Agenda - Finance, Affordability, Asset Management, and Efficiency Committee

FAAME Committee

C. Miller, Chair

D. Alvarez, VC Budget

G. Bryant

R. Crane

P. Daniels

B. Dennstedt

L. Fong-Sakai

P. Paule

M. Petersen

B. Pressman

T. Quinn

Tuesday, October 13, 2026

Meeting Schedule

Finance, Affordability, Asset

Management, and Efficiency Committee

- Final

08:30 a.m. FAAME

10:30 a.m. LEGAL

12:00 p.m. BREAK

12:30 p.m. OPE

Meeting with Board of Directors *

October 13, 2026

02:30 p.m. BOD

8:30 a.m.

K. Seckel

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* The Metropolitan Water District’s meeting of this Committee is noticed as a joint committee

meeting with the Board of Directors for the purpose of compliance with the Brown Act.

Members of the Board who are not assigned to this Committee may participate as members

of the Board, whether or not a quorum of the Board is present. In order to preserve the

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assigned to this Committee will not vote on matters before this Committee.

10132026 Finance, Affordability, Asset Management, and

Efficiency Committee Translated Agendas

21625

10132026 FAAME Agenda - Armenian

10132026 FAAME Agenda - Chinese Mandarin

10132026 FAAME Agenda - Spanish

Attachments:

Agendas are translated by a digital translation service. Metropolitan does not guarantee

accuracy of any translation.

Opportunity for members of the public to address the committee on

matters within the committee's jurisdiction (As required by Gov. Code

Section 54954.3(a))

** CONSENT CALENDAR **

COMMITTEE ACTION (ONLY)

Approve the Minutes of the Finance, Affordability, Asset

Management, and Efficiency Committee held on September 15,

2026

21-6253

10132026 FAAME 2A (09152026) Minutes

Attachments:

COMMITTEE ITEMS (FOR BOARD CONSIDERATION)

NONE

** END OF CONSENT CALENDAR **

COMMITTEE ITEMS (ACTION FOR BOARD CONSIDERATION)

Adopt Ordinance No. 153 determining that the interests of

Metropolitan require the use of revenue bonds in the aggregate

principal amount of $500 million to finance a portion of capital

expenditures, and waive the full reading of Ordinance No. 153

(two-thirds vote of the Board); the General Manager has

determined that the proposed action is exempt or otherwise not

subject to CEQA

8-3

21-6250

10132026 FAAME 8-3 B-L

Attachments:

10132026 FAAME 8-3 presentation

Adopt the Twenty-Seventh Supplemental Resolution to the Master

Bond Resolution authorizing the issuance of up to $600 million of

Water Revenue and Refunding Bonds, 2026 Series A; providing

the terms and conditions for the sale and issuance of the Bonds;

and approve expenditures to fund the costs of issuance of the

Bonds; the General Manager has determined that the proposed

action is exempt or otherwise not subject to CEQA

8-4

21-6251

10132026 FAAME 8-4 B-L

Attachments:

10132026 FAAME 8-4 Presentation

Adopt the Fifth Supplemental Subordinate Resolution to the Master

Subordinate Resolution authorizing the issuance of up to $300

million of Variable Rate Subordinate Water Revenue Bonds, 2026

Series B; providing the terms and conditions for the sale and

issuance of the Bonds and related transaction documents; and

approve expenditures to fund the costs of issuance of the Bonds;

the General Manager has determined that the proposed action is

exempt or otherwise not subject to CEQA

8-5

21-6252

10132026 FAAME 8-5 B-L

Attachments:

10132026 FAAME 8-5 Presentation

Approve and authorize the distribution of Appendix A for use in the

issuance and remarketing of Metropolitan's Bonds; the General

Manager has determined that the proposed action is exempt or

otherwise not subject to CEQA

8-6

21-6249

10132026 FAAME 8-6 B-L

Attachments:

10132026 FAAME 8-6 Presentation

COMMITTEE ITEMS (INFORMATIONAL FOR BOARD

CONSIDERATION)

NONE

COMMITTEE ITEMS (INFORMATIONAL)

Bond Financing Overview (SB 450)

21-6255

21-6254

10132026 FAAME 6a C-L

Attachments:

10132026 FAAME 6a presentation

MANAGEMENT ANNOUNCEMENTS AND HIGHLIGHTS

Finance, Affordability, Asset Management, and Efficiency activities

10132026 FAAME 7a Finance, Affordability, Asset

Management, and Efficiency activities

Attachments:

FOLLOW-UP ITEMS

NONE

FUTURE AGENDA ITEMS

10. ADJOURNMENT

NOTE: This committee reviews items and makes a recommendation for final action to the full Board of Directors.

Final action will be taken by the Board of Directors. Committee agendas may be obtained on Metropolitan's Web site

https://mwdh2o.legistar.com/Calendar.aspx. This committee will not take any final action that is binding on the

Board, even when a quorum of the Board is present.

Writings relating to open session agenda items distributed to Directors less than 72 hours prior to a regular meeting

are available for public inspection at Metropolitan's Headquarters Building and on Metropolitan's Web site

https://mwdh2o.legistar.com/Calendar.aspx.

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attend or participate in a meeting should be made to the Board Executive Secretary in advance of the meeting to

ensure availability of the requested service or accommodation.