File #: 22-1060    Version: 1 Name:
Type: Time Certain Item Status: Agenda Ready
File created: 9/2/2022 In control: Board of Directors
On agenda: 11/8/2022 Final action:
Title: Adopt a Resolution Authorizing the Issuance of Not-To-Exceed $120 Million Safe Clean Water Program Refunding Revenue Bonds, Authorizing the Execution and Delivery of Not-To-Exceed $165 Million Interim Obligations and Revenue Certificates of Participation, Approving the Execution and Delivery of Certain Documents and Authorizing Certain Acts In Connection Therewith; and Adopt a Resolution Authorizing the Issuance of Not-To-Exceed $200 Million Water System Refunding Revenue Bonds, Authorizing the Execution and Delivery of Not-To-Exceed $408 Million Interim Obligations and Revenue Certificates of Participation, Approving the Execution and Delivery of Certain Documents and Authorizing Certain Acts In Connection Therewith.
Attachments: 1. Attachment 1: SCW Resolution, 2. Attachment 2: WU Resolution, 3. Attachment 3: PowerPoint, 4. Attachment 4: ESG Ratings, 5. Attachment 5: Direct Email Distribution List, 6. Attachment 6: SCW Preliminary Official Statement, 7. Attachment 7: WU Preliminary Official Statement, 8. Attachment 8: Notice of Sale, 9. Attachment 9: SCW Refunding Bonds Financing Documents, 10. Attachment 10: WU Refunding Bonds Financing Documents, 11. Attachment 11: SCW IO/COP Financing Documents, 12. Attachment 12: WU IO/COP Financing Documents, 13. Attachment 13: Debt Management Policy, 14. Attachment 14: Federal Securities Laws - Disclosure
BOARD AGENDA MEMORANDUM


SUBJECT:Title
Adopt a Resolution Authorizing the Issuance of Not-To-Exceed $120 Million Safe Clean Water Program Refunding Revenue Bonds, Authorizing the Execution and Delivery of Not-To-Exceed $165 Million Interim Obligations and Revenue Certificates of Participation, Approving the Execution and Delivery of Certain Documents and Authorizing Certain Acts In Connection Therewith; and Adopt a Resolution Authorizing the Issuance of Not-To-Exceed $200 Million Water System Refunding Revenue Bonds, Authorizing the Execution and Delivery of Not-To-Exceed $408 Million Interim Obligations and Revenue Certificates of Participation, Approving the Execution and Delivery of Certain Documents and Authorizing Certain Acts In Connection Therewith.


End
RECOMMENDATION:Recommendation
A. Adopt the Resolution AUTHORIZING THE ISSUANCE OF NOT-TO-EXCEED $120,000,000 SAFE CLEAN WATER PROGRAM REFUNDING REVENUE BONDS, AUTHORIZING THE EXECUTION AND DELIVERY OF NOT TO EXCEED $165,000,000 INTERIM OBLIGATIONS AND REVENUE CERTIFICATES OF PARTICIPATION, APPROVING THE EXECUTION AND DELIVERY OF CERTAIN DOCUMENTS AND AUTHORIZING CERTAIN ACTS IN CONNECTION THEREWITH;
B. Adopt the Resolution AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $200,000,000 WATER SYSTEM REFUNDING REVENUE BONDS, AUTHORIZING THE EXECUTION AND DELIVERY OF NOT TO EXCEED $408,000,000 INTERIM OBLIGATIONS AND REVENUE CERTIFICATES OF PARTICIPATION, APPROVING THE EXECUTION AND DELIVERY OF CERTAIN DOCUMENTS AND AUTHORIZING CERTAIN ACTS IN CONNECTION THEREWITH; and
C. Authorize and direct the Chief Executive Officer, Assistant Chief Executive Officer-Operations, Chief Financial Officer, Treasury and Debt Officer, District Counsel, and the Clerk of the Board of Directors and such other officers and staff of Valley Water, acting singly, to do any and all things, and to execute and deliver any and all documents, which such officers may deem necessary or advisable in order to consummate the sale and delivery of ...

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