City Council

40\nResolution of the City Council of the City of Riverside, California, authorizing the\nIssuance of Refunding Sewer Revenue Bonds of the City in an Aggregate Principal\nAmount Not-to-Exceed $165,000,000 and providing the Terms and Conditions of\nSuch Bonds - Waive further reading - Approve Financing Team consisting of\nFinance, City Attorney, Public Works, NHA Advisors, as Municipal Advisor, BofA\nSecurities, Inc., as Senior Underwriter and Cabrera Capital Markets as\nCo-Managing Underwriter, Stradling, Yocca, Carlson & Rauth LLP., as Bond and\nDisclosure Counsel, US Bank National Association as Escrow Agent & Trustee,\nStandard and Poor’s and Moody’s as Rating Agencies, and Carollo as Sewer Rate\nConsultant - Delegate to City’s Financing Team, at the time of Bond sale, the\ndetermination of specific maturities to be refunded - Upon closing of 2025A\nRefunding Sewer Revenue Bonds, authorize the Chief Financial Officer, or\ndesignee, to make necessary budget adjustments and/or appropriations to properly\nrecord refunding and financing expenses in accordance with governmental\naccounting standards - Supplemental appropriations - Five affirmative votes\nrequired (Finance) (All Wards) (10-minute presentation)