City Council

15. JOINT ACTION OF THE CITY COUNCIL AND THE PASADENA PUBLIC FINANCING AUTHORITY: ADOPTION OF A RESOLUTION APPROVING AN INSTALLMENT PURCHASE AGREEMENT, INDENTURE OF TRUST, A WATER INFRASTRUCTURE FINANCE AND INNOVATION ACT (“WIFIA”) LOAN AGREEMENT, AND A WIFIA LOAN TERM SHEET WITH RESPECT TO THE ISSUANCE BY THE PASADENA PUBLIC FINANCING AUTHORITY OF NOTES IN AN AGGREGATE PRINCIPAL AMOUNT NOT-TO-EXCEED $111,050,791 AND OTHER MATTERS PERTAINING THERETO, AND AUTHORIZE THE CITY MANAGER TO AMEND CONTRACT WITH PFM FINANCIAL ADVISORS LLC FOR A NEW TOTAL NOT-TO-EXCEED $350,000 ADOPTION OF A RESOLUTION APPROVING AN INSTALLMENT PURCHASE AGREEMENT, INDENTURE OF TRUST, A WIFIA LOAN AGREEMENT, AND A WIFIA LOAN TERM SHEET WITH RESPECT TO THE ISSUANCE OF NOTES IN AN AGGREGATE PRINCIPAL AMOUNT NOT-TO-EXCEED $111,050,791 AND OTHER MATTERS PERTAINING THERETO (W&P Dept.) Recommendation: It is recommended that the City Council: (1) Find that the action proposed in the agenda report is not a “project” subject to the California Environmental Quality Act (CEQA) pursuant to California Public Resources Code Section 21065 and within the meaning of State CEQA Guidelines Section 15378; (2) Adopt a resolution approving an Installment Purchase Agreement, Indenture of Trust, a WIFIA Loan Agreement, and WIFIA Loan Term Sheet with respect to the issuance by the Pasadena Public Financing Authority of Notes in an aggregate principal amount not-to-exceed $111,050,791 and other matters pertaining thereto; and (3) Authorize the City Manager to amend Contract No. 32211 with PFM Financial Advisors LLC (“PFM”) to increase the contract amount by $100,000 to support the expanded WIFIA loan advisory services for a total not-to- exceed amount of $350,000. Recommendation: It is recommended that the Pasadena Public Finance Authority: (1) Adopt a resolution approving an Installment Purchase Agreement, Indenture of Trust, a WIFIA Loan Agreement, and WIFIA Loan Term Sheet with respect to the issuance of Notes in an aggregate principal amount not-to- exceed $111,050,791 and other matters pertaining thereto.