City Council

24. CONSIDERATION OF ADOPTION OF RESOLUTION NO. 8016 DETERMINING THAT THE PUBLIC INTEREST AND NECESSITY DEMAND THE RECONSTRUCTION, REHABILITATION OR REPLACEMENT OF MUNICIPAL IMPROVEMENT PROJECTS OF THE CITY AND THEIR FINANCING THROUGH THE ISSUANCE OF GENERAL OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED $80,000,000; FIRST READING AND INTRODUCTION OF ORDINANCE NO. 2416, AN ORDINANCE OF THE CITY OF SOUTH PASADENA ORDERING THE SUBMISSION OF A PROPOSITION INCURRING BONDED INDEBTEDNESS TO THE QUALIFIED VOTERS OF THE CITY OF SOUTH PASADENA AT THE GENERAL MUNICIPAL ELECTION TO BE HELD ON NOVEMBER 3, 2026, FOR THE PURPOSE OF FINANCING THE COSTS OF THE AQUISITION, CONSTRUCTION, COMPLETION, IMPROVEMENT, RECONSTRUCTION, REHABILIATION OR REPLACEMENT OF CERTAIN MUNICIPAL IMPROVEMENTS PROJECTS OF THE CITY; AND FIND THAT THE PROPOSED ACTION AND PROPOSED BALLOT MEASURE ARE NOT SUBJECT TO THE CALIFORNIA ENVIRONMENTAL QUALITY ACT Recommendation It is recommended that the City Council: 1. Receive and file this report, and provide direction to staff regarding a potential general obligation (G.O.) bond measure for street, roadway, sidewalk, and related infrastructure improvements; 2. Find that the proposed action and the proposed ballot measure are not subject to the California Environmental Quality Act (California Public Resources Code Section 21000 et seq.) (“CEQA”) pursuant to Section 15060(c)(2) (the activities will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activities are not a project as defined in Section 15378) of the CEQA Guidelines, California Code Regulations, Title 14, Chapter 3. State CEQA Guideline Section 15378(b)(4) excludes “government funding mechanisms or other government fiscal activities” from its definition of “project” when they “do not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment.” On its own, voter approval of the proposed bonds will not “commit” the City to issue bonds or construct the Project; 3. Adopt, by a two-thirds (2/3) vote of all members of the City Council, Resolution No. 8016 determining that the public interest and necessity demand the acquisition, construction, improvement, reconstruction, rehabilitation, or replacement of municipal improvement projects of the City and their financing through the issuance of general obligation bonds; and 4. Waive full reading of Ordinance No. 2416 and introduce by title only an Ordinance of the City ordering the submission of a proposition to incur bonded indebtedness in an amount not to exceed $80,000,000 for the certain municipal improvement projects to the qualified voters at the November 3, 2026, General Municipal Election.