Execute swap agreement for existing wastewater bonds

Wastewater BondsContractsContract

Resolution Resolution No. 82-09

In Plain English

The city has outstanding bonds that funded wastewater infrastructure projects. A swap agreement changes the interest rate terms on these bonds, typically converting variable rates to fixed rates or vice versa. If approved, this could change the city's annual debt payments and overall borrowing costs.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

7 to 0

BBLMRRV