Redondo Beach

City Council

H.16. APPROVE AN AGREEMENT WITH PUBLIC RESOURCES ADVISORY GROUP (PRAG) TO SERVE AS THE CITY’S MUNICIPAL FINANCIAL ADVISOR RELATED TO THE ISSUANCE OF GENERAL OBLIGATION BONDS PURSUANT TO MEASURE FP THAT WAS APPROVED BY VOTERS ON NOVEMBER 5, 2024 IN AN AMOUNT NOT TO EXCEED $175,000 THAT WILL BE PAID OUT OF BOND PROCEEDS FOR THE TERM MARCH 18, 2025 TO MARCH 17, 2028 WITH AN AUTOMATIC RENEWAL OF TWO ADDITIONAL ONE-YEAR TERMS