City Council

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