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Huntington Park Public Finance Authority allocates $1 million toward emergency operations center
Summary
The Huntington Park Public Finance Authority authorized moving $1 million from Fund 475 to an emergency operations center account as an allocation, not a contract award. The funds originate from surplus proceeds tied to 1990s tax allocation bonds and will require a later return to council before a contract or construction award.
Mayor Mario Flores, presiding as chair of the Huntington Park Public Finance Authority, led the authority on Aug. 4, 2025, in a roll-call vote to allocate $1,000,000 from Huntington Park Public Financing Authority Fund 475 toward the city’s emergency operations center project.
City finance staff told the authority the funds are part of a surplus created when tax allocation bonds (TABs) issued in the 1990s were reinstated following direction from the California Department of Finance and various refunding steps in 2004 and 2015. Staff said roughly $5 million has been sitting in the account collecting interest and that the authority was being asked to move $1 million into the appropriate account to support the EOC…
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