SUPPLEMENT TO REMARKETING STATEMENT DATED APRIL 7, 2020 $39,275,000
CITY OF RIVERSIDE, CALIFORNIA
VARIABLE RATE REFUNDING ELECTRIC REVENUE BONDS
ISSUE OF 2011A
CUSIP†: 768874 TS8
Date of Initial Delivery: April 28, 2011 Due: October 1, 2035 Except as expressly supplemented hereby, the Remarketing Statement dated April 7, 2020, as previously supplemented on April 15, 2020, has not been amended or supplemented.
This Supplement to Remarketing Statement (the “Supplement”) supplements the Remarketing Statement dated April 7, 2020 (as previously supplemented on April 15, 2020, the “Remarketing Statement”) of the City of Riverside (the “Obligor”) relating to the above-captioned obligations (the “Bonds”). This Supplement provides new and updated information about the Bonds. The Remarketing Statement is on file with the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access system. Capitalized terms that are used herein and not otherwise defined have the meanings given such terms in the Remarketing Statement.
All references in the Remarketing Statement to the termination date of the Letter of Credit that has been issued by Bank of America, N.A. to support the payment of principal of and interest on the Bonds are hereby updated to reflect a scheduled termination date of such Letter of Credit of May 31, 2026.
Dated: April [___], 2023
CITY OF RIVERSIDE
By: /s/Edward Enriquez
Chief Financial Officer/Treasurer
By: /s/Todd Corbin
Utilities General Manager
† CUSIP® is a registered trademark of the American Bankers Association. CUSIP Global Services (CGS) is managed on behalf of the American Bankers Association by FactSet Research Systems. Copyright© CUSIP Global Services. All rights reserved. CUSIP® data herein is provided by CUSIP Global Services. This data is not intended to create a database and does not serve in any way as a substitute for the CGS database. CUSIP® numbers are provided for convenience of reference only. Neither the Obligor, the Remarketing Agent or their agents or counsel assume responsibility for the accuracy of such numbers.