City Council

5. Adoption of a Resolution to Issue Electric Revenue Bonds Not to Exceed $120\nMillion for Electric System Capital Investments - Burbank Water and Power\nDepartment\nRecommendation:\nAdopt A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK\nAUTHORIZING THE ISSUANCE OF NOT TO EXCEED $120,000,000\nPRINCIPAL AMOUNT OF ITS BURBANK WATER AND POWER ELECTRIC\nREVENUE BONDS, SERIES OF 2023; APPROVING AND AUTHORIZING THE\nIMPROVEMENTS TO BE FINANCED THEREBY; APPROVING THE\nENGAGEMENT OF PROFESSIONAL SERVICES IN CONNECTION\nTHEREWITH; APPROVING AND AUTHORIZING THE EXECUTION OF A\nSEVENTH SUPPLEMENTAL ELECTRIC REVENUE BOND INDENTURE;\nAPPROVING THE FORM AND AUTHORIZING THE DISTRIBUTION OF AN\nOFFICIAL STATEMENT FOR USE IN CONNECTION WITH THE SALE OF\nSUCH BONDS; APPROVING THE FORMS OF AND AUTHORIZING CERTAIN\nDOCUMENTS IN CONNECTION THEREWITH; AND AUTHORIZING CERTAIN\nOTHER ACTIONS RELATING TO SUCH ISSUANCE.\nStaff Report\nAttachment 1\nAttachment 2\nAttachment 3\n1/6/23, 1:02 PM City Council Meeting\nAttachment 4\nAttachment 5\nAttachment 6\nPublic Comment: To speak in person, a YELLOW Public Comment Card\nmust be completed and presented to the City Clerk prior to the comment\nperiod.\nCouncil Action: