City Council

Item 60:\nAuthorization for the Public Facilities Financing Authority of the City of San Diego\n2025A Water Revenue Bonds.\nTotal Estimated Cost of Proposed Action and Funding Source:\nSee "Fiscal Considerations" section of Staff Report.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\nAdopt the following Ordinance that was introduced on 5/20/2025, item 332, Subitem-A\n(Council voted 7-0, Councilmember Campbell and Councilmember Elo-Rivera-not\npresent):\n(O-2025-123)\nOrdinance approving and authorizing the issuance and sale of one or more series of water\nrevenue bonds on a taxable or tax-exempt basis by the Public Facilities Financing\nAuthority of the City of San Diego in an aggregate amount not to exceed $250,000,000 to\nfinance additional capital improvements to the Water System, pay the Subordinated Water\nRevenue Commercial Paper Notes of the Public Facilities Financing Authority of the City\nof San Diego, approving the forms and authorizing the execution and delivery of the\nrelated financing documents, and approving certain other related agreements and actions.\n6 votes required pursuant to Charter Section 99.\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