Accept $31.7 million in bond proceeds for wastewater system improvements

Wastewater SystemBudgetWater Resource Recovery DepartmentAppropriation

$31,718,000

Resolution 112-17

In Plain English

The city issued bonds to raise money for wastewater infrastructure projects. Bank of New York Mellon Trust Company collected $31.7 million from investors who bought the bonds. If approved, the city receives this money to fund sewer repairs and upgrades throughout the community.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember Myrick (Successor Agency), Vice Mayor Beckles (City Council)Seconded by: Councilmember Willis (Successor Agency), Councilmember Myrick (City Council)
Passed

6 to 0

Thomas K. ButtAye
Ben ChoiAye
Jael MyrickAye
Ada RecinosAye
Melvin WillisAye
Jovanka BecklesAye

Community Discussion

This discussion was submitted to the City Clerk as part of the public record.

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