City Council

Item 331:\nAuthorization for the Public Facilities Financing Authority of the City of San Diego\nSewer Revenue Bonds, Series 2026 A and Series 2026 B (“2026 Sewer Revenue\nBonds”) Preliminary Official Statement (“POS”).\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 2026A New Money Sewer Bonds is $14 million annually\nfrom Fiscal Year 2027 to Fiscal Year 2056, paid from the Sewer Revenue Fund. The total\ninterest cost of Series B is projected to be $2.8 million. The refunding of the 2015 and\n2016A Bonds would provide debt service savings of $3 million annually starting FY 2027\nthrough FY 2039.\nCouncil District(s) Affected: Citywide.