City Council

CC:PFA - ACTION ITEM: (1) CULVER CITY PUBLIC\nFINANCE AUTHORITY BOARD ADOPTION OF A\nRESOLUTION CONFIRMING THE BOARD OF\nDIRECTORS; ESTABLISHING DATES, TIME AND PLACE\nOF ITS REGULAR MEETINGS; AND ADOPTING A\nCONFLICT OF INTEREST CODE; (2) CULVER CITY\nPUBLIC FINANCE AUTHORITY BOARD AND CITY\nCOUNCIL CONSIDERATION OF THE USES FOR THE\nBOND PROCEEDS RESULTING FROM BOND ISSUANCE\nWHICH MAY BE ISSUED FOR AN AMOUNT NOT TO\nEXCEED $48,000,000, OF WHICH THE CITY MANAGER\nIS RECOMMENDING A TOTAL OF $39,420,000 (NET\nPROCEEDS OF $36,900,000) BE ISSUED; (3) CITY\nCOUNCIL DIRECTION TO THE CITY MANAGER TO\nINCORPORATE THESE BOND PROCEED USES IN THE\nPROPOSED CULVER CITY FISCAL YEAR 2026-2027\nBUDGET; AND (4) OTHER DIRECTION TO THE CITY\nMANAGER/EXECUTIVE DIRECTOR AS DEEMED\nAPPROPRIATE.\n2026-04-27_ATT 1_Public Finance Authority Resolution\nAppointing Board, Establishing Meeting Dates, and Adopting\nCOI Code.pdf\n2026-04-27_ATT 2_Preliminary Financing Schedule for Lease\nRevenue Bonds