City Council

10B. Financing Plan for the Encinitas Public Financing Authority (EFPA), 2024\nLease Revenue Bonds Related to the Purchase of Land at the Northeast\nCorner of Highway 101 and La Costa Avenue. Environmental\nConsiderations: The action being considered by the City Council is exempt\nfrom the California Environmental Quality Act (CEQA) because it is not a\n"project" under Section 15378(b)(5) of CEQA Guidelines. The action involves\nan organizational or administrative activity of government that will not result in\nthe direct or indirect physical change in the environment. Contact Person:\nDirector of Finance/City Treasurer McBroome\nRecommended Action: 1) Approve the financing plan for the Encinitas Public\nFinancing Authority (EPFA) 2024 Lease Revenue Bonds Related to the\nPurchase of Land at the Northeast Corner of Highway 101 and La Costa\nAvenue; and 2) Adopt City Council Resolution No. 2024-31, titled "A\nResolution of the City Council of the City of Encinitas, California, Amending\nthe Fiscal Year 2023-24 Budget."\n2024-03-27 Item 10B Financing Overview of Land Purchase