15.3 23-0581 ADOPT A RESOLUTION AUTHORIZING THE CITY MANAGER AND CHIEF FINANCIAL OFFICER, ACTING ALONE, TO PURCHASE BONDS IN THE OPEN MARKET ISSUED BY THE STOCKTON PUBLIC FINANCING AUTHORITY, WATER REVENUE REFUNDING BONDS, SERIES 2019A (FEDERALLY TAXABLE); TAKE ALL STEPS NECESSARY TO DOCUMENT THE PURCHASE AND TO CANCEL THE PURCHASED BONDS; AND APPROVE A BUDGET AMENDMENT IN THE AMOUNT OF UP TO $14.0 MILLION TO COMPLETE THE PURCHASE IN THE EVENT OTHER OWNERS WISH TO PARTICIPATE - City of Stockton, CA

Meeting: City Council/Successor Agency to the Redevelopment Agency/Public Financing Authority/Parking Authority Concurrent

Meeting Time: August 22, 2023 at 3:58pm PDT

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Agenda Item

15.3 23-0581 ADOPT A RESOLUTION AUTHORIZING THE CITY MANAGER AND CHIEF FINANCIAL OFFICER, ACTING ALONE, TO PURCHASE BONDS IN THE OPEN MARKET ISSUED BY THE STOCKTON PUBLIC FINANCING AUTHORITY, WATER REVENUE REFUNDING BONDS, SERIES 2019A (FEDERALLY TAXABLE); TAKE ALL STEPS NECESSARY TO DOCUMENT THE PURCHASE AND TO CANCEL THE PURCHASED BONDS; AND APPROVE A BUDGET AMENDMENT IN THE AMOUNT OF UP TO $14.0 MILLION TO COMPLETE THE PURCHASE IN THE EVENT OTHER OWNERS WISH TO PARTICIPATE