City Council

20. 23-0431 Recommendation to adopt resolution approving an extension of the\ncurrent Revolving Line of Credit with JP Morgan Chase Bank, N.A. by\nthe Board of Utilities Commissioners (successor to the Board of Water\nCommissioners), on behalf of the City of Long Beach (City), for an\nadditional one-year term and authorize the execution of all necessary\ndocuments and amendments in connection therewith before the\nexisting Credit Agreement expires on May 21, 2023. (Citywide)\nOffice or Department: FINANCIAL MANAGEMENT; UTILITIES\nSuggested Action: Approve recommendation.