City Council

10B. Financing Plan for the Encinitas Public Financing Authority (EFPA), 2024 Lease Revenue Bonds Related to the Purchase of Land at the Northeast Corner of Highway 101 and La Costa Avenue. Environmental Considerations: The action being considered by the City Council is exempt from the California Environmental Quality Act (CEQA) because it is not a "project" under Section 15378(b)(5) of CEQA Guidelines. The action involves an organizational or administrative activity of government that will not result in the direct or indirect physical change in the environment. Contact Person: Director of Finance/City Treasurer McBroome Recommended Action: 1) Approve the financing plan for the Encinitas Public Financing Authority (EPFA) 2024 Lease Revenue Bonds Related to the Purchase of Land at the Northeast Corner of Highway 101 and La Costa Avenue; and 2) Adopt City Council Resolution No. 2024-31, titled "A Resolution of the City Council of the City of Encinitas, California, Amending the Fiscal Year 2023-24 Budget." 2024-03-27 Item 10B Financing Overview of Land Purchase