City Council

(18)\n22-0032-S1\nENERGY AND ENVIRONMENT and BUDGET AND FINANCE\nCOMMITTEES’ REPORT and RESOLUTIONS relative to amended\nand restated wastewater system revenue bonds general Resolutions.\nRecommendations for Council action:\n1. ADOPT the Amended and Restated Wastewater System\nRevenue Bonds General Resolution (the “A&R Senior\nResolution”)(Attachment A of the City Administrative Officer\n(CAO) report, dated September 9, 2025, attached to the Council\nfile), effectuating amendments to the original Wastewater\nSystem Revenue Bonds General Resolution to modernize\ncertain provisions to reflect current industry practices, enhance\nflexibility, and provide more favorable terms to the City, the form\nof which has been previously approved by the Council.\n2. ADOPT the Amended and Restated Wastewater System\nSubordinate Revenue Bonds General Resolution (the “A&R\nSubordinate Resolution,” and together with the A&R Senior\nResolution, the “A&R Resolutions”)(Attachment B of said CAO\nreport), effectuating amendments to the original Wastewater\nSystem Subordinate Revenue Bonds General Resolution to\nmodernize certain provisions to reflect current industry\npractices, enhance flexibility, and provide more favorable terms\nto the City, the form of which has been previously approved by\nthe Council.\n3. REQUEST the City Attorney to prepare and present an\nordinance or ordinances amending certain sections of the Los\nAngeles Administrative Code and the Los Angeles Municipal\nCode, to the extent necessary, to conform such Codes to the\nA&R Resolutions.\nFiscal Impact Statement: The CAO reports that there is no impact to\nthe General Fund from approval of the above recommendations as\nadoption of the A&R Resolutions is an administrative action.\nFinancial Policies Statement: The CAO reports that the above\nrecommendations comply with the City’s Financial Policies in that the\nA&R Resolutions are compliant with the City’s Debt Management\nPolicies.\nDebt Impact Statement: The CAO reports that there is no debt impact\nresulting from the approval of the above recommendations as\nadoption of the A&R Resolutions is an administrative action that is not\nrelated to the incurrence of additional debt.