City Council

Item 53:\nAuthorization for the Public Facilities Financing Authority of the City of San Diego\n2025 Lease Revenue Bonds and Ballpark Refunding Bonds.\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:\nAdopt the following Ordinances which were introduced on 6/3/2025, Item 330, SubitemA and Subitem-B (Council voted 7-0, Councilmember Campbell-not present,\nCouncilmember Foster III -not present):\nSubitem-A: (O-2025-124)\nOrdinance authorizing the issuance and sale by the Public Facilities Financing Authority\nof the City of San Diego of its 2025 Lease Revenue Bonds in the aggregate principal\namount not-to-exceed $465,000,000 and approving other related documents and actions.\nSubitem-A: 6 votes required pursuant to Charter Section 99.\nSubitem-B: (O-2025-125)\nOrdinance authorizing the issuance of the Public Facilities Financing Authority of the\nCity of San Diego Lease Revenue Refunding Bonds, to refund all or a portion of the\nCity’s 2016 Ballpark Bonds and approving other related documents and actions.\nSubitem-B: 6 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: Samantha Weisman, (619) 533-6491\nCity Attorney Contact: David Powell