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Finance Authority of Long Beach

Tuesday, September 28, 2021 · 9:00 AM AM · 411 W. Ocean Boulevard Civic Chambers

TL;DR

The Finance Authority of Long Beach met to approve meeting minutes and authorize the issuance of lease revenue refunding bonds for various capital projects. The bonds will refinance existing projects and allow for reimbursement of prior expenditures, totaling up to $1,650,000.

Key Decisions

  • Approve Previous Meeting Minutes Passed
  • Issue Lease Revenue Refunding Bonds Passed
Agenda PDF Minutes PDF

Agenda

  1. CALL TO ORDER
  2. ROLL CALL
  3. REGULAR AGENDA
  4. 1. Recommendation to approve the minutes for the Finance Authority of Long Beach meeting held Tuesday, September 21, 2021.
    FA-Finance Authority
    Action: approve recommendation Passed

    A motion was made by Member Riper, seconded by Member Nakamoto, to approve recommendation. The motion carried by the following vote:

  5. 2. Recommendation to adopt resolution authorizing the issuance and sale of its Finance Authority of Long Beach lease revenue refunding bonds, Series 2021A (federally taxable), to refinance various capital projects and its Finance Authority of Long Beach lease revenue bonds, Series 2021B, in an amount not to exceed $1,650,000 to reimburse prior expenditures for capital projects, approving the form and authorizing execution of related documents and approving related official actions.
    FA-Resolution
    Action: approve recommendation and adopt Passed

    A motion was made by Member Riper, seconded by Member Nakamoto, to approve recommendation and adopt Resolution No. F.A.L.B. 2021-02. The motion carried by the following vote:

  6. NEW BUSINESS
  7. PUBLIC COMMENT
  8. ADJOURNMENT
  9. I, Jonathan Nagayama, City Clerk Analyst, certify that the agenda was posted not less than 72 hours prior to the meeting.
  10. NOTE: The agenda and supporting documents are available on the Internet at www.longbeach.gov. Agenda items may be reviewed in the Office of the City Clerk or online at the Main Library and at the Branch Libraries. Persons interested in obtaining an agenda via e-mail should subscribe to the City of Long Beach LINKLB System at www.longbeach.gov/linklb. E-Mail correspondence can be directed to cityclerk@longbeach.gov. Communicate through the Telephone Device for the Deaf (TDD) at (562) 570-6626. If a special accommodation is desired pursuant to the Americans with Disabilities Act, or if you need the agenda provided in an alternate format, please phone the Office of the City Clerk at (562) 570-6101 by 12 noon Monday, the day prior to the meeting. Inquire at the City Council Chamber Audio-Visual Room for an assistive listening device. jn
  11. 3. eComments and emails received for the Finance Authority of Long Beach meeting of Tuesday, September 28, 2021.
    FA-Finance Authority
    Action: received and filed

    This FA-Finance Authority was received and filed.

  12. FINISHED AGENDA & MINUTES
  13. CALL TO ORDER
  14. ROLL CALL
  15. ADJOURNMENT
  16. PUBLIC COMMENT
  17. REGULAR AGENDA