Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Subcommittee forwards $42M certificates-of-participation proposal for street and Laguna Honda improvements
Summary
The committee forwarded an ordinance authorizing up to $42 million in certificates of participation to finance street improvements and related projects, shifting a previously contemplated gas-tax-funded structure to a general-fund lease approach for more favorable borrowing terms; the budget analyst generally concurred but noted policy implications.
The committee considered an ordinance that would authorize certificates of participation (COPs) in an aggregate principal amount not to exceed $42 million to finance certain street improvements and related projects, with the Laguna…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
