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Title:
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ESCROW AGREEMENT WITH U.S. BANK NATIONAL ASSOCIATION AS FISCAL AGENT FOR THE ELECTRIC REVENUE BONDS, ISSUE OF 2008D, FOR THE PURPOSE OF THE PREVIOUSLY APPROVED DEFEASANCE OF UP TO $11,244,000 OF OUTSTANDING ELECTRIC REVENUE BONDS, ISSUE OF 2008D, RELATED TO BOND PROCEEDS THAT FUNDED PART OF SAN ONOFRE NUCLEAR GENERATING STATION CAPITAL COSTS
That the Board of Public Utilities recommend that the City Council:
1. Approve the Escrow Agreement with U.S. Bank National Association as Escrow Agent and as 2008D Fiscal Agent in order to defease a portion of outstanding Electric Revenue Bonds, Issue of 2008D, and authorize the City Manager, or his designee, to execute that agreement and make any minor, non-substantive changes;
2. Authorize the City Manager, or his delegate, to transfer up to $11,244,000 to the Escrow Agent, U.S. Bank National Association, for deposit into the Escrow Fund to defease a portion of outstanding Electric Revenue Bonds, Issue of 2008D; and
3. Authorize ...
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