File #: 17-1064    Version: 1
Status: Agenda Ready
File created: 3/21/2017 In control: Board of Public Utilities
On agenda: 4/10/2017
Title: APPROVAL OF RESOLUTIONS AUTHORIZING LETTERS OF CREDIT RENEWAL OF 2008A ELECTRIC REVENUE BONDS OF $70,540,000 AND 2008C ELECTRIC REVENUE BONDS OF $41,975,000, REMARKETING OF 2011A ELECTRIC REVENUE BONDS FOR $41,925,000, AND APPROVAL OF FINANCING COSTS USING PUBLIC FINANCIAL MANAGEMENT, AS THE FINANCIAL ADVISOR FOR $22,500, STRADLING YOCCA CARLSON & RAUTH AS BOND AND DISCLOSURE COUNSEL FOR $40,000 FOR THE CITY, MCDERMOTT WILL & EMERY, LLP REPRESENTING BARCLAYS FOR THE LETTER OF CREDIT FACILITIES AND CHAPMAN AND CUTLER, LLP REPRESENTING WELLS FOR THE DIRECT PLACEMENT TRANSACTION FOR A TOTAL OF $37,000 FOR BOTH FIRMS That the Board of Public Utilities recommend that the City Council: 1. Adopt resolution authorizing the replacement of the 2008C letter of credit and the extension of the 2008A letter of credit under substantially similar terms for a period of four years, authorizing the execution of a remarketing agreement with Barclays for the 2008A Electric Revenue Bonds; and...
Attachments: 1. Report, 2. R - 2008A and 2008C, 3. R - 2011A, 4. Presentation, 5. Amendment Agreement - 2008A LOC Extension, 6. Remarketing Agreement - 2008A, 7. Supplement to Remarketing Memorandum - 2008A, 8. Reimbursement Agreement - 2008C, 9. Barclays Fee Letter - 2008C, 10. Amendment to Remarketing Agreement - 2008C, 11. Limited Reoffering Supplement No. 1 to Official Statement, 12. Second Amendment to Continuing Covenant Agreement