NOTICE IS HEREBY GIVEN THAT A SPECIAL MEETING OF THE IBANK BOARD IS BEING CALLED SUBJECT TO GOVERNMENT CODE SECTION 11125.4, SUBD. (a)

Wednesday, November 19, 2025; 2:20 p.m.

Bergeson Peace Board Room (In Person)

1325 J Street, Suite 1300

Sacramento, CA 95814                       

Public Participation Call-In Number (Teleconference):

(888) 788-0099

Zoom Meeting ID: 835 6680 8651

OPEN SESSION

1. Call to Order and Roll Call.

2. Action Item: There will be a public comment period before Board action on each item. 

a) Resolution 25-18: Request for the Board to make a finding on the record that due to the material changes to a transaction approved by the IBank Board, a special meeting is warranted pursuant to Gov. Code, § 11125.4, subd. (c), as following the 10-day notice rule would impose a substantial hardship on the state body and/or immediate action is required to protect the public interest.

CLOSED SESSION



3.    Conference with Legal Counsel – Issuance of Legal Opinion

a.    Nature of the Matter: Discussion and direction regarding a legal opinion with respect to Resolution Nos. 25-15 and 25-16 passed by IBank Board of Directors on October 22, 2025.

b.    Governing Law: Gov. Code, § 11125.4 subd. (a)(3)

RETURN TO OPEN SESSION

4. Public Comment.

5. Adjournment.

Meeting Procedure Information

The numerical order of items on this agenda is for convenience of reference. Items may be taken out of order upon the request of the IBank’s Chair or Board Members. This agenda and information related to items presented at the meeting can be obtained at https://ibank.ca.gov/board/2025-board-meetings/. 

Public Participation

This meeting may be attended either in person or via teleconference by the public, IBank staff, and Board Members. There will be an opportunity for public comment before the vote on each item. 1325 J St. is a secured facility that requires visitors be screened and access is limited to IBank’s offices on the 13^th floor.

Access and Accommodation Information

The California Infrastructure and Economic Development Bank complies with the Americans with Disabilities Act (ADA) by ensuring that the facilities are accessible to persons with disabilities, and by providing this notice and agenda and related information in alternative formats when requested. If you need further assistance, including disability-related modifications or accommodations, please call (916) 341-6600 before the meeting.

For additional information regarding this notice and agenda, please call (916) 341-6600.  

Media Contact:

Karen C. Naungayan

karen.naungayan@ibank.ca.gov

916.207.9132

About the California Infrastructure and Economic Development Bank: IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. IBank is located within the Governor's Office of Business and Economic Development and is governed by a five-member Board of Directors.

IBank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, leverage State and Federal funds and provide loan guarantees and other credit enhancements to small businesses. Find more information at www.ibank.ca.gov. 

Mailing Address: 1325 J Street, Suite 1300, Sacramento, CA 95814

Main Telephone: 916.341.6600 

www.ibank.ca.gov