Council File: 08-0951Subscribe via emailPrint this record

Title
Wastewater System Subordinate Revenue Bonds
Subject
Motion - That the Council, authorize the City Administrative Officer, with assistance of the City Attorney, to proceed to develop and submit to the Council documents necessary for the City to issue bonds not to exceed $604 million to refund the 2001 and 2006 Variable-Rate Wastewater bonds, to be enhanced by letter of credit through ScotiaBank and Bank of America, etc.
Date Received / Introduced
04/16/2008
Last Changed Date
10/23/2018
Expiration Date
10/16/2020
Reference Numbers
City Attorney Reports R08-0467; R10-0201
City Administrative Officer Reports: 0220-02221-8628; 0220-02221-8639; 0220-0221-0628; 0220-05291-0461
Refer to Council Files: 08-0951-S1; 08-0951-S2
City Contracts C-120079; C-120644
Mover
BERNARD PARKS
Second
JOSE HUIZAR
Mover/Seconder Comment
Motion (Fuentes - Blumenfield) - 12/09/2015
File Activities
Date Activity  
10/23/2018 Council action final.
10/23/2018 Mayor transmitted Council File to City Clerk.
10/17/2018 City Clerk transmitted file to Mayor. Last day for Mayor to act is October 29, 2018.
10/16/2018 Council adopted item, subject to reconsideration, pursuant to Council Rule 51. Click to view online docs
10/12/2018 City Clerk scheduled item for Council on October 16, 2018 . Click to view online docs
10/02/2018 Energy, Climate Change, and Environmental Justice Committee approved item(s) . Click to view online docs
09/28/2018 Energy, Climate Change, and Environmental Justice Committee scheduled item for committee meeting on October 2, 2018. Click to view online docs
09/25/2018 City Administrative Officer document(s) referred to Energy, Climate Change, and Environmental Justice Committee. Click to view online docs
09/25/2018 Document(s) submitted by City Administrative Officer, as follows:

City Administrative Officer report 0220-05291-0461, dated September 25, 2018, relative to extensions and replacement of the credit facilities for the Wastewater System Debt Program.
Click to view online docs
12/15/2015 Council action final. Click to view online docs
12/11/2015 Council adopted item, subject to reconsideration, pursuant to Council Rule 51. Click to view online docs
12/09/2015 City Clerk scheduled item for Council on December 11, 2015 . Click to view online docs
12/09/2015 Energy and Environment Committee waived consideration of item . Click to view online docs
12/09/2015 Motion referred to Energy and Environment Committee. Click to view online docs
12/02/2015 Council action final. Click to view online docs
12/01/2015 Mayor transmitted Council File to City Clerk.
11/30/2015 City Clerk transmitted file to Mayor. Last day for Mayor to act is December 10, 2015.
11/25/2015 Council adopted item forthwith. Click to view online docs
11/19/2015 City Clerk scheduled item for Council on November 25, 2015 . Click to view online docs
11/18/2015 Energy and Environment Committee approved item(s) . Click to view online docs
11/13/2015 Energy and Environment Committee scheduled item for committee meeting on November 18, 2015. Click to view online docs
11/12/2015 City Administrative Officer document(s) referred to Energy and Environment Committee. Click to view online docs
11/10/2015 Document(s) submitted by City Administrative Officer, as follows:

City Administrative Officer report 0220-02221-8628, dated November 10, 2015, relative to the extensions and replacement of Wastewater System Debt Program credit facilities.
Click to view online docs
10/28/2010 Council action final. Click to view online docs
10/22/2010 Mayor transmitted file to City Clerk. Ordinance effective date: October 29, 2010. Click to view online docs
10/19/2010 City Clerk transmitted file to Mayor. Last day for Mayor to act is October 29, 2010. FORTHWITH
10/19/2010 Council adopted item forthwith. Click to view online docs
10/08/2010 City Clerk scheduled item for Council on October 19, 2010 . Click to view online docs
10/07/2010 Energy and Environment Committee waived consideration of item . Click to view online docs
08/06/2010 Document(s) submitted by City Administrative Officer, as follows:

City Administrative Officer report 0220-02221-8665, dated August 6, 2010, relative to the selection of underwriters for issuance of Los Angeles Wastewater System Revenue Bonds, Series 2010.
07/09/2010 City Attorney document(s) referred to Energy and Environment Committee. Click to view online docs
07/08/2010 Document(s) submitted by City Attorney, as follows:

City Attorney report R10-0201, dated July 8, 2010, relative to a draft ordinance which provides for the issuance of Commercial Paper Notes for the Wastewater System and amends Section 5.168.1 of the Los Angeles Administrative Code.
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07/08/2010 Council action final. Click to view online docs
06/28/2010 Mayor concurred with Council Action on June 25, 2010. Click to view online docs
06/25/2010 City Clerk transmitted file to Mayor. Last day for Mayor to act is July 6, 2010.
06/25/2010 Council adopted item, as amended, forthwith. Click to view online docs
06/25/2010 City Clerk scheduled item for Council on June 25, 2010 . Click to view online docs
06/24/2010 Energy and Environment Committee submits report to Council without recommendation . Click to view online docs
06/23/2010 City Administrative Officer document(s) referred to Energy and Environment Committee. Click to view online docs
06/23/2010 Document(s) submitted by City Administrative Officer, as follows:

