City Council

5. Adoption of a Resolution to Issue Electric Revenue Bonds Not to Exceed $120 Million for Electric System Capital Investments - Burbank Water and Power Department Recommendation: Adopt A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $120,000,000 PRINCIPAL AMOUNT OF ITS BURBANK WATER AND POWER ELECTRIC REVENUE BONDS, SERIES OF 2023; APPROVING AND AUTHORIZING THE IMPROVEMENTS TO BE FINANCED THEREBY; APPROVING THE ENGAGEMENT OF PROFESSIONAL SERVICES IN CONNECTION THEREWITH; APPROVING AND AUTHORIZING THE EXECUTION OF A SEVENTH SUPPLEMENTAL ELECTRIC REVENUE BOND INDENTURE; APPROVING THE FORM AND AUTHORIZING THE DISTRIBUTION OF AN OFFICIAL STATEMENT FOR USE IN CONNECTION WITH THE SALE OF SUCH BONDS; APPROVING THE FORMS OF AND AUTHORIZING CERTAIN DOCUMENTS IN CONNECTION THEREWITH; AND AUTHORIZING CERTAIN OTHER ACTIONS RELATING TO SUCH ISSUANCE. Staff Report Attachment 1 Attachment 2 Attachment 3 1/6/23, 1:02 PM City Council Meeting Attachment 4 Attachment 5 Attachment 6 Public Comment: To speak in person, a YELLOW Public Comment Card must be completed and presented to the City Clerk prior to the comment period. Council Action: