PH-1. 26-944 CC:PFA - PUBLIC HEARING: (1) Adoption of City Council Resolution Authorizing the Execution and Delivery by the City of a Ground Lease, a Lease Agreement, an Indenture, a Purchase Contract, and a Continuing Disclosure Agreement in Connection with the Issuance by the Culver City Public Finance Authority of its Lease Revenue Bonds, Series 2026a and Series 2026b (Federally Taxable); Approving the Issuance of Such Bonds in an Aggregate Principal Amount Not to Exceed $48,000,000; and Authorizing the Execution of Necessary Documents and Certificates and Related Actions; (2) Adoption of City Council Resolution Declaring its Official Intent to Reimburse Project Expenditures with Bond Proceeds and Related Actions; (3) Adoption of Public Finance Authority Resolution Authorizing the Execution and Delivery of a Ground Lease, a Lease Agreement, an Indenture and a Purchase Contract in Connection with the Issuance of Culver City Public Finance Authority Lease Revenue Bonds, Series 2026a and Series 2026b (Federally Taxable); Authorizing the Issuance of Such Bonds in an Aggregate Principal Amount Not to Exceed $48,000,000; Authorizing the Execution of Necessary Documents and Certificates and Related Actions; and Approving a Local Debt Policy Statement. - Culver City, CA

Meeting: City Council Meeting Agenda on 2026-06-08 7:00 PM - Regular Meeting of the City Council, Successor Agency to the Culver City Redevelopment Agency, and the Culver City Parking, Redevelopment Financing, Culver City Housing, and Culver City Public Finance Au

Meeting Time: June 08, 2026 at 7:00pm PDT

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Agenda Item

PH-1. 26-944 CC:PFA - PUBLIC HEARING: (1) Adoption of City Council Resolution Authorizing the Execution and Delivery by the City of a Ground Lease, a Lease Agreement, an Indenture, a Purchase Contract, and a Continuing Disclosure Agreement in Connection with the Issuance by the Culver City Public Finance Authority of its Lease Revenue Bonds, Series 2026a and Series 2026b (Federally Taxable); Approving the Issuance of Such Bonds in an Aggregate Principal Amount Not to Exceed $48,000,000; and Authorizing the Execution of Necessary Documents and Certificates and Related Actions; (2) Adoption of City Council Resolution Declaring its Official Intent to Reimburse Project Expenditures with Bond Proceeds and Related Actions; (3) Adoption of Public Finance Authority Resolution Authorizing the Execution and Delivery of a Ground Lease, a Lease Agreement, an Indenture and a Purchase Contract in Connection with the Issuance of Culver City Public Finance Authority Lease Revenue Bonds, Series 2026a and Series 2026b (Federally Taxable); Authorizing the Issuance of Such Bonds in an Aggregate Principal Amount Not to Exceed $48,000,000; Authorizing the Execution of Necessary Documents and Certificates and Related Actions; and Approving a Local Debt Policy Statement.