Meeting Time: May 06, 2024 at 6:00pm PDT
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Agenda Item

3.B. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST HOLLYWOOD APPROVING DOCUMENTS AND ACTIONS RELATING TO THE ISSUANCE AND SALE OF ONE OR MORE SERIES OF LEASE REVENUE BONDS BY THE WEST HOLLYWOOD PUBLIC FINANCING AUTHORITY TO FINANCE CERTAIN CAPITAL IMPROVEMENT PROJECTS FOR THE CITY AND REFINANCE THE OUTSTANDING WEST HOLLYWOOD PUBLIC FINANCING AUTHORITY 2013 LEASE REVENUE BONDS (CITY HALL PARKING; WERLE BUILDING) [D. WILSON, C. SAFRIET, M. LINDLEY, L. QUIJANO, C. CORRALES, A. RUIZ, K. BARENG]: SUBJECT: The City Council will consider adopting the attached resolution approving the issuance and sale of up to $45 million of 2024 Lease Revenue Bonds (the "2024 Lease Revenue Bonds") in one or more series by the West Hollywood Public Financing Authority (the "Public Financing Authority"). The total bond issue of up to $45 million will provide financing for: (1) the refunding of 2013 bonds; (2) construction of AIDS Monument; (3) the Design District Undergrounding Project, (4) development of a surface parking lot at 8120 Santa Monica Boulevard; (5) acquisition and construction of Plummer Park Off-leash Dog Park; (6) acquisition and construction of improvements at Hart Park; (7) implementation of the Design District Streetscape & Utility Undergrounding Project; (8) acquisition and improvement of Sunset and La Cienega Intersection; and (9) acquisition and construction of Melrose Gathering Place project.