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Title:
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Amend and extend existing revolving credit agreement with Water Utility for $25 million and Electric Utility for $35 million, for additional three years and three months for estimated cost of $413,500 from Public Utilities - Water Fund and Electric Fund Debt Related Fiscal Charges Account - A Resolution of the City Council of the City of Riverside, California, authorizing certain actions related to the extension of a subordinate Line of Credit for the Water System and Electric System with U.S. Bank National Association - Waive further reading - Approve City’s Financing Team as follows: City Representatives as Riverside Public Utilities Management, Finance Staff, City Attorney, and Finance Department, and External Parties as Stradling, Yocca, Carlson and Rauth as Bond Counsel, PFM Financial Advisors, LLC., as Municipal Advisor and U.S. Bank National Association, as Underwriting Bank (Finance) (All Wards) (10-minute presentation)
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