Mountains Recreation and Conservation Authority Lease Agreement 2026-06-01
Webster Public Finance finances Fireworks Hill acquisition
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Description
Webster Public Finance Corporation provides lease financing to the Conejo Recreation and Park District for the acquisition of the Fireworks Hill property. The Mountains Recreation and Conservation Authority assigns its right to receive lease payments to Webster under an Assignment Agreement tied to the long-term lease.
Contract Details
Vendor
WEBSTER PUBLIC FINANCE CORPORATION
Agency
Conejo Recreation And Park District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
Loan dated as of June 1, 2026; Lease term Commencement Date [June 30], 2026 through July 1, 2046 (automatically extended to July 1, 2056 if Lease Payments not fully made)
Renewal Date
2046-07-01
Renewal Info
Lease Payments assigned to Webster for the full lease term; District may optionally prepay principal components on or after July 1, 2030 at stated premiums and once, up to $5,000,000, without penalty from specified revenues.
More from WEBSTER PUBLIC FINANCE CORPORATION
Related Contracts
Conejo Recreation & Park District StaffReport Resolution No. 060426-E Authorizing Site Lease and Lease Agreement 2026-06-04
PENDINGConejo Recreation and Park District Agenda Regular Meeting 2026-06-04
PENDINGConejo Recreation and Park District Resolution Authorizing Lease-Leaseback Financing for Fireworks Hill 2026-06-04
APPROVEDConejo Recreation and Park District Site Lease 2026-06-01
APPROVEDMountains Recreation and Conservation Authority Assignment Agreement 2026-06-01
AWARDEDIssuing Agency
Conejo Recreation And Park District
Special District
Thousand Oaks, CA
More from Conejo Recreation And Park District
Conejo Recreation & Park District StaffReport Resolution No. 060426-E Authorizing Site Lease and Lease Agreement 2026-06-04
Conejo Recreation & Park District StaffReport Resolution No. 060426-E Authorizing Site Lease and Lease Agreement 2026-06-04
Conejo Recreation and Park District Resolution Approving Engineer's Report and Assessments for Landscape Maintenance District No. 92-1 2026-06-04
Conejo Recreation and Park District Resolution Approving Engineer's Report and Ordering Continuation of Assessments for Fiscal Year 2026-27 2026-06-04
Conejo Recreation & Park District Investment Report 2026-06-04
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