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File #: 20-322BPU    Version: 1 Name: Wastewater Bond Sale
Type: BPU- Report Status: Agenda Ready
File created: 10/5/2020 In control: Board of Public Utilities
On agenda: 10/15/2020 Final action:
Title: REPORT - RECOMMENDATION TO AUTHORIZE ISSUANCE OF WASTEWATER REVENUE BONDS, SERIES 2020A AND WASTEWATER REVENUE REFUNDING BONDS, SERIES 2020B (FEDERALLY TAXABLE) BACKGROUND: The Water Department proposes to upgrade its ultraviolet (UV) disinfection system at the Laguna Wastewater Treatment Plant along with other capital improvements (UV Disinfection and Diversion Project) and recommends the issuance of wastewater revenue bonds to raise funds for the UV Disinfection and Diversion Project. Additionally, the City previously issued its City of Santa Rosa Wastewater Revenue Bonds, Series 2012A (the “2012A Bonds”) for the purpose of financing certain improvements to the City’s wastewater system. Staff has determined that the remaining outstanding 2012 Bonds can be refunded and generate savings for the benefit of the ratepayers and therefore staff is also recommending that the 2012A Bonds be refinanced at this time. RECOMMENDATION: It is recommended by the Finance Department and the Water D...
Sponsors: Board of Public Utilities
Indexes: Exempt Project
Attachments: 1. Staff Report, 2. Attachment 1_Preliminary Official Statement, 3. Attachment 2_21st Supplemental Indenture of Trust, 4. Attachment 3_Draft Escrow Agreement, 5. Attachment 4_Bond Purchase Agreement, 6. Resolution No. 1239, 7. Presentation