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Title:
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Amend and Restate Subordinate Revolving Credit Agreement with Water and Electric Utility for $60,000,000 for cost of $475,000 for an additional three and half years - A Resolution of the City Council of the City of Riverside, California, authorizing certain actions related to the amendment and restatement of a subordinate line of credit for the water system and electric system - Waive further reading - Approve City’s Financing Team consisting of staff from Public Utilities Department, Finance Department, and City Attorney's Office with Financial Advisor, PFM Financial Advisors, LLC, existing Line of Credit Provider, US Bank, and Stradling, Yocca, Carlson, & Rauth to serve as Bond Counsel (All Wards)
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Indexes:
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CCT – Community Trust, CCT – Equity, CCT – Fiscal Responsibility, CCT – Innovation, CCT – Sustainability & Resiliency, SP 5 – High Performing Government, Strategic Goal 5.4, Ward - ALL, Ward 1, Ward 2, Ward 3, Ward 4, Ward 5, Ward 6, Ward 7
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Attachments:
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1. Report, 2. Resolution, 3. Agreement
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