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Committee forwards certificates‑of‑participation financing for Hall of Justice projects and related acquisitions
Summary
Budget & Finance recommended multiple COP issuances (up to $94.6M and $62M) and appropriations to fund acquisitions and tenant improvements related to the Hall of Justice rehabilitation, and asked for contingency oversight on holding‑cell construction.
The Budget & Finance Committee on Sept. 18 approved forwarding several financing measures to the full Board that would authorize certificates of participation (COPs) to finance acquisitions and tenant improvements associated with the Hall of Justice (HOJ) modernization and related projects.
Office of Public Finance staff said the two proposed authorizations would cover up to $94.6 million (to finance certain property acquisitions and repay commercial paper) and up to $62 million (to fund tenant improvements and holding‑cell…
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