https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3104419&GUID=A8E6CB50-F7D7-483A-B1C5-5846484C7CC5Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3104419&GUID=A8E6CB50-F7D7-483A-B1C5-5846484C7CC5A8E6CB50-F7D7-483A-B1C5-5846484C7CC5-2025-06-09-06-23-20Title: CONSIDER: A. AUTHORIZING the Chief Executive Officer to award the direct-pay letter of credit (“LOC”) to be provided by Citibank, N.A. (“Citi”) for a commitment amount of $150 million for a three-year term for the Proposition A Commercial Paper program at an estimated cost of $4.313 million and enter into a reimbursement agreement and related documents associated with such LOC. B. If unable to reach agreement with the recommended bank described above, authorize the Chief Executive Officer to finalize negotiations with each successively ranked bank for an LOC having a three-year term and the estimated costs shown in Attachment A. C. ADOPTING a resolution with respect to the Proposition A Commercial Paper program that approves the selection of Citi or such other banks selected by the Chief Executive Officer for the Proposition A commercial paper program, and the form of the reimbursement agreement, fee agreement and reimbursement note in substantially similar form with those on file with the Board Secretary and that makes certain benefits findings in compliance with the GovernMon, 09 Jun 2025 06:23:20 GMT