City Council

Item No. 32. 2024-0622 PUBLIC HEARING TO CONSIDER APPROVAL OF\nLEASE FINANCING BY THE CITY AND THE CARSON\nPUBLIC FINANCING AUTHORITY IN ORDER TO\nPROVIDE FINANCING FOR VARIOUS CAPITAL\nIMPROVEMENTS\nCONSIDER RESOLUTION NO. 24-071 AUTHORIZING\nAND DIRECTING EXECUTION OF A SITE AND\nFACILITIES LEASE, A PROPERTY LEASE AND\nCERTAIN OTHER FINANCING DOCUMENTS AND\nDIRECTING CERTAIN RELATED ACTIONS IN\nCONNECTION WITH THE ISSUANCE BY THE\nCARSON PUBLIC FINANCING AUTHORITY OF ITS\n2024 LEASE REVENUE BONDS (CITY COUNCIL)\nCONSIDER RESOLUTION NO. 24-01-CPFA,\nAPPROVING, AUTHORIZING AND DIRECTING\nEXECUTION OF CERTAIN FINANCING DOCUMENTS\nAND DIRECTING CERTAIN RELATED ACTIONS IN\nCONNECTION WITH THE ISSUANCE OF ITS 2024\nLEASE REVENUE BONDS IN AN AGGREGATE\nPRINCIPAL AMOUNT NOT TO EXCEED $92,000,000\n(CARSON PUBLIC FINANCING AUTHORITY)\nRecommendation: TAKE the following actions:\n1. OPEN the Public Hearing, TAKE public testimony regarding the\nissuance of Lease Revenue Bonds, and CLOSE the Public\nHearing.\n2. WAIVE further reading and ADOPT RESOLUTION NO. 24-071,\nA RESOLUTION OF THE CITY OF CARSON CITY COUNCIL\nAUTHORIZING AND DIRECTING EXECUTION OF A SITE AND\nFACILITIES LEASE, A PROPERTY LEASE AND CERTAIN\nOTHER FINANCING DOCUMENTS AND DIRECTING CERTAIN\nRELATED ACTIONS IN CONNECTION WITH THE ISSUANCE BY\nTHE CARSON PUBLIC FINANCING AUTHORITY OF ITS 2024\nLEASE REVENUE BONDS (Exhibit B)\n3. WAIVE further reading and ADOPT RESOLUTION NO.\n24-01-CPFA, A RESOLUTION OF THE BOARD OF THE\nCARSON PUBLIC FINANCING AUTHORITY APPROVING,\nAUTHORIZING AND DIRECTING EXECUTION OF CERTAIN\nFINANCING DOCUMENTS AND DIRECTING CERTAIN\nRELATED ACTIONS IN CONNECTION WITH THE ISSUANCE\nOF ITS 2024 LEASE REVENUE BONDS IN AN AGGREGATE\nPRINCIPAL AMOUNT NOT TO EXCEED $92,000,000 (Exhibit C)\nAttachments: Exhibit A - Carson Public Hearing Notice\nExhibit B - City Resolution 24-071\nExhibit C - Public Financing Authority Resolution 24-01-CPFA\nExhibit D - Preliminary Official Statement\nExhibit E - Property Lease\nExhibit F - Site and Facility Lease\nExhibit G - Bond Purchase Agreement\nExhibit H - Indenture\nDISCUSSION: (Item 33)