DATE: May 7, 2024
TO: Mayor and City Council
FROM: Director of Finance & Director of Public Works
SUBJECT
Title
Water and Wastewater Enterprise Revenue Bond Law: Introduction of an Ordinance Adding Article 22 to the Chapter 8 of the Hayward Municipal Code regarding Water and Wastewater Enterprise Revenue Bond Law; Finding that this Action is Subject to CEQA Common Sense Exemption
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RECOMMENDATION
Recommendation
That the Council introduces the attached Ordinance (Attachment II) adding Article 22, Chapter 8 to the Hayward Municipal Code regarding Water and Wastewater Enterprise Revenue Bond Law.
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SUMMARY
The purpose of the proposed addition of Article 22, Chapter 8 to the Hayward Municipal Code regarding Water and Wastewater Enterprise Revenue Bond Law is to provide the procedures to be followed by the City with respect to the authorization, issuance and sale of bonds and other obligations for the purpose of financing capital improvement costs related to the water enterprise of the City and the wastewater enterprise of the City.
ATTACHMENTS
Attachment I Staff Report
Attachment II Ordinance