City Council

Item 330:\nClick Here to Submit a\nComment\nAuthorization for the Public Facilities Financing Authority of the City of San Diego\nSewer 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:\nEstimated debt service for the 2026 Sewer Bonds is $15 million annually from Fiscal Year\n2027 to Fiscal Year 2056, paid from the Sewer Revenue Fund.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\n(O-2026-43)\nIntroduction of an Ordinance approving the forms and authorizing the execution and\ndelivery of one or more supplemental indentures, supplements to master installment\npurchase agreement, bond purchase agreements, escrow agreements and continuing\ndisclosure certificates; and approving and authorizing the issuance and sale by the Public\nFacilities Financing Authority of the City of San Diego of one or more series of its senior\nor subordinated 2026 sewer revenue bonds and approving other related documents and\nactions.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nNovember 5, 2025.\nACTION: Motion by Council President Pro Tem Lee, second by Councilmember EloRivera, to recommend Council approval of staff’s proposed actions.\nVOTE: 4-0; Foster III-yea, Moreno-yea, Elo-Rivera-yea, Lee-yea.\nDepartment of Finance: Jyothi Pantulu, (619) 236-6917\nCity Attorney Contact: Marguerite Ella Middaugh\nSee the PFFA Agenda of November 18, 2025, for a related item.