diff --git a/pkg/server/healthz.go b/pkg/server/healthz.go
index 27032b140..61da5873c 100644
--- a/pkg/server/healthz.go
+++ b/pkg/server/healthz.go
@@ -103,7 +103,10 @@ func (s *GenericAPIServer) installReadyz() {
 	s.readyzLock.Lock()
 	defer s.readyzLock.Unlock()
 	s.readyzChecksInstalled = true
-	healthz.InstallReadyzHandler(s.Handler.NonGoRestfulMux, s.readyzChecks...)
+	healthz.InstallReadyzHandlerWithHealthyFunc(s.Handler.NonGoRestfulMux, func() {
+		// note: InstallReadyzHandlerWithHealthyFunc guarantees that this is called only once
+		s.lifecycleSignals.HasBeenReady.Signal()
+	}, s.readyzChecks...)
 }
 
 // installLivez creates the livez endpoint for this server.
diff --git a/pkg/server/healthz/healthz_test.go b/pkg/server/healthz/healthz_test.go
index 0fb67c845..89937987e 100644
--- a/pkg/server/healthz/healthz_test.go
+++ b/pkg/server/healthz/healthz_test.go
@@ -17,6 +17,7 @@ limitations under the License.
 package healthz
 
 import (
+	"context"
 	"errors"
 	"fmt"
 	"net/http"
@@ -311,3 +312,66 @@ type cacheSyncWaiterStub struct {
 func (s cacheSyncWaiterStub) WaitForCacheSync(_ <-chan struct{}) map[reflect.Type]bool {
 	return s.startedByInformerType
 }
+
+func TestInstallReadyzHandlerWithHealthyFunc(t *testing.T) {
+	mux := http.NewServeMux()
+	readyzCh := make(chan struct{})
+
+	hasBeenReadyCounter := 0
+	hasBeenReadyFn := func() {
+		hasBeenReadyCounter++
+	}
+	InstallReadyzHandlerWithHealthyFunc(mux, hasBeenReadyFn, readyOnChanClose{readyzCh})
+
+	// scenario 1: expect the check to fail since the channel hasn't been closed
+	req, err := http.NewRequest("GET", fmt.Sprintf("http://example.com%s", "/readyz"), nil)
+	if err != nil {
+		t.Errorf("%v", err)
+	}
+	rr := httptest.NewRecorder()
+	mux.ServeHTTP(rr, req)
+	if rr.Code != http.StatusInternalServerError {
+		t.Errorf("scenario 1: unexpected status code returned, expected %d, got %d", http.StatusInternalServerError, rr.Code)
+	}
+
+	// scenario 2: close the channel that will cause the readyz checker to report success,
+	//             verify that hasBeenReadyFn was called
+	close(readyzCh)
+	rr = httptest.NewRecorder()
+	req = req.Clone(context.TODO())
+	mux.ServeHTTP(rr, req)
+	if rr.Code != http.StatusOK {
+		t.Errorf("scenario 2: unexpected status code returned, expected %d, got %d", http.StatusOK, rr.Code)
+	}
+	if hasBeenReadyCounter != 1 {
+		t.Errorf("scenario 2: unexpected value of hasBeenReadyCounter, expected 1, got %d", hasBeenReadyCounter)
+	}
+
+	// scenario 3: checks if hasBeenReadyFn hasn't been called again.
+	rr = httptest.NewRecorder()
+	req = req.Clone(context.TODO())
+	mux.ServeHTTP(rr, req)
+	if rr.Code != http.StatusOK {
+		t.Errorf("scenario 3: unexpected status code returned, expected %d, got %d", http.StatusOK, rr.Code)
+	}
+	if hasBeenReadyCounter != 1 {
+		t.Errorf("scenario 3: unexpected value of hasBeenReadyCounter, expected 1, got %d", hasBeenReadyCounter)
+	}
+}
+
+type readyOnChanClose struct {
+	ch <-chan struct{}
+}
+
+func (readyOnChanClose) Name() string {
+	return "readyOnChanClose"
+}
+
+func (c readyOnChanClose) Check(_ *http.Request) error {
+	select {
+	case <-c.ch:
+		return nil
+	default:
+	}
+	return fmt.Errorf("the provided channel hasn't been closed")
+}
diff --git a/pkg/server/lifecycle_signals.go b/pkg/server/lifecycle_signals.go
index 2297a776e..fda4f0951 100644
--- a/pkg/server/lifecycle_signals.go
+++ b/pkg/server/lifecycle_signals.go
@@ -26,6 +26,7 @@ Events:
 - ShutdownInitiated: KILL signal received
 - AfterShutdownDelayDuration: shutdown delay duration has passed
 - InFlightRequestsDrained: all in flight request(s) have been drained
+- HasBeenReady is signaled when the readyz endpoint succeeds for the first time
 
 The following is a sequence of shutdown events that we expect to see during termination:
 T0: ShutdownInitiated: KILL signal received
@@ -95,6 +96,9 @@ type lifecycleSignals struct {
 	// HTTPServerStoppedListening termination event is signaled when the
 	// HTTP Server has stopped listening to the underlying socket.
 	HTTPServerStoppedListening lifecycleSignal
+
+	// HasBeenReady is signaled when the readyz endpoint succeeds for the first time.
+	HasBeenReady lifecycleSignal
 }
 
 // newLifecycleSignals returns an instance of lifecycleSignals interface to be used
@@ -105,6 +109,7 @@ func newLifecycleSignals() lifecycleSignals {
 		AfterShutdownDelayDuration: newNamedChannelWrapper("AfterShutdownDelayDuration"),
 		InFlightRequestsDrained:    newNamedChannelWrapper("InFlightRequestsDrained"),
 		HTTPServerStoppedListening: newNamedChannelWrapper("HTTPServerStoppedListening"),
+		HasBeenReady:               newNamedChannelWrapper("HasBeenReady"),
 	}
 }