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Finance Authority of Long Beach

Tuesday, April 5, 2022 · 9:00 AM AM · 411 W. Ocean Boulevard Civic Chambers

TL;DR

The Finance Authority of Long Beach met to approve routine administrative matters, including meeting minutes and financial resolutions. The board authorized investment of local funds and approved the issuance of lease revenue bonds to finance various capital projects.

Key Decisions

  • Approve March meeting minutes Passed
  • Authorize local investment fund investment Passed
  • Issue lease revenue bonds for capital projects Passed
Agenda PDF Minutes PDF

Agenda

  1. FINISHED AGENDA & MINUTES
  2. CALL TO ORDER
  3. ROLL CALL
  4. REGULAR AGENDA
  5. 1. Recommendation to approve the minutes for the Finance Authority of Long Beach meeting held Tuesday, March 29, 2022.
    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:

  6. 2. Recommendation to adopt resolution of the Board of Directors of the Finance Authority of Long Beach authorizing investment of monies in the local investment fund.
    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. 2022-02. The motion carried by the following vote:

  7. 3. Recommendation to adopt resolution of the Finance Authority of Long Beach authorizing the issuance and sale of its Finance Authority of Long Beach lease revenue bonds, Series 2022, to finance and refinance various 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. 2022-03. The motion carried by the following vote:

  8. NEW BUSINESS
  9. PUBLIC COMMENT
  10. ADJOURNMENT
  11. I, Jonathan Nagayama, City Clerk Analyst, certify that the agenda was posted not less than 72 hours prior to the meeting.
  12. 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