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CITY OF RIVERSIDE <br /> PUBLIC UTILITIES DEPARTMENT <br /> Customer Relations / Finance Committee Meeting <br /> MINUTES <br /> MAY 24,2013 <br /> COMMITTEE MEMBERS PRESENT: STAFF MEMBERS PRESENT: <br /> Darrell Ament Dave Wright—PU General Manager <br /> Susan Cash Kevin Milligan—PU Assistant General Manager <br /> Reiko Kerr—PU Assistant General Manager—Power Resources <br /> Laura Chavez-Nomura—PU Assistant General Manager-CFO <br /> COMMITTEE MEMBERS ABSENT: <br /> Justin Scott-Coe <br /> Ian Davidson <br /> Committee Member Ament called the meeting to order at 8:30 AM <br /> 1. CITIZEN PARTICIPATION <br /> None <br /> 2. PROPOSED ELECTRIC REVENUE REFUNDING BONDS <br /> Assistant General Manager Chavez-Nomura provided a presentation on the Proposed 2013 Electric Revenue <br /> Refunding Bond Issuance to pay off the Clearwater Facility Obligation and to refinance, using fixed rate bonds. <br /> certain variable rate debt maturities to reduce risk exposure to the Utility. After discussion, item was approved by the <br /> Customer Service/Finance Committee to go to the Board of Public Utilities for approval. <br /> 3. GENERAL MANAGERS REPORT <br /> Nothing to report <br /> 4. ITEMS FOR FUTURE CONSIDERATION <br /> None <br /> Committee Member Cash with no further business adjourned the meeting at 9:02 AM. <br /> The next scheduled Customer Relations/Finance Committee meeting will be on Friday,June 28, 2013. <br /> By: —Y6' Dated: 51 241 L3 <br /> Laura Chavez-Nomura <br /> Utilities Assistant General Manager <br /> CFO <br /> LCN:ra <br />