7. PROMISSORY NOTE BETWEEN THE WATER ENTERPRISE FUND AND THE GENERAL FUND Authorize the General Fund's purchase of a seven-year Promissory Note issued by the Water Enterprise Fund to meet the rate covenant requirement for the 2016 and 2020 Refunding Water Revenue Bonds. - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Closed Session-5:30 pm/Regular Meeting-7:00 pm

Meeting Time: May 02, 2023 at 5:30pm PDT

Agenda Item

7. PROMISSORY NOTE BETWEEN THE WATER ENTERPRISE FUND AND THE GENERAL FUND Authorize the General Fund's purchase of a seven-year Promissory Note issued by the Water Enterprise Fund to meet the rate covenant requirement for the 2016 and 2020 Refunding Water Revenue Bonds.