City Council

2-A. RESOLUTION REGARDING THE EXECUTION AND DELIVERY OF AN INSTALLMENT\nPURCHASE AGREEMENT FOR WATER REVENUE BONDS\nIt is recommended that the City Council consider:\n(1) Adopting Resolution No. _____ of the City Council of the City of Monterey Park approving\nthe execution and delivery of an Installment Purchase Agreement for the purpose of\ncausing the issuance of not to exceed $22,000,000 aggregate principal amount of Water\nRevenue Bonds, Series 2024, and approving the execution and delivery of certain\ndocuments in connection therewith and certain other matters; and\n(2) Taking such additional, related, action that may be desirable.\nIt is recommended that the Monterey Park Financing Authority Board of Directors consider:\n(3) Adopting Resolution No. MPFA-____ of the Board of Directors of the Monterey Park\nFinancing Authority approving the sale of its Water Revenue Bonds, Series 2024, in an\naggregate principal amount not to exceed $22,000,000 and approving the execution and\ndelivery of certain documents in connection therewith and certain other matters; and\n(4) Taking such additional, related, action that may be desirable.