Los Angeles

City Council

February 12, 2025 Item #1

Agenda Item 1

(1) 10-1280 CD 2 MOTION (NAZARIAN - LEE) and RESOLUTION relative to the issuance of bonds in an amount not to exceed $65,000,000 for the financing, refinancing and/or reimbursing the acquisition, construction, improvement and equipping of the educational facilities located at 4533 Laurel Canyon Boulevard in Council District Two (CD 2). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. ALLOW the California Enterprise Development Authority to issue bonds in an amount not to exceed $65,000,000 to provide financing, refinancing, and/or reimbursement for the acquisition, construction, improvement and equipping of certain educational facilities located at 4533 Laurel Canyon Boulevard in CD 2. 2. HOLD a Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) Hearing and ADOPT the accompanying TEFRA RESOLUTION, attached to the Motion, at the City Council Meeting to be held on February 12, 2025 at 10:00 a.m., located at 200 North Spring Street, Room 340, Los Angeles, California 90012. Items for which Public Hearings Have Been Held