https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4665064&GUID=27C39F10-31F5-435C-BF71-2A7D6FD7E3EELegistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4665064&GUID=27C39F10-31F5-435C-BF71-2A7D6FD7E3EE27C39F10-31F5-435C-BF71-2A7D6FD7E3EE-2025-06-09-06-23-51Title: AUTHORIZE the Chief Executive Officer to: A. REPLACE the direct purchase revolving credit facilities (“RCF”) and drawdown bond facility (“DBF”) with a Measure R Commercial Paper Program, finalize negotiations with the recommended banks and execute agreements and related documents: 1. REPLACE the RCFs currently being provided by Bank of the West (“BW”) of $50 million and State Street Public Lending Corporation (“State Street”) of $100 million with a Direct-pay Letter of Credit (“LOC”) to be provided by State Street Public Lending Corporation for a committed principal amount of $100 million for a two-year term at an estimated cost of $1.3 million including interest, legal fees and other related expenses. 2. REPLACE the DBF currently being provided by RBC Capital Markets, LLC (“RBC”) of $150 million with a LOC provided by Bank of America, N.A. (“BANA”) for a committed principal amount of $90 million for a two-year term at an estimated cost of $1.4 million including interest, legal fees and other related expenses. B. If unable to reach agreement with one or more of the recommendedMon, 09 Jun 2025 06:23:51 GMT