City Council

3. Resolution Authorizing the City Manager to Execute a Surety Bond to Meet\nFinancial Security Requirements for Pico Rivera Innovative Municipal Energy\n(PRIME). (700)\nRecommendation:\n1. Approve a resolution authorizing the City Manager to execute a Surety Bond\nto meet the Financial Security Requirement (FSR) for Pico Rivera Innovative\nMunicipal Energy (PRIME) for a not-to-exceed amount of $125,000 over a\nfive-year (5-year) term, or $25,000 annually.\nResolution No. ______ A RESOLUTION OF THE CITY COUNCIL OF THE