Long Beach, CA
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File #: 20-002FA    Version: 1 Name: 052620-FA RES-Revolving Line of Credit
Type: FA-Resolution Status: Adopted
File created: 5/22/2020 In control: Finance Authority of Long Beach
On agenda: 5/26/2020 Final action: 5/26/2020
Title: Recommendation to authorize resolution to execute a Revolving Line of Credit in an amount not to exceed $25,000,000 for a one-year term, with the option to extend the term for an additional one-year period.
Attachments: 1. 052620.FA.item2.pdf, 2. FALB 2020-01.pdf

TITLE

Recommendation to authorize resolution to execute a Revolving Line of Credit in an amount not to exceed $25,000,000 for a one-year term, with the option to extend the term for an additional one-year period.

 

SUGGESTED ACTION

Approve recommendation.