25-2599
Resolution of the City Council of the City of Riverside, California, authorizing the Issuance of Refunding Sewer Revenue Bonds of the City in an Aggregate Principal Amount Not-to-Exceed $165,000,000 and providing the Terms and Conditions of Such Bonds - Waive further reading - Approve Financing Team consisting of Finance, City Attorney, Public Works, NHA Advisors, as Municipal Advisor, BofA Securities, Inc., as Senior Underwriter and Cabrera Capital Markets as Co-Managing Underwriter, Stradling, Yocca, Carlson & Rauth LLP., as Bond and Disclosure Counsel, US Bank National Association as Escrow Agent & Trustee, Standard and Poor’s and Moody’s as Rating Agencies, and Carollo as Sewer Rate Consultant - Delegate to City’s Financing Team, at the time of Bond sale, the determination of specific maturities to be refunded - Upon closing of 2025A Refunding Sewer Revenue Bonds, authorize the Chief Financial Officer, or designee, to make necessary budget adjustments and/or appropriations to properly record refunding and financing expenses in accordance with governmental accounting standards - Supplemental appropriations - Five affirmative votes required (Finance) (All Wards) (10-minute presentation)
- Committee
- City Council
- Requested by
- City Clerk
- Introduced
- July 18, 2025
- On agenda
- August 5, 2025
Where it was heard
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