Issue $45 million in wastewater revenue bonds for system improvements and refinancing
In Plain English
The city plans to sell bonds to fund wastewater system upgrades and replace existing debt with lower interest rates. Revenue bonds use sewer fees, not taxes, to pay back investors. If approved, the city can borrow money for infrastructure repairs and potentially reduce annual debt payments.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 38-19
6 to 0
Related Items
Receive monthly financial reports for January 2026
Mar 17, 2026
Approve 3 human resources contracts totaling $269,100
Mar 17, 2026
Review mid-year budget performance and approve spending adjustments
Mar 17, 2026
Accept $10,000 Carnegie Corporation gift for library history room and museum
Mar 17, 2026
Accept $137,058 state grant for adult literacy and English language programs
Mar 3, 2026
Appropriate $8.2 million in leftover funds from last year's budget
Mar 3, 2026
Update authorized signers for Local Agency Investment Fund accounts
Mar 3, 2026
Approve 3-year contract for irrigation supplies up to $150,000
Mar 3, 2026
Receive annual financial audit report for fiscal year 2025
Mar 3, 2026
Receive monthly financial report for rent control program through January 2026
Feb 18, 2026