Brief

Councilmember Traci Park moved to authorize tax-exempt bond financing under the federal Tax Equity and Fiscal Responsibility Act (TEFRA) for educational facility improvements at 780 Swarthmore Avenue and 15236 La Cruz Drive in Council District 11. The Council adopted the motion unanimously 15-0 on May 19, 2026. The file is now with the Mayor for signature, with a deadline of June 1, 2026.

Full summary

This file authorizes the use of TEFRA bond financing—a federal mechanism allowing local governments to issue tax-exempt bonds for certain educational facilities—to fund improvements at two school properties in Council District 11: 780 Swarthmore Avenue and 15236 La Cruz Drive. TEFRA bonding is a financing tool that helps schools and districts undertake capital improvements while managing debt costs through tax-exempt status. Councilmember Traci Park introduced the motion on May 8, 2026, with Councilmember Heather Hutt seconding. The motion moved through the standard procedural path: referred to Council, scheduled for a May 19 hearing, and adopted with unanimous support (15-0) at the May 19 Regular Council meeting. The vote was subject to reconsideration under Council Rule 51, a standard parliamentary provision. On May 20, 2026, the City Clerk transmitted the adopted file to the Mayor for final action. The Mayor has until June 1, 2026 to sign, veto, or take other action. As of the last recorded activity, the file remains open and pending mayoral action. The file will expire on May 19, 2028 if not fully processed or adopted.

Activity (4)

• 2026-05-20 City Clerk transmitted file to Mayor. Last day for Mayor to act is June 1, 2026.
• 2026-05-19 Council adopted item, subject to reconsideration, pursuant to Council Rule 51.
• 2026-05-15 City Clerk scheduled item for Council on May 19, 2026.
• 2026-05-08 Motion referred to Council.

Documents (2)

• 2026-05-19 Speaker Card(s) · speaker_card
• 2026-05-08 Motion · motion