City Council

3. 2026 LEASE REVENUE BONDS FOR FIRE STATION NO. 2 26-437 RECONSTRUCTION PROJECT RECOMMENDATION: Staff recommends the City Council: 1. Approve and authorize staff contracts/agreements with the assembled bond issuance team, including financial advisor, bond counsel, disclosure counsel, underwriter, trustee and others as required to effectively issue and execute all the necessary bond financing transactions. 2. Hold a Public Hearing and Adopt the City Council Resolution No. 26-XX approving, authorizing and directing execution of certain lease financing documents and directing certain related actions in connection with financing capital improvements. (Attachments 1, 4 through 7) 3. Adopt the Financing Authority Resolution No. 26-XX approving, authorizing and directing the issuance and sale of Lease Revenue Bonds in an amount not to exceed $16.0 million to assist the City of Costa Mesa in financing capital improvements, and approving related documents and actions. (Attachments 2 through 9) Attachments: 1. Costa Mesa 2026 LRB - City Council Reso 2. Costa Mesa 2026 LRB - JPA Reso 3. City Council Reso Costa Mesa 2026 LRB (003) Redlined 4. Costa Mesa 2026 LRB - Site Lease 5. Costa Mesa 2026 LRB - Lease 6. Bond Purchase Agreement - Costa Mesa Financing Authority 2026 Lease Revenue Bonds 7. POS (including Cont Disc Cert) 8. Costa Mesa 2026 LRB - Indenture 9. Costa Mesa 2026 LRB - Assign Agmt 10. Good-Faith Estimates