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2016-0036
| 8. | Budget | RECEIVE AND FILE the FY17 Budget Planning Parameters. | | |
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2015-1761
| 9. | Resolution | 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 relate | | |
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2016-0114
| 10. | Informational Report | RECEIVE AND FILE status report on FY17 Preliminary Capital Budget. | | |
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