The possible issuance of pension obligation bonds was approved on Monday night by the Huntington Beach City Council. The council voted 6-1 in favor, with Councilmember Mike Posey opposed.
The bonds are intended to reduce the city’s unfunded pension liability, which has been put at over $400 million. The sale of such bonds could reduce that number by about $200 million, according to a city staff report.
Monday’s action doesn’t specify the amount or number of such bond issues, but authorized future action on them.
Also on Monday night, the council:
- approved an ordinance prohibiting the misuse of disabled person placards or license plates;
- approved a contract of up to $1,119,000 for street-sweeping enforcement to Allied Universal Security.
The next meeting of the council will be on Dec. 2.
District maps for Westminster on agenda
A public hearing on the creation of boundaries for district-based city council elections will be the highlight of a special meeting of the Westminster City Council tonight (Wednesday).
This will be the third of the four required public hearings, with the fourth set for Dec. 11, at which the council is expected to select a map creating four districts (the mayor will be elected directly). To view the maps submitted by the demographer hired by the city and those submitted by members of the public, go to the city’s website – www.westminster-ca.gov – and navigate to “mayor and city council” and click the link to “jump to agendas.” From there, find the agenda for the meeting (upper right), click on that and go to item 4.1. Clicking on that blue link will bring up a staff report, which includes eight submitted maps.
Final approval is expected at the Dec. 18 meeting.
The council will meet in its chambers at 8200 Westminster Blvd. at 7 p.m.
Categories: Across the Area
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