26-0497
Joint item with Public Financing Authority - Adopt a Resolution of the City Council of the City of Riverside, California, authorizing the extension of the term of a Letter of Credit Supporting the Variable Rate Refunding Certificates of Participation (Riverside Renaissance Projects) Series 2008 and related documents and authorizing other matters relating thereto - Adopt a Resolution of the Board of Directors of the Riverside Public Financing Authority authorizing the extension of the term of a Letter of Credit Supporting the Variable Rate Refunding Certificates of Participation (Riverside Renaissance Projects) Series 2008 and related documents and authorizing other matters relating thereto - Waive further readings - Approve form of Seventh Amendment to Reimbursement Agreement and related Fee Letter and authorize supplement to Official Statement reflecting extended Letter of Credit Term - Approve financing team engagement and authorize associated expenditures for CSG Advisors Inc., as Municipal Advisor, Stradling Yocca Carlson & Rauth, as Bond Counsel, US Bank, as Bond Trustee and Nixon Peabody, Bank of America’s counsel for legal costs associated with transaction - Appropriate $23,000 to pay transaction costs associated with extension - Fund Transfer - Five affirmative votes required (All Wards)
- Committee
- City Council
- Requested by
- Finance
- Introduced
- January 23, 2026
- On agenda
- February 24, 2026