City Council

Item No. 32. 2024-0622 PUBLIC HEARING TO CONSIDER APPROVAL OF LEASE FINANCING BY THE CITY AND THE CARSON PUBLIC FINANCING AUTHORITY IN ORDER TO PROVIDE FINANCING FOR VARIOUS CAPITAL IMPROVEMENTS CONSIDER RESOLUTION NO. 24-071 AUTHORIZING AND DIRECTING EXECUTION OF A SITE AND FACILITIES LEASE, A PROPERTY LEASE AND CERTAIN OTHER FINANCING DOCUMENTS AND DIRECTING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE ISSUANCE BY THE CARSON PUBLIC FINANCING AUTHORITY OF ITS 2024 LEASE REVENUE BONDS (CITY COUNCIL) CONSIDER RESOLUTION NO. 24-01-CPFA, APPROVING, AUTHORIZING AND DIRECTING EXECUTION OF CERTAIN FINANCING DOCUMENTS AND DIRECTING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE ISSUANCE OF ITS 2024 LEASE REVENUE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $92,000,000 (CARSON PUBLIC FINANCING AUTHORITY) Recommendation: TAKE the following actions: 1. OPEN the Public Hearing, TAKE public testimony regarding the issuance of Lease Revenue Bonds, and CLOSE the Public Hearing. 2. WAIVE further reading and ADOPT RESOLUTION NO. 24-071, A RESOLUTION OF THE CITY OF CARSON CITY COUNCIL AUTHORIZING AND DIRECTING EXECUTION OF A SITE AND FACILITIES LEASE, A PROPERTY LEASE AND CERTAIN OTHER FINANCING DOCUMENTS AND DIRECTING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE ISSUANCE BY THE CARSON PUBLIC FINANCING AUTHORITY OF ITS 2024 LEASE REVENUE BONDS (Exhibit B) 3. WAIVE further reading and ADOPT RESOLUTION NO. 24-01-CPFA, A RESOLUTION OF THE BOARD OF THE CARSON PUBLIC FINANCING AUTHORITY APPROVING, AUTHORIZING AND DIRECTING EXECUTION OF CERTAIN FINANCING DOCUMENTS AND DIRECTING CERTAIN RELATED ACTIONS IN CONNECTION WITH THE ISSUANCE OF ITS 2024 LEASE REVENUE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $92,000,000 (Exhibit C) Attachments: Exhibit A - Carson Public Hearing Notice Exhibit B - City Resolution 24-071 Exhibit C - Public Financing Authority Resolution 24-01-CPFA Exhibit D - Preliminary Official Statement Exhibit E - Property Lease Exhibit F - Site and Facility Lease Exhibit G - Bond Purchase Agreement Exhibit H - Indenture DISCUSSION: (Item 33)