File #: File ID 12585    Version: 1 Name:
Type: Agenda Item Status: Approved
File created: 2/3/2021 In control: Finance and Risk Management
On agenda: 2/16/2021 Final action: 2/16/2021
Title: (Clerk's Note: This item requires approval prior to consideration of Agenda Item No. 12.) Public Safety Personnel Retirement System and Corrections Officer Retirement Plan Resolution RESOLUTION NO. 2021 - 2, of the Board of Supervisors of Pima County, Arizona authorizing the lease and lease-purchase back of certain real property, including buildings and structures, in order to finance all or a portion of the County's unfunded liabilities with respect to the Arizona Public Safety Personnel Retirement System and the Correctional Officers Retirement Plan or, to the extent not so used, to finance other projects or to pay other expenses of the County approved by the Board and to pay costs of delivery; authorizing notice to the public of the lease and lease-purchase of the property and providing for the award thereof to the highest responsible bidder; authorizing the execution and delivery of a ground lease, a lease-purchase agreement and a trust agreement and other necessary agreements, ins...
Attachments: 1. FN_ResoPSPRSandCORPFunding, 2. FN_CAMemo_PensionSystemPayments

Title
(Clerk’s Note: This item requires approval prior to consideration of Agenda Item No. 12.)

Public Safety Personnel Retirement System and Corrections Officer Retirement Plan Resolution

RESOLUTION NO. 2021 - 2, of the Board of Supervisors of Pima County, Arizona authorizing the lease and lease-purchase back of certain real property, including buildings and structures, in order to finance all or a portion of the County’s unfunded liabilities with respect to the Arizona Public Safety Personnel Retirement System and the Correctional Officers Retirement Plan or, to the extent not so used, to finance other projects or to pay other expenses of the County approved by the Board and to pay costs of delivery; authorizing notice to the public of the lease and lease-purchase of the property and providing for the award thereof to the highest responsible bidder; authorizing the execution and delivery of a ground lease, a lease-purchase agreement and a trust agreement and other necessary agreements, instruments and documents; approving the execution and delivery of pledged revenue obligations to provide the necessary financing therefor, with lease payments by the County to be made solely from certain pledged revenues imposed or received by the County; and authorizing other actions and matters in connection therewith.