HomeMy WebLinkAboutResolution - - JPFA-48 - 9/24/2020RESOLUTION NO. JPFA-48
A RESOLUTION OF THE FRESNO JOINT POWERS
FINANCING AUTHORITY AUTHORIZING THE ISSUANCE AND SALE OF LEASE REVENUE BONDS (MASTER LEASE PROJECTS) SERIES 2020A; AUTHORIZING THE EXECUTION AND DELIVERY OF A FOURTH
SUPPLEMENTAL TRUST AGREEMENT, A FOURTH
AMENDMENT TO MASTER FACILITIES LEASE, A
FOURTH AMENDMENT TO MASTER FACILITIES SUBLEASE, A BOND PURCHASE CONTRACT AND AN OFFICIAL STATEMENT; AND AUTHORIZING THE TAKING
OF ALL NECESSARY ACTIONS RELATING TO THE
ISSUANCE OF THE BONDS
WHEREAS, the City of Fresno (City) and the Redevelopment Agency of the City
of Fresno (Agency) have executed a Joint Exercise of Powers Agreement, dated
October 25, 1988, as amended (Joint Powers Agreement), between the City and the
Agency that creates and establishes the Fresno Joint Powers Financing Authority (the
Authority); and
WHEREAS, pursuant to Article 4 of Chapter 5 of Division 7 of Title 1 of the
Government Code of the State of California (Marks-Roos Local Bond Pooling Act of
1985) and the Joint Powers Agreement, the Authority is authorized to issue bonds for
financing and refinancing public capital improvements, working capital, liability and other
insurance needs or projects whenever there are significant public benefits; and
WHEREAS, pursuant to Government Code Section 6586.5, the City held a public
hearing on the proposed financing following publication of a notice thereof at least five
days before the hearing; and
WHEREAS, the Authority desires to issue bonds to finance the construction of an
Animal Services Facility in the City (Series 2020A Project); and
Date Adopted: 09/24/2020
Date Approved: 09/24/2020
Effective Date: 09/24/2020
1 of 9
Resolution No. JPFA-48