City Council

12. RESOLUTIONS AUTHORIZING THE ISSUANCE AND SALE OF WATER\nREVENUE BONDS TO FINANCE IMPROVEMENTS TO THE CITY OF\nTUSTIN’S MUNICIPAL WATER ENTERPRISE AND APPROVING\nRELATED DOCUMENTS AND OFFICIAL ACTIONS; AND A\nRESOLUTION APPROVING THE FORM AND AUTHORIZING THE\nEXECUTION OF FIRST AMENDMENTS TO THE INDENTURE OF\nTRUSTS DATED AS OF SEPTEMBER 1, 2016 AND FEBRUARY 1, 2020\nApproval by the City of Tustin ("City") and by the Tustin Public Financing\nAuthority ("Authority") are requested to authorize the issuance of the\nTustin Public Financing Authority, Water Revenue Bonds, Series 2024\n(Subordinate Lien) (the "2024 Bonds"). Approval by the City is requested\nto amend the Indenture of Trusts, dated as of September 1, 2016, and\nFebruary 1, 2020, by and between the City and the Bank of New York\nMellon Trust Company, N.A.\nRecommendation: It is recommended that: 1. The City Council adopt City\nCouncil Resolution 24-07 entitled: RESOLUTION APPROVING\nPROCEEDINGS BY THE TUSTIN PUBLIC FINANCING AUTHORITY\nFOR THE ISSUANCE AND SALE OF ITS TUSTIN PUBLIC FINANCING\nAUTHORITY (ORANGE COUNTY, CALIFORNIA) WATER REVENUE\nBONDS TO FINANCE IMPROVEMENTS TO THE CITY'S MUNICIPAL\nWATER SYSTEM APPROVING THE FORM AND AUTHORIZING\nEXECUTION OF RELATED DOCUMENTS AND APPROVING RELATED\nOFFICIAL ACTIONS 2. The Board of Directors adopt Resolution 24-01\nentitled: RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF\nWATER REVENUE BONDS TO FINANCE IMPROVEMENTS TO THE\nCITY OF TUSTIN'S MUNICIPAL WATER ENTERPRISE AND\nAPPROVING RELATED DOCUMENTS AND OFFICIAL ACTIONS 3. The\nCity Council adopt City Council resolution 24-08 entitled: RESOLUTION\nAPPROVING THE FORM AND AUTHORIZING THE EXECUTION OF A\nFIRST AMENDMENT TO THE INDENTURE OF TRUST, DATED AS OF\nSEPTEMBER 1, 2016, BY AND BETWEEN THE CITY AND THE BANK\nOF NEW YORK MELLON TRUST COMPANY, N.A., RELATING TO THE\n$21,515,000 CITY OF TUSTIN (ORANGE COUNTY, CALIFORNIA) 2016\nWATER REFUNDING REVENUE BONDS, AND A FIRST AMENDMENT\nTO THE INDENTURE OF TRUST, DATED AS OF FEBRUARY 1, 2020,\nBY AND BETWEEN THE CITY AND THE BANK OF NEW YORK\nMELLON TRUST COMPANY, N.A., RELATING TO THE $14,910,000\nCITY OF TUSTIN (ORANGE COUNTY, CALIFORNIA) TAXABLE WATER\nREFUNDING REVENUE BONDS, SERIES 2020