DISCUSSION AND POSSIBLE ACTION ITEM:

Discussion and possible action on any and all matters regarding Resolution No. 2026-02.  A Resolution of the San Luis Facility Development Corporation Board of Directors in support of the San Luis Regional Detention and Support Center, approving the First Amendment to the Amended and Restated Agreement with U.S. Bank Trust Company and LaSalle Corrections to extend the forbearance of the bonds until April 30, 2027; repealing conflicting provisions; and providing for severability. (Joseph Estes, General Counsel)

This item is to approve the First Amendment to the Amended and Restated Agreement regarding Temporary Forbearance, Operation of Project and Project Revenue regarding the San Luis Regional Detention and Support Center. This Agreement allows for the Trustee, with the mutual agreement of parties and in connection with certain events of default, to appoint a receiver to facilitate the sale of the San Luis Regional Detention and Support Center.