Los Angeles

LA County Board

May 16, 2023 Item #78

Agenda Item 78

78. Issuance and Sale of 2023-24 Tax and Revenue Anticipation Notes\nRecommendation: Adopt a resolution authorizing the issuance and sale of the\n2023-24 Tax and Revenue Anticipation Notes in an aggregate principal amount\nnot to exceed $700,000,000. (Treasurer and Tax Collector) ADOPT\n(23-1818)\nAttachments: Board Letter\nPublic Comment/Correspondence\nV. SPECIAL DISTRICT AGENDA\nAGENDA FOR THE MEETING OF\nTHE LOS ANGELES COUNTY\nDEVELOPMENT AUTHORITY\nTUESDAY, MAY 16, 2023\n9:30 A.M.\n1-D. Multifamily Housing Revenue Bonds to Finance the Development of the\n2111 Firestone Project\nRecommendation: Adopt and instruct the Chair to sign a resolution authorizing\nthe issuance, sale and delivery of tax-exempt Multifamily Housing Revenue\nBonds or Notes (Bonds) in an aggregate principal amount not to exceed\n$21,435,228 to finance the site acquisition, construction, rehabilitation, or\ndevelopment of 2111 Firestone, an 85-unit supportive housing development to\nbe located at 2111 Firestone Boulevard, in the unincorporated community of\nFlorence-Graham (2); and authorize the Executive Director of the Los Angeles\nCounty Development Authority to negotiate, execute and, if necessary, amend\nor terminate all related documents and take all necessary actions for the\nissuance, sale, and delivery of the Bonds. ADOPT (Relates to Agenda No. 53)\n(23-1826)\nAttachments: Board Letter\nPublic Comment/Correspondence\nVI. NOTICES OF CLOSED SESSION FOR MAY 16, 2023\nCS-1. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION\nParagraph (1) of Subdivision (d) of Government Code Section 54956.9\nThe People of the State of California, ex rel. Xavier Becerra, Attorney General\nof the State of California vs. County of Los Angeles, et al., Los Angeles County\nSuperior Court Case No. 21STCV01309. (23-1790)\nAttachments: Public Comment/Correspondence\nCS-2. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION\nParagraph (4) of Subdivision (d) of Government Code Section 54956.9\nInitiation of Litigation (three cases). (23-1791)\nAttachments: Public Comment/Correspondence\nCS-3. DEPARTMENT HEAD PERFORMANCE EVALUATIONS\n(Government Code Section 54957)\nDepartment Head performance evaluations. (11-1977)\nAttachments: Public Comment/Correspondence\nCS-4. CONFERENCE WITH LABOR NEGOTIATORS\n(Government Code Section 54957.6)\nAgency designated representatives: Fesia Davenport, Chief Executive Officer\nand designated staff\nEmployee Organization(s) for represented employees: All individual member\nunions of the Coalition of County Unions, AFL-CIO; Local 721, SEIU; All\naffiliated member unions of AFSCME Council 36; Association of Deputy District\nAttorneys; Los Angeles County Association of Environmental Health Specialists;\nLos Angeles County Public Defenders; and\nUnrepresented employees (all). (17-0363)\nAttachments: Public Comment/Correspondence\nVII. GENERAL PUBLIC COMMENT 79