City Council

Item 335: Authorization for the Public Facilities Financing Authority of the City of San Diego\nSewer Revenue Bonds.\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 2024 Sewer Bonds is $14.2 million in Fiscal Year 2025 and\n$17.6 million annually from Fiscal Year 2026 to Fiscal Year 2054, paid from the Sewer\nRevenue Fund.\nCouncil District(s) Affected: Citywide.\nProposed Actions:\n(O-2024-92)\nIntroduction of an Ordinance approving and authorizing the issuance and sale by the\nPublic Facilities Financing Authority of the City of San Diego of one more series of its\nSewer Revenue Bonds in the aggregate principal amount not-to-exceed $300,000,000 to\nfinance additional components to wastewater system and approving other related\ndocuments and actions.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken:\nThis item was heard at the Budget & Government Efficiency Committee meeting on\nMarch 14, 2024.\nACTION: Motion by Committee Member LaCava, second by Committee Member Elo-\nRivera.\nVOTE: 3-0; Lee-yea, Elo Rivera-yea, LaCava-yea, Moreno-not present.\nDepartment of Finance: Jyothi Pantulu, (619) 236-6917\nCity Attorney Contact: David Powell