County of Riverside Debt Advisory Committee Special Meeting
The Debt Advisory Committee reviewed and discussed the 2026 Lease and Option to Purchase Agreement related to the Riverside University Health System's capital program for flood control facilities at the Medical Center. The committee considered the issuance of interim financing through a Lease and Option to Purchase Agreement to initiate construction of necessary flood control improvements. Additionally, the committee reviewed the issuance of Tax and Revenue Anticipation Notes to cover cash-flow deficits and discussed administrative matters, including remote attendance policies.
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The committee reviewed and recommended approval for the issuance of the County of Riverside Tax and Revenue Anticipation Notes for the 2026-27 fiscal year. The discussion covered the background of the annual issuance to address cash-flow deficits, the evaluation of prepaying unfunded CalPERS pension liabilities, and the authorization of an aggregate issuance amount. The committee also examined financing details, including estimated costs, underwriter appointments, and sources of repayment for the proposed notes.
