Authorize Finance Director to set interest rates on wastewater bonds

Wastewater BondsBudget<UNKNOWN>

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Resolution Resolution No. 113-08

In Plain English

The city has existing bonds that fund wastewater system improvements. The Finance Director needs formal authority to choose how interest rates work on these bonds and modify related financial agreements. If approved, the city can potentially reduce borrowing costs for wastewater projects.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember ViramontesSeconded by: Vice Mayor Marquez
Passed

8 to 0

BatesAye
ButtAye
Gayle McLaughlinAye
ThurmondAye
RogersAye
ViramontesAye
MarquezAye
SandhuAye