City Council

16 Amend and extend existing revolving credit agreement with Water Utility for $25\nmillion and Electric Utility for $35 million, for additional three years and three months\nfor estimated cost of $413,500 from Public Utilities - Water Fund and Electric Fund\nDebt Related Fiscal Charges Account - A Resolution of the City Council of the City\nof Riverside, California, authorizing certain actions related to the extension of a\nsubordinate Line of Credit for the Water System and Electric System with U.S.\nBank National Association - Waive further reading - Approve City’s Financing Team\nas follows: City Representatives as Riverside Public Utilities Management, Finance\nStaff, City Attorney, and Finance Department, and External Parties as Stradling,\nYocca, Carlson and Rauth as Bond Counsel, PFM Financial Advisors, LLC., as\nMunicipal Advisor and U.S. Bank National Association, as Underwriting Bank\n(Finance) (All Wards) (10-minute presentation)\nAttachments: Report\nResolution\nAmended and Restated Revolving Credit Agreement\nPresentation\nNotice\n4:45 P.M.\nPRESENTATION