SAN JOSÉ, CALIFORNIA TUESDAY, JANUARY 16, 2001
The Council of the City of San Jose was scheduled to convene at 1:30 p.m. in Joint Session with The Financing Authority of the City of San José, Council Chambers, City Hall.
Present: Council Members: Chavez, Cortesé, Dando, Diquisto, LeZotte, Reed, Shirakawa Jr., Williams, Yeager; Gonzales
Absent: Council Members: None.
Vacant: District 5.
2 (a) Conduct
a Public Hearing concerning the approval of the proposed lease financing by the
City and the City of San José Financing Authority related to the refinance of
certain outstanding obligations, a portion of which the proceeds were used by
the City to acquire and construct improvements to the Hayes Mansion and
Edenvale Garden Park and to finance certain additional improvements to the
Hayes Mansion, additional park improvements and a public parking facility at
Edenvale Garden Park.
(b) Adoption of a resolution by the City of
San José Financing Authority authorizing the issuance of three series of lease
revenue bonds in the initial aggregate principal amount not to exceed $60
million for the Series B & C taxable bonds, and $10 million for the Series
D tax exempt bonds, in connection with financing and refinancing certain public
capital improvements at the Hayes Mansion and Edenvale Garden Park, authorizing
and directing execution of an Indenture of Trust and certain financing
documents, authorizing the negotiation of the sale of bonds, approving the
Official Statements and authorizing other related actions.
(c) Adoption of a resolution by the City
Council:
(1) Authorizing and directing the execution of
certain financing documents, including the Project Lease and other related
documents and directing certain related actions in connection with financing
for certain public capital improvements.
(2) Authorizing the City Manager to negotiate and execute an agreement
with Stone & Youngberg, LLP for financial advisory services from January 1,
1999 until April 1, 2001, in an amount not to exceed $70,000.
(3) Authorizing the City Attorney to negotiate and execute an agreement
with Jones Hall, A Professional Law Corporation, for bond counsel services.
(d) Adoption of an ordinance by the City
Council approving, authorizing, and
directing the execution of a Project Lease in connection with the Hayes Mansion
Phase III Improvement and Refunding Project.
(Finance)
Documents Filed: None.
Discussion/Action: Under Orders of the Day, the recommended deferral of the actions related to the Hayes Mansion Phase III Improvement and Refunding project, was deferred to January 30, 2001. Vote: 10-0-0-0-1. Vacant: District 5
The Financing Authority of the City of San José was adjourned at 1:30 p.m.
RON GONZALES, MAYOR
ATTEST:
PATRICIA L. O’HEARN, CITY CLERK