Long Beach

Utilities Commission

1. 26-55918 Recommendation to adopt Resolution No. UT-1567, authorizing the issuance and/or incurrence of City of Long Beach, California Senior Gas Revenue Short Term Obligations from time in the form of a Revolving Line of Credit with Wells Fargo Bank N.A. in an aggregate principal amount not to exceed $60,000,000 outstanding at any one time; approving a master senior indenture, a first supplemental senior indenture, a credit agreement, a fee agreement, and certain related documents; and authorizing the general manager to execute all related documents. Suggested Action: Approve recommendation.