Adopt resolutions for variable rate wastewater revenue bonds and refinancing agreements

Police & Community SafetyBudgetFinance

In Plain English

The city issues bonds to fund wastewater system improvements and operations. These resolutions authorize refinancing existing 2017 bonds at variable interest rates instead of fixed rates. If approved, the city can adjust rates based on market conditions, potentially reducing annual debt payments.

Auto-generated summary. Source: official agenda documents.

Votes

Adopt Resolution No. 71-17

Moved by: Councilmember MyrickSeconded by: Councilmember McLaughlin
Passed

6 to 0

Thomas K. ButtAye
Ben ChoiAye
Eduardo MartinezAye
Gayle McLaughlinAye
Jael MyrickAye
Melvin WillisAye
Jovanka BecklesAbsent

Adopt Resolution No. 72-17

Moved by: Councilmember MyrickSeconded by: Councilmember Choi
Passed

6 to 0

Thomas K. ButtAye
Ben ChoiAye
Eduardo MartinezAye
Gayle McLaughlinAye
Jael MyrickAye
Melvin WillisAye
Jovanka BecklesAbsent