JOINT CITY OF SAN JOSÉ

CITY COUNCIL/SAN JOSÉ FINANCING AUTHORITY

SAN JOSÉ, CALIFORNIA TUESDAY, OCTOBER 8, 2002

The Council of the City of San José convened in Joint Session with the San José Financing Authority at 3:47 p.m. in City Council Chambers at City Hall.

Present: Council Members - Campos, Chavez, Cortese, Dando, Diquisto, LeZotte, Reed, Shirakawa, Jr., Williams, Yeager; Gonzales.

Absent: Council Members - None.

2 (a) Adoption of a resolution of the City of San José Financing Authority:

(1) Authorizing the issuance of City of San José Financing Authority, Tax-Exempt Lease Revenue Bonds, Series 2002B, Series 2002C and Series 2002D (Civic Center Project) (collectively, the “bonds”) in the not-to-exceed aggregate principal amount of $425,000,000 to be sold through negotiated sales subject to certain limitations.

(2) Approving, in substantially final form, the Bonds, Indenture of Trust, Site Lease, Project Lease, Standby Bond Purchase Agreement, Preliminary Official Statements, Continuing Disclosure Certificate, Purchase Contract for the Series 2002B Bonds, Purchase Contract for the Series 2002C Bonds, Purchase Contract or the Series 2002D Bonds, Remarketing Agreement for the Series 2002C Bonds, and Remarketing Agreement for the Series 2002D Bonds; authorizing the Treasurer to execute and, as appropriate, to negotiate, and deliver these documents and other related financing documents and to take other actions as necessary in connection with the issuance of the Bonds.

(b) Adoption of an ordinance of the City Council approving, authorizing and directing the execution of the Project Lease.

(c) Adoption of a resolution of the City Council:

(1) Approving in substantially final form and authorizing the execution of the Project Lease, Site Lease, Preliminary Official Statements, Standby Purchase Agreement, Bond Purchase Agreements, Contin-uing Disclosure Certificate and Director of Finance authorizing the Treasurer to execute and, as appropriate, to negotiate, and deliver these documents and other related financing documents and to take other actions as necessary in connection with the issuance of the Bonds.

(2) Authorizing the City Manager to negotiate and execute an Agreement with the Public Resources Advisory Group for financial advisory services.

(3) Authorizing the City Attorney to negotiate and execute an Agreement with Jones Hall for bond counsel services.

(Finance)

Documents Filed: None

Discussion/Action: This item was deferred to October 15, 2002.

ADJOURNMENT

The Joint City Council/San José Financing Authority meeting was adjourned at 5:18 p.m.

RON GONZALES, MAYOR

ATTEST:

PATRICIA L. O’HEARN

CITY CLERK