To: MAYOR AND CITY COUNCIL
From: LUKE SMUDE, ASSISTANT TO THE CITY MANAGER
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DISCUSSION AND POSSIBLE ACTION RELATED TO THE ISSUANCE OF BONDS TO FINANCE THE RENOVATION OR REPLACEMENT OF CRITICAL PUBLIC INFRASTRUCTURE AND THE ACQUISITION OF PUBLIC OPEN SPACE
RECEIVE AND FILE A PRESENTATION FROM FAIRBANK, MASLIN, MAULLIN, METZ & ASSOCIATES, INC. (FM3) ON PUBLIC OPINION POLLING RELATED TO THE POTENTIAL BOND ISSUANCE
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EXECUTIVE SUMMARY
The City of Redondo Beach has a number of key public facilities that are in need of renovation or replacement. The City Council directed staff to research financial vehicles that could assist the City in funding these improvements and discussed the issuance of General Obligation (GO) Bonds at its June 11, 2024 Council meeting. A Facilities Cost Analysis completed by Griffin Structures, Inc. (Griffin) detailing the investment required to renovate or replace Fire Station 1, and Fire Station 2, the Police Department Headquarters, Police Department Annex, the Public Works Yard, and City Hall was also presented at the time. Following the initial review, the City Council asked that Griffin update the Cost Analysis to include the cost and feasibility of expanding the fire stations and consolidating the police headquarters and annex buildings. That information is included/attached to this report.
This item also provides an opportunity for Fairbank, Maslin, Maullin, Metz, & Associates, Inc. (FM3) to present the information they have gathered related to the public's opinion on the possible GO Bond. FM3 was hired in June to prepare and conduct a survey designed to gauge public support for a Bond to renovate or replace the above facilities, along with the possibility of including additional funding for open space acquisition in the City. FM3 has completed polling of over 400 randomly selected voters in the City and will present their findings at the July 16 City Council meeting.
After reviewing Griffin's upda...
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