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File Number: 18-539 <br />(D) The total debt service on the 2018 Bonds is currently expected to be $39,448,511. <br />Authorizing Resolutions <br />The City and Authority must approve the following resolutions to issue the 2018 Bonds. <br />A Resolution of the City Council of the City of San Leandro Approving Documents and <br />Actions Relating to the Issuance and Sale of 2018 Lease Revenue Bonds - This resolution <br />approves of the Authority issuing the 2018 Bonds in an amount not to exceed $22,000,000 and <br />for an underwriter’s discount not to exceed 5.0% and approves and authorizes City staff to <br />execute the documents required to complete the financing transaction. <br />Resolution of the San Leandro Public Financing Authority Authorizing the Issuance and <br />Sale of 2018 Lease Revenue Bonds to Finance City Capital Improvement Projects, and <br />Approving Related Documents - This resolution approves the issuance of the 2018 Bonds in <br />an amount not to exceed $22,000,000 and for an underwriter’s discount not to exceed 5.0% and <br />approves and authorizes Authority staff to execute the documents required to complete the <br />financing transaction. <br />Bond Documents <br />The City Council and the San Leandro Public Financing Authority must approve the following <br />documents to complete the 2018 Bonds transaction. <br />First Amendment to Site Lease - The Site Lease is between the City and the San Leandro <br />Public Financing Authority. This is the agreement that establishes the lease of the Main Library to <br />the Authority. The first amendment adds the 2018 Bonds to the 2016 Bonds in the terms of the <br />site lease, in exchange for an upfront site lease payment from the Authority to the City to be used <br />by the City for the projects. <br />First Amendment to Lease Agreement - The Lease Agreement establishes the leaseback of <br />the Main Library from the Authority by the City. This amended agreement specifies the term of the <br />agreement and the amount of payments for the 2018 Bonds. <br />First Amendment to Assignment Agreement - This agreement is between the Authority and <br />U.S. Bank National Association (the Trustee). In this agreement the Authority assigns all of its <br />rights under the Lease Agreement to the Trustee. For example, rather than the City making <br />semi-annual lease payments to the Authority and the Authority then paying the bond holders, the <br />City will make its payments directly to the Trustee and the Trustee will then pay the holders of the <br />2018 Bonds. The amendment adds in the 2018 Bonds, in addition to the 2016 Bonds. <br />First Supplemental Indenture of Trust - This agreement is among the Authority, the City and <br />the Trustee. The Indenture of Trust sets forth the guidelines for the administration, investment and <br />treatment of the proceeds of the issue. The first supplement adds in the 2018 Bonds, in addition <br />to the 2016 Bonds. <br />Bond Purchase Agreement - The Bond Purchase Agreement is an agreement between the <br />City and the underwriter under which the underwriter purchases the 2018 Bonds. This agreement <br />specifies the price and interest rates at which the underwriter will purchase the 2018 Bonds and <br />Page 4 City of San Leandro Printed on 10/30/2018