Board certifies Measure LCF election and approves initial bond drawdown
The board adopted a resolution certifying the June 2 Measure LCF election (authorizing $113 million in bonds) and approved proceeding with an initial series not to exceed $27 million after a municipal-advisory market update.
The full story
Board staff presented Resolution 3-26-27 to certify the June 2 election results for Measure LCF, which the presenter said passed with nearly 65% support. The resolution entered the election results into the minutes and instructed staff to certify proceedings to the Los Angeles County Registrar of Voters. "Measure LCF was approved by nearly 65% of the voters," staff reported while urging careful stewardship and transparency in using bond proceeds.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.