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Title:
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Finance Committee recommends a Resolution of the City Council of the City of Riverside, California authorizing the issuance of City of Riverside Taxable Pension Obligation Refunding Bonds, 2017 Series A, for not-to-exceed $34,500,000 and up to 5.5% interest rate with debt payments paid from Measure Z and other funds, approving the forms of and authorizing the execution and delivery of a Eleventh Supplemental Trust Agreement, an Escrow Agreement, an Official Statement, and a Bond Purchase Agreement, and authorizing other matters relating thereto to pay maturing Pension Obligation Notes previously issued to refund obligations to California Public Employees' Retirement System - Waive further reading - Direct staff on preferred refinancing options - Approve financing team with Stifel, Nicolaus and Company, Inc., as underwriting bank, Stradling Yocca Carlson & Rauth as bond counsel, Jones Hall as disclosure counsel, and Urban Futures, Inc., as financial advisor (Finance) (All Wards)
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