An ordinance authorizing the issuance of an Electric System Subordinate Revenue Note, Series 2021, in the principal amount of not to exceed $150,000,000 to evidence a revolving line of credit to provide funds to finance and refinance capital improvements to the Electric System; authorizing the execution and delivery of a Note Purchase Agreement with Wells Fargo Bank, National Association in connection with the issuance of the 2021 Note; and delegating the authority to approve the final terms of the 2021 Note. [Bill Berry, Power Section Manager; Chris Robinson, Power Superintendent]

Committee

City Council

Requested by

Tacoma Power

Introduced

July 6, 2021

On agenda

August 3, 2021

Passed

August 3, 2021