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Title:
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RIVERSIDE PUBLIC UTILITIES PARTICPATION IN THE 2016 CITY LEASE PURCHASE BOND ISSUANCE FOR THE PURCHASE OF WATER HEAVY VEHICLES AND EQUIPMENT IN AN ESTIMATED AMOUNT OF $2,300,000
That the Board of Public Utilities:
1. Approve Riverside Public Utilities’ (RPU) participation in the 2016 City Lease Purchase Bond Issuance for the purchase of Water Heavy Vehicles and Equipment in an estimated amount of $2,300,000;
2. Authorize the City Manager, or his designee, to execute the necessary documents; and
3. Direct staff to provide a report to the Board with the final associated costs of issuance for the Water Utility’s share of the Lease Purchase Bonds after approval by the City Council.
(presentation by Laura Chavez-Nomura – 5 min)
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Attachments:
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1. Report, 2. Presentation
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