Los Angeles

LA County Board

August 06, 2024 Item #112

Agenda Item 112

112. Issuance and Sale of Los Angeles County Public Works Financing\nAuthority Lease Revenue Bonds\nRecommendation: Adopt a resolution authorizing the issuance and sale of the\nLos Angeles County Public Works Financing Authority (Authority) Lease\nRevenue Bonds, 2024 Series H (2024 Series H Bonds), on a tax-exempt basis\nwith a par amount not to exceed $650,000,000 to finance the construction of\nPhase 1 of the Harbor-UCLA Medical Center Replacement Project, which\nincludes a Support Services Building, Parking Structure, Regional Laboratory\nBuilding, Outpatient/Support Building and Central Utility Plant, repay certain\noutstanding lease revenue obligation commercial paper notes and refund the\nAuthority’s Lease Revenue Bonds, 2015 Series A Bonds, and the execution and\ndelivery of various legal documents that are required to issue the 2024 Series H\nBonds and complete the proposed transaction; and ratify the public hearing\nrelated to the issuance of the 2024 Series H Bonds held by the Treasurer and\nTax Collector on July 30, 2024, in accordance with Section 6586.5 of the\nCalifornia Government Code. (Treasurer and Tax Collector) ADOPT\n4-VOTES (Relates to Agenda No. 1-F) (24-3035)\nPublic Comment Correspondence