city of tacoma
File #: ORD28774    Version: 1 Name: ORD. - Power Purchase Agreement Note Wells Fargo
Type: Ordinance Status: Passed
File created: 7/6/2021 In control: City Council
On agenda: 8/3/2021 Final action: 8/3/2021
Title: An ordinance authorizing the issuance of an Electric System Subordinate Revenue Note, Series 2021, in the principal amount of not to exceed $150,000,000 to evidence a revolving line of credit to provide funds to finance and refinance capital improvements to the Electric System; authorizing the execution and delivery of a Note Purchase Agreement with Wells Fargo Bank, National Association in connection with the issuance of the 2021 Note; and delegating the authority to approve the final terms of the 2021 Note. [Bill Berry, Power Section Manager; Chris Robinson, Power Superintendent]
Attachments: 1. Ordinance No. 28774, 2. City Council Action Memorandum, 3. Board Action Memorandum, 4. Resolution No. U-11269

Title

An ordinance authorizing the issuance of an Electric System Subordinate
Revenue Note, Series 2021, in the principal amount of not to exceed
$150,000,000 to evidence a revolving line of credit to provide funds to
finance and refinance capital improvements to the Electric System; authorizing
the execution and delivery of a Note Purchase Agreement with Wells Fargo Bank,
National Association in connection with the issuance of the 2021 Note; and
delegating the authority to approve the final terms of the 2021 Note.

[Bill Berry, Power Section Manager; Chris Robinson, Power Superintendent]