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RESOLUTION NO. JPFA-61
A RESOLUTION OF THE FRESNO JOINT POWERS
FINANCING AUTHORITY AUTHORIZING THE RELEASE
OF FACILITIES AND AMENDMENT OF THE MASTER
FACILITIES LEASE AND MASTER FACILITIES SUBLEASE
RELATING TO THE FRESNO JOINT POWERS FINANCING
AUTHORITY LEASE REVENUE BONDS (MASTER LEASE
PROJECTS) AND APPROVING THE TAKING OF ALL
NECESSARY OR DESIRABLE ACTIONS IN CONNECTION
THEREWITH
WHEREAS, the City of Fresno is a charter city organized and validly existing under
the Constitution of the State of California (the "City"); and
WHEREAS, the Fresno Joint Powers Financing Authority (the "Authority") is a joint
exercise of powers entity created pursuant to a Joint Exercise of Powers Agreement,
dated as of October 25, 1998, as amended, between the City and the Redevelopment
Agency of the City; and
WHEREAS, the Authority and the City entered into a Master Facilities Lease (the
"Facilities Lease") and a Master Facilities Sublease (the "Sublease"), each dated as of
April 1, 2008, as heretofore amended and supplemented (as amended and
supplemented, the "Leases") in connection with the issuance of the Authority's Lease
Revenue Bonds (Master Lease Projects) (the "Bonds"); and
WHEREAS, the Bonds were issued from time to time pursuant to the Master Trust
Agreement (as amended and supplemented, the "Trust Agreement"), dated as of April 1,
2008, between the Authority and The Bank of New York Mellon Trust Company, N.A., as
trustee (the "Trustee") for the Bonds; and
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Date Adopted: 08/14/2025
Date Approved: 08/14/2025
Effective Date: 08/14/2025 Resolution No. JPFA-61
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WHEREAS, Section 2.03 of the Sublease provides that Facilities may be released
in accordance with the requirements of the Leases; and
WHEREAS, the City and the Authority desire to release the Municipal Services
Center from the Leases pursuant to an Amendment to Master Facilities Lease and an
Amendment to Master Facilities Sublease (the "Lease Amendments"), each by and
between the City and the Authority; and
WHEREAS, the Authority has full legal right, power and authority under the laws of
the State of California to enter into the agreements hereinafter authorized.
NOW THEREFORE, BE IT RESOLVED by the Governing Board of the Fresno Joint
Powers Financing Authority, as follows:
Section 1. The foregoing recitals are true and correct and this Board
hereby so finds and determines.
Section 2. The proposed forms of the Amendment to Master Facilities
Lease and the Amendment to Master Facilities Sublease, by and between the City and
the Authority, on file with the Secretary of the Authority, and delivered to the Board, are
hereby approved. The Chairperson, Vice-Chairperson or Treasurer and Controller (the
"Authorized Officers"), jointly and severally, or any such officer's designee, are each
hereby authorized and directed, on behalf of the Authority, to execute and deliver the
Amendment to Master Facilities Lease and the Amendment to Master Facilities Sublease
in substantially said forms with such changes therein as such officer may require or
approve, subject to review by the City Attorney's Office, such approval to be conclusively
evidenced by the execution and delivery thereof.
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Section 3. The Authorized Officers, each acting alone, are hereby
authorized and directed to do any and all things and to execute and deliver any and all
documents which they may deem necessary or advisable in order to carry out, give effect
to and comply with the terms and intent of this resolution, including without limitation the
execution and delivery of termination agreements, releases and certificates required in
connection with the Lease Amendments. Such actions heretofore taken by such officers
are hereby ratified, confirmed and approved.
Section 4. This Resolution shall take effect upon its adoption.
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SECRETARY'S CERTIFICATE ''TEfl apt'
STATE OF CALIFORNIA )
COUNTY OF FRESNO ) ss.
CITY OF FRESNO )
I, TODD STERMER, Secretary of the Fresno Joint Powers Financing
Authority (the "Authority") certify that the foregoing resolution was adopted by the Board
of the Authority at a special meeting held on the 14th day of August, 2025.
AYES : Dyer, Karbassi, Esparza
NOES : None
ABSENT : None
ABSTAIN : None
TODD STERMER, MMC
City Clerk
By: g-/S Zozs
Deputy Date
APPROVED AS TO FORM
ANDREW JANZ
City Attorney
J
By: .'
B-randon M. Collet Date
Chief Assistant City Attorney