MEETING DATE:
July 22, 2025
SUBJECT:
Title
RESOLUTION NO. 2025-9476 - APPROVING THE ISSUANCE OF CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY KAISER PERMANENTE REVENUE BONDS IN ONE OR MORE SERIES FROM TIME TO TIME PURSUANT TO A PLAN OF FINANCE IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $880,000,000 FOR THE PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, EQUIPPING, RENOVATION, REHABILITATION, REMODELING AND OTHER CAPITAL PROJECTS OF CERTAIN HEALTH FACILITIES AND CERTAIN OTHER MATTERS RELATING THERETO
Body
Recommendation:
Recommendation
ADOPT resolution approving the issuance of California Statewide Communities Development Authority Kaiser Permanente revenue bonds in an aggregate principal amount not to exceed $880,000,000 for the purpose of financing or refinancing the acquisition, construction, improvement, equipping, renovation, rehabilitation, remodeling, and other capital projects of certain health facilities.
Body
Board or Commission Action
Not applicable
Relevant Council Strategic Theme
Not applicable
Relevant Department Goal
Not applicable
Introduction:
The California Statewide Communities Development Authority (the "Authority" or "CSCDA") is a joint powers authority established by the League of California Cities and California State Association of Counties whose purpose is to provide California's local governments with an effective tool for the timely financing of community-based public benefit projects. Federal and state laws provide the ability for cities and counties to join together under cooperative agreements to form joint powers authorities to issue tax-exempt and taxable bonds to fund projects that provide a public benefit and serve the needs of residents within the jurisdictions of the participating members. The City of San Marcos (the "City") joined CSCDA as a Program Participant on December 13, 1988 pursuant to Resolution No. 88-3044.
Kaiser Permanente exists to provide high...
Click here for full text