To: MAYOR AND CITY COUNCIL
From: LUKE SMUDE, ASSISTANT TO THE CITY MANAGER STEPHANIE MEYER, INTERIM FINANCE DIRECTOR PATRICK BUTLER, FIRE CHIEF JOE HOFFMAN, POLICE CHIEF
TITLE
title
DISCUSSION AND POSSIBLE ACTION RELATED TO THE NEXT STEPS TO IMPLEMENT MEASURE FP, A VOTER-APPROVED $93,350,000 GENERAL OBLIGATION BOND MEASURE FUNDING THE REPLACEMENT AND RENOVATION OF CRITICAL PUBLIC SAFETY INFRASTRUCTURE IN THE CITY OF REDONDO BEACH
end
EXECUTIVE SUMMARY
On November 7, 2024, Redondo Beach voters approved Measure FP, a General Obligation Bond in the amount of $93,350,000 to fund the reconstruction of Fire Station #1, Fire Station #2, and the Police Headquarters, and renovation of the Police Annex facility. The results of the election were certified by the City Clerk on December 10, 2024, with more than 71.4% of RB voters supporting the measure.
Following approval, staff from Departments throughout the City have begun efforts to ensure the approved bond measure can be executed in a timely and transparent manner. In the upcoming months, staff will form a bond implementation team, comprised of internal staff and external consulting resources, focused on project management, design and construction delivery, bond financing, citizens oversight, legal compliance, strategic temporary facility planning, and value engineering that will assist the City in developing both short and long-term plans to effectively sequence project implementation and bond issuance. This report summarizes upcoming actions/steps and provides a chance for the City Council to discuss the process and provide direction.
Staff plans to provide periodic updates to Council on the overall process and will return with proposed consulting services agreements, budgetary actions, and procedural items for consideration of approval as appropriate.
BACKGROUND
Voter approval of Measure FP, a $93,500,000 General Obligation Bond Measure, as part of the General Election held on Novem...
Click here for full text