Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Burbank says Measure P, grants and bonds will fund Library Civic Center; housing element unbundled from site
Summary
Finance staff told council the city will use Measure P revenue and development fees for soft costs, issue a bond for construction, and has identified $10M state and roughly $3M federal grants; staff and planning clarified housing originally proposed on the library block has been unbundled and will be pursued on other downtown sites.
Jennifer Becker, with the city’s financial services, told the council that the city has been planning to fund major capital projects with Measure P, a 0.75 percentage‑point transactions and use tax approved by voters in 2018.
Becker said soft costs leading up to construction will be paid with Measure P cash and development impact fees, while the hard construction costs are expected to be financed through a bond. "Measure P is a steady source of revenue," she told the council, and the city plans to…
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
