City Council

27. 26-56099 Recommendation to approve resolution of the City Council of the City of Long Beach approving the implementation of a revolving credit facility lease financing with Wells Fargo Bank, National Association in an aggregate principal amount not to exceed $50,000,000, outstanding at any one time, for a maximum period of one year, and backed by the General Fund, to bridge finance various capital projects for the City of Long Beach, approving the forms and authorizing execution of related documents and approving related official actions. (Citywide) Office or Department: Financial Management Suggested Action: Approve recommendation.