)\nIntroduction of an Ordinance approving and authorizing the issuance and sale of one or\nmore series of water revenue bonds on a taxable or tax-exempt basis by the Public\nFacilities Financing Authority of the City of San Diego in an aggregate amount not-to-\nexceed $250,000,000 to finance additional capital improvements to the Water System, pay\nthe Subordinated Water Revenue Commercial Paper Notes of the Public Facilities\nFinancing Authority of the City of San Diego, approving the forms and authorizing the\nexecution and delivery of the related financing documents, and approving certain other\nrelated agreements and actions.\nSubitem-A: 6 votes required pursuant to Charter Section 99.\nSubitem-B: (R-2025-544)\nResolution authorizing the execution of a reimbursement agreement for Water capital\nimprovement project expenditures.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nApril 16, 2025.\nACTION: Motion by Committee Member Elo-Rivera, second by Council President Pro\nTem Lee, to recommend Council approval of staff’s proposed actions.\nVOTE: 3-0; Foster III-yea, lee-yea, Elo-Rivera-yea, Moreno-not present.\nDebt Management: Allison Falkenstein, (619) 533-4516\nCity Attorney Contact: Marguerite Ella Middaugh\nNOTE: See the Public Facilities Financing Authority Agenda of May 20, 2025, for a\nrelated item. (FA-1)