City Council

14. CONSIDERATION TO AUTHORIZE BARCLAYS CAPITAL INC. , TO PROVIDE UNDERWRITING SERVICES IN CONNECTION WITH THE REFUNDING OF THE CITY’S OUTSTANDING 2016 WATER REVENUE BONDS Recommendation It is recommended that the City Council: 1. Authorize Barclays Capital Inc. to provide underwriting services in connection with a potential refunding of the City's outstanding 2016 Water Revenue Bonds, for a contingent fee of $67,390 payable solely from bond proceeds upon the successful closing of a refunding transaction; and 2. Authorize the City Manager to execute any documents related to their engagement and fees in a form and manner approved by the City Attorney.