City Council

5.1 IRVINE FACILITIES FINANCING AUTHORITY (FOOD AND BEVERAGE\nPROJECT) TAXABLE LEASE REVENUE BONDS, SERIES 2026A\nACTION:\nCITY COUNCIL ACTION:\n1) Conduct the public hearing.\nIRVINE, CALIFORNIA, AUTHORIZING THE EXECUTION AND DELIVERY\nOF A GROUND LEASE, LEASE AGREEMENT, INDENTURE, CONTINUING\nDISCLOSURE AGREEMENT AND BOND PURCHASE AGREEMENT IN\nCONNECTION WITH THE ISSUANCE OF THE IRVINE FACILITIES\nFINANCING AUTHORITY (FOOD AND BEVERAGE PROJECT) TAXABLE\nLEASE REVENUE BONDS, SERIES 2026, APPROVING THE ISSUANCE OF\nSUCH BONDS IN ONE OR MORE SERIES IN AN AGGREGATE PRINCIPAL\nAMOUNT OF NOT TO EXCEED $22,000,000, AUTHORIZING THE\nDISTRIBUTION OF AN OFFICIAL STATEMENT IN CONNECTION WITH THE\nOFFERING AND SALE OF SUCH BONDS AND AUTHORIZING THE\nEXECUTION OF NECESSARY DOCUMENTS AND CERTIFICATES AND\nRELATED ACTIONS\nIRVINE FACILITIES FINANCING AUTHORITY ACTION:\n1) Conduct the public hearing.\n2) Adopt - A RESOLUTION OF THE IRVINE FACILITIES FINANCING\nAUTHORITY AUTHORIZING THE EXECUTION AND DELIVERY OF A\nGROUND LEASE, LEASE AGREEMENT, INDENTURE, ASSIGNMENT\nAGREEMENT, AND BOND PURCHASE AGREEMENT IN CONNECTION\nWITH THE ISSUANCE OF THE IRVINE FACILITIES FINANCING\nAUTHORITY (FOOD AND BEVERAGE PROJECT) TAXABLE LEASE\nREVENUE BONDS, SERIES 2026, APPROVING THE ISSUANCE OF SUCH\nBONDS IN ONE OR MORE SERIES IN AN AGGREGATE PRINCIPAL\nAMOUNT OF NOT TO EXCEED $22,000,000 AUTHORIZING THE\nDISTRIBUTION OF AN OFFICIAL STATEMENT IN CONNECTION WITH THE\nOFFERING AND SALE OF SUCH BONDS AND AUTHORIZING THE\nEXECUTION OF NECESSARY DOCUMENTS AND CERTIFICATES AND\nRELATED ACTIONS\n5.1