https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2575215&GUID=8D9F11F6-DD8A-4387-B607-643F3F0238FALegistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2575215&GUID=8D9F11F6-DD8A-4387-B607-643F3F0238FA8D9F11F6-DD8A-4387-B607-643F3F0238FA-2026-05-26-06-30-31Title: CONSIDER: A. AUTHORIZING the Chief Executive Officer to renew and/or replace the direct-pay letters of credit (“LOC”) and direct purchase revolving credit facility (“RCF”) for the Proposition A and Proposition C commercial paper/short-term borrowing programs to be provided by the banks described below and finalize negotiations with the recommended banks and enter into reimbursement/credit agreements and related documents associated with such LOCs and RCF: 1. RENEWING AND INCREASING the stated amount of the LOC currently provided by Sumitomo Mitsui Banking Corporation, acting through its New York Branch (“Sumitomo”) for a LOC commitment amount of $125 million for a three-year term for the Proposition A commercial paper program at an estimated cost of $2.706 million including legal fees and other related expenses; 2. RENEWING the LOC currently provided by MUFG Union Bank, N.A. (“Union Bank”) for a LOC commitment amount of $75 million for a three year term for the Proposition A commercial paper program at an estimated cost of $1.714 million including legal fees and other relateTue, 26 May 2026 06:30:31 GMT