City Council

2. PUBLIC HEARING - CONSIDERATION OF ADOPTION OF A RESOLUTION TO AUTHORIZE\nOPEN MARKET BOND REPURCHASE OF A PORTION OF THE CITY OF AZUSA’S\nOUTSTANDING TAXABLE PENSION OBLIGATION BONDS, SERIES 2020 AND PUBLIC\nHEARING AMENDING THE FISCAL YEAR 2023-24 GENERAL FUND BUDGET BY $4,000,000.\nRECOMMENDED ACTION:\n1) Adopt Resolution No. 2023-C58, Authorizing Open Market Bond Repurchase of a Portion of its\nOutstanding Taxable Pension Obligation Bonds, Series 2020; and\n2) Conduct the Public Hearing and receive testimony; and\n3) Adopt Resolution No. 2023-C59, Amending the Fiscal Year 2023/24 General Fund Budget By\n$4,000,000.\nTotal Cost: $4,000,000 Is the Cost of this item budgeted? No\nFund/Account No: General Fund/ 10-90-000-000-7005