HomeMy WebLinkAbout2026-08-18 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Regular Meeting
August 18, 2026
The Finance Committee of the City of Palo Alto met on this date in the Community Meeting Room
and by virtual teleconference at 4:02 PM.
Present In-Person: Lauing (Chair), Lu
Absent: Burt
Call to Order
In-Person Public Comment
Agenda Items
1. Refinancing of the 2009A Water Revenue Bonds, Series A; Recommendation to the City Council
to Adopt a Resolution Authorizing the Issuance and Sale of Tax-Exempt Water Revenue
Refunding Bonds in a Principal Amount Not-to-Exceed $20,000,000, Approval of the Official
Notice of Sale, Indenture of Trust, Official Statement, Irrevocable Refunding Instructions, and
Other Related Documents, and Authorizing and Directing Certain Related Actions; CEQA Status
-Not a Project
MOTION: Councilmember Lauing moved, seconded by Councilmember Lu, to recommend the
City Council:
1. Authorize staff to refinance the outstanding City of Palo Alto Water Revenue Bonds, 2009
Series A through the issuance of Water Revenue Refunding Bonds in a principal amount
not to exceed $20,000,000; and
2. Approve the Official Notice of Sale, Indenture of Trust, Official Statement, Irrevocable
Refunding Instructions, and authorize official actions and related documents thereto.
MOTION PASSED: 2-0-1, Burt absent
ACTION MINUTES
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Finance Committee Meeting
Action Minutes: 08/182026
Future Meetings and Agendas
Virtual Public Comment - None
Adjournment: The meeting was adjourned at 4:38 P.M.