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Council withholds vote on Playa Vista Mello‑Roos and housing bonds after extended public debate
Summary
After a day of extensive public testimony for and against Playa Vista’s proposed Mello‑Roos and housing bond financing, the Los Angeles City Council on June 19, 2001, withheld ordinance votes and continued final consideration to June 26, 2001.
The Los Angeles City Council on June 19, 2001, heard extended public comment and staff analysis on proposed Mello‑Roos special‑tax bonds and housing bond financing tied to the Playa Vista development, then withheld final ordinance votes and continued city action to June 26, 2001.
John Henschel of the Office of Administrative and Research Services (ORS) told the council the CLA/ORS study found the Playa Vista site “can be made safe for development” and recommended approval of up to $135 million in Mello‑Roos bonds for community infrastructure. Henschel told members the city’s general fund would not be pledged for bond repayment and that the preliminary official statement discloses “material” information for potential bond purchasers.
Supporters of the bonds — including Playa Vista officials, business groups and labor representatives — emphasized jobs, local infrastructure and affordable housing. David Nelson, senior vice president of Playa Vista, said the bonds “will help finance much needed…
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