City Council

JOINT PUBLIC HEARING JPH 1. A Resolution of the City Council of the City of Lancaster, authorizing the issuance of Lancaster Financing Authority Lease Revenue Bonds in an aggregate principal amount of not-to-exceed $28,000,000 and authorizing the execution of necessary documents and certificates and related actions. Recommendation: Take the following actions: ACTING AS THE CITY COUNCIL: 1. Hold a Public Hearing 2. Adopt Resolution No.____ entitled “Resolution of the City Council of the City of Lancaster, Authorizing the Issuance of Lancaster Financing Authority Lease Revenue Bonds in an Aggregate Principal Amount of not to Exceed $28,000,000 and Authorizing the Execution of Necessary Documents and Certificates and Related Actions.” ACTING AS THE LANCASTER FINANCING AUTHORITY: 3. Adopt Resolution No. _____ entitled “A Resolution of the Lancaster Financing Authority Authorizing the Issuance of Lancaster Financing Authority Lease Revenue Bonds in an Aggregate Principal Amount of not to Exceed $28,000,000 and Authorizing the Execution of Necessary Documents and Certificates and Related Actions. The City has identified the need for financing the acquisition, construction and installation of certain capital improvements, including but not limited to the Multi-Agency Regional Resiliency Center, construction of the Avenue J Pocket Park, improvements to American Heroes Park and Jane Reynolds Park, certain other parks and recreation improvements within the City, certain public art projects located within the City, certain street and traffic improvements within the City, and other improvements, facilities and equipment (collectively, the “Projects”). NEW BUSINESS