1. CEREMONIAL ITEMS
2. CONSENT CALENDAR
2.7 Sale of City-Owned Property at Sunny Oaks Drive and Blossom Hill Road.
(a) Authorizing an alternative competitive process for the sale of the property at Sunny Oaks Drive and Blossom Hill Road, APN: 464-23-056;
(b) Approving an agreement between the City and J Jesus Magana, for sale of the property in the amount of $135,000; and
7. ENVIRONMENTAL & UTILITY SERVICES
7.1 Agreement with Pacific Gas & Electric for the Silicon Valley Energy Watch Program and Related Appropriation Actions.
(a) Adopt a resolution authorizing the City Manager to negotiate and execute an agreement with Pacific Gas and Electric, along with all related documents necessary to effectuate the program, to receive funding in the amount of $1,126,440 for the term beginning April 1, 2013 through December 31, 2014 for the Silicon Valley Energy Watch (SVEW) program.
9. REDEVELOPMENT - SUCCESSOR AGENCY
9.1 Agreement with JPMorgan Chase Bank, NA for Merged Area Redevelopment Project Revenue Bonds, Series 1996 A & B and Series 2003 A & B.
(a) Authorizing, subject to the approval of the Oversight Board of the Successor Agency (the "Oversight Board") and State Department of Finance ("DOF"), the execution and delivery, in substantially final form, of an Amended and Restated Reimbursement Agreement (the "Reimbursement Agreement") with JPMorgan Chase Bank, NA ("JPMorgan") to extend the terms of the letters of credit (the "Letters of Credit") relating to:
(b) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of an Amended Letter Agreement regarding fees and charges for the Letters of Credit provided by JPMorgan under the Reimbursement Agreement in the amount of 2.80% of the aggregate outstanding face amounts of the Letters of Credit, assuming that two of the three ratings assigned by Fitch, Moody's or Standard & Poor's on the senior lien Redevelopment Agency of the City of San José Merged Area Redevelopment Project Tax Allocation Bonds are not withdrawn, suspended or otherwise become unavailable;
(c) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of a Second Supplemental Indenture of Trust relating to the 1996 Bonds between the Successor Agency and U.S. Bank National Association, as Trustee (the "1996 Trustee");
(d) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of a First Supplemental Indenture of Trust relating to the 2003 Bonds between the Successor Agency, U.S. Bank National Association as Trustee (the "2003 Trustee) and the 1996 Trustee;
(e) Appointing U.S. Bancorp ("U.S. Bancorp") as Remarketing Agent for the 1996 Series B Bonds and Citigroup Global Markets Inc. ("Citigroup") as Remarketing Agent for the 2003 Series B, in each case to replace Bank of America Merrill Lynch;
(f) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of Amended and Restated Remarketing Agreements with Citigroup and U.S. Bancorp with respect to the 1996 Bonds and JPMorgan and Citigroup with respect to the 2003 Bonds;
(g) Authorizing, the execution and delivery, in substantially final form, of a Remarketing Memorandum with respect to the 1996 Bonds and 2003 Bonds; and
(h) Authorizing the Executive Officer of the Successor Agency, the Director of Finance of the City of the City of San José, or their designee, to take any actions and execute any and all documents necessary to complete this transaction.
CEQA: Not a Project, File No. PP10-066, Agreements/Contracts. (Finance)
Mar 19, 2013 City Council
1. CEREMONIAL ITEMS
2. CONSENT CALENDAR
2.7 Sale of City-Owned Property at Sunny Oaks Drive and Blossom Hill Road.
(a) Authorizing an alternative competitive process for the sale of the property at Sunny Oaks Drive and Blossom Hill Road, APN: 464-23-056;
(b) Approving an agreement between the City and J Jesus Magana, for sale of the property in the amount of $135,000; and
7. ENVIRONMENTAL & UTILITY SERVICES
7.1 Agreement with Pacific Gas & Electric for the Silicon Valley Energy Watch Program and Related Appropriation Actions.
(a) Adopt a resolution authorizing the City Manager to negotiate and execute an agreement with Pacific Gas and Electric, along with all related documents necessary to effectuate the program, to receive funding in the amount of $1,126,440 for the term beginning April 1, 2013 through December 31, 2014 for the Silicon Valley Energy Watch (SVEW) program.
9. REDEVELOPMENT - SUCCESSOR AGENCY
9.1 Agreement with JPMorgan Chase Bank, NA for Merged Area Redevelopment Project Revenue Bonds, Series 1996 A & B and Series 2003 A & B.
(a) Authorizing, subject to the approval of the Oversight Board of the Successor Agency (the "Oversight Board") and State Department of Finance ("DOF"), the execution and delivery, in substantially final form, of an Amended and Restated Reimbursement Agreement (the "Reimbursement Agreement") with JPMorgan Chase Bank, NA ("JPMorgan") to extend the terms of the letters of credit (the "Letters of Credit") relating to:
(b) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of an Amended Letter Agreement regarding fees and charges for the Letters of Credit provided by JPMorgan under the Reimbursement Agreement in the amount of 2.80% of the aggregate outstanding face amounts of the Letters of Credit, assuming that two of the three ratings assigned by Fitch, Moody's or Standard & Poor's on the senior lien Redevelopment Agency of the City of San José Merged Area Redevelopment Project Tax Allocation Bonds are not withdrawn, suspended or otherwise become unavailable;
(c) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of a Second Supplemental Indenture of Trust relating to the 1996 Bonds between the Successor Agency and U.S. Bank National Association, as Trustee (the "1996 Trustee");
(d) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of a First Supplemental Indenture of Trust relating to the 2003 Bonds between the Successor Agency, U.S. Bank National Association as Trustee (the "2003 Trustee) and the 1996 Trustee;
(e) Appointing U.S. Bancorp ("U.S. Bancorp") as Remarketing Agent for the 1996 Series B Bonds and Citigroup Global Markets Inc. ("Citigroup") as Remarketing Agent for the 2003 Series B, in each case to replace Bank of America Merrill Lynch;
(f) Authorizing, subject to the approval of the Oversight Board and DOF, the execution and delivery, in substantially final form, of Amended and Restated Remarketing Agreements with Citigroup and U.S. Bancorp with respect to the 1996 Bonds and JPMorgan and Citigroup with respect to the 2003 Bonds;
(g) Authorizing, the execution and delivery, in substantially final form, of a Remarketing Memorandum with respect to the 1996 Bonds and 2003 Bonds; and
(h) Authorizing the Executive Officer of the Successor Agency, the Director of Finance of the City of the City of San José, or their designee, to take any actions and execute any and all documents necessary to complete this transaction.
CEQA: Not a Project, File No. PP10-066, Agreements/Contracts. (Finance)
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