City Administrative Officer report 0220-02221-8639, dated June 22, 2010, relative to the authority to extend/substitute agreements with banks providing credit facilities for the Wastewater System Commercial Paper program and Wastewater System Variable Rate Refunding Bonds Series 2008.
Click to view online docs
06/23/2010 Energy and Environment Committee scheduled item for committee meeting on June 24, 2010. Click to view online docs
06/21/2010 City Clerk scheduled item for Council on June 25, 2010 . Click to view online docs
06/16/2010 Energy and Environment Committee continued item to/for a date to be determined. Click to view online docs
06/11/2010 Energy and Environment Committee scheduled item for committee meeting on June 16, 2010. Click to view online docs
06/10/2010 City Administrative Officer document(s) referred to Energy and Environment Committee. Click to view online docs
06/10/2010 Document(s) submitted by City Administrative Officer, as follows:

City Administrative Officer report 0220-02221-8628, dated June 9, 2010, relative to the substitution and extension of the Wastewater System Debt Program credit facilities.
Click to view online docs
File History
4-16-08 - This day's Council session
4-16-08 - Ref to Budget and Finance Committee
4-16-08 - File to Budget and Finance Committee Clerk
4-21-08 - For ref - Communication from the City Administrative Officer 0220-02221-8175, dated April 18, 2008, relative to the authority to issue up to $450 million in Los Angeles Wastewater (LAWW) System Subordinate Revenue Bonds that will be used to refund approximately $604.8 million in bonds.
4-21-08 - Ref to Budget and Finance Committee - to Committee Clerk
4-25-08 - Council Action - Motion ADOPTED to APPROVE Budget and Finance Committee report recommendation - Resolutions ADOPTED
5-1-08 - File to Budget and Finance Committee Clerk OK
5-2-08 - File in files
5-21-08 - For ref - Communication from the City Administrative Officer 0220-02221-8175, dated May 21, 2008, relative to additional actions required for the issuance of Los Angeles Wastewater System Subordinate Revenue Bonds, Variable Rate Refunding Series 2006 A, B1, B2, C, D and Series 2008 A, B, C, D, E, F1, F2, G, H; and consolidation of Debt Service Reserve Funds into one Debt Service Reserve Fund.
5-21-08 - For ref - Communication from the City Attorney R08-0141, dated May 14, 2008, relative to an ordinance providing for combining the Debt Service Funds into one Debt Service Reserve Fund for the Wastewater System Senior Lien Bonds by amending Section 5.168.1(b) of the Los Angeles Administrative Code.
5-21-08 - For ref - Communication from the City Attorney R08-0151, dated May 21, 2008, relative to an ordinance providing for the issuance of refunding bonds for the Wastewater System and amending Section 5.168.1 of the Los Angeles Administrative Code to add related special funds.
5-22-08 - Ref to Ad Hoc on Public Debt, Bonds and Financing Committee (CAO report)
5-22-08 - File to Ad Hoc on Public Debt, Bonds and Financing Committee Clerk
5-23-08 - Ref to Ad Hoc on Public Debt, Bonds and Financing Committee (City Attorney reports) - to Committee Clerk
6-4-08 - Technical Corrections to Ordinance from City Attorney, relative to Wastewater System Subordinate Revenue Bonds.
7-11-08 - Council Action - Motion ADOPTED to approve Ad Hoc on Public Debt, Bonds and Financing Committee communication recommendation - Ordinance ADOPTED
7-16-08 - File to Mayor for signature
7-23-08 - File to Council and Legislative Processing Clerk
7-28-08 - File to Ad Hoc on Public Debt, Bonds and Financing Committee Clerk OK
7-28-08 - File in files
Council Action 12/15/2015
Motion 12/09/2015
Motion 12/09/2015
Motion 12/09/2015
Motion 12/09/2015
Council Action 10/19/2010
Council Action 06/25/2010
Mayor Concurrence 06/28/2010
Amending Motion 19A 06/25/2010
Verbal Motion 06/25/2010

Scroll Vote Left Council Vote Information (7 Votes) Scroll Vote Right

Meeting Date: 10/16/2018
Meeting Type: Regular
Vote Action: Adopted
Vote Given: (10 - 0 - 5)
Member Name CD Vote
BOB BLUMENFIELD 3 YES
MIKE BONIN 11 ABSENT
JOE BUSCAINO 15 ABSENT
GILBERT A. CEDILLO 1 YES
MITCHELL ENGLANDER 12 ABSENT
MARQUEECE HARRIS-DAWSON 8 YES
JOSE HUIZAR 14 YES
PAUL KORETZ 5 YES
PAUL KREKORIAN 2 ABSENT
NURY MARTINEZ 6 YES
MITCH O'FARRELL 13 YES
CURREN D. PRICE 9 ABSENT
MONICA RODRIGUEZ 7 YES
DAVID RYU 4 YES
HERB WESSON 10 YES