City Council

Item 330:\nAuthorization For the Public Facilities Financing Authority of the City of San Diego\n2025 Lease Revenue Bonds and Ballpark Refunding 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:\nPlease see "Fiscal Considerations" section of the Staff Report.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\nSubitem-A: (O-2025-124)\nIntroduction of an Ordinance authorizing the issuance and sale by the Public Facilities\nFinancing Authority of the City of San Diego of its 2025 Lease Revenue Bonds in the\naggregate principal amount not-to-exceed $465,000,000 and approving other related\ndocuments and actions.\nSubitem-A: 6 votes required pursuant to Charter Section 99.\nSubitem-B: (O-2025-125)\nIntroduction of an Ordinance authorizing the issuance of the Public Facilities Financing\nAuthority of the City of San Diego Lease Revenue Refunding Bonds, to refund all or a\nportion of the City’s 2016 Ballpark Bonds and approving other related documents and\nactions.\nSubitem-B: 6 votes required pursuant to Charter Section 99.\nSubitem-C: (R-2025-543)\nResolution declaring the City’s official intent to use proceeds from debt obligations to\nreimburse itself for eligible capital expenditures advanced by the General Fund.\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: Samantha Weisman, (619) 533-6491\nCity Attorney Contact: David Powell\nNOTE: See the Public Facilities Financing Authority Agenda of June 3, 2025, for a\nrelated item. (FA-1)