NOTICE OF PUBLIC HEARING
ISSUANCE OF RIVERSIDE PUBLIC FINANCING
CITY OF
RIVERSIDE AUTHORITY LEASE REVENUE BONDS
City of Arts & Innovation
NOTICE IS HEREBY GIVEN that a public hearing will be held on September 17, 2024, at 3:00 p.m., or as soon thereafter as such matter can be heard, at a regular meeting of the City Council of the City of Riverside in the Art Pick Council Chamber located at 3900 Main Street, Riverside, California 92522, the City Council of the City of Riverside will conduct a hearing regarding the issuance by the Riverside Public Financing Authority (the "Authority") of one or more series of Lease Revenue Bonds in a not-to-exceed amount of $73,000,000 (the "Bonds") in order to finance the costs of the acquisition, construction, installation, furnishing and equipping of certain capital improvements, including, but not limited to, renovations to a museum and related improvements, to be owned and operated by the City of Riverside and to provide funds to refund the Authority's outstanding Lease Revenue Refunding Bonds, Series 2012A. Lease payments securing the Bonds will be payable from the City's General Fund, subject to abatement as set forth in the Lease Agreement, as supplemented by the First Supplement to Lease Agreement and Second Supplement to Lease Agreement, each by and between the Authority and the City of Riverside.
The Public Hearing will be held by the City Council on the following date:
DATE: September 17, 2024
3:00 p.m.
LOCATION: Art Pick Council Chamber, 3900 Main Street, Riverside, CA View live Webcast at www.RiversideCa.gov/Meeting
To listen to the public hearing live and provide comment by phone, call (951) 826-8686, and follow the prompts to access your language of preference at 3:00 p.m.
All interested persons may appear in person in the Art Pick Council Chamber at 3900 Main Street, Riverside, California, 92522, during the public hearing. Public comments are limited to three minutes per person.
Persons unable to attend the hearing may send written comments to: City Clerk, City Hall, 3900 Main Street, Riverside, CA 92522, prior to September 17, 2024, or email [email protected]. Comments via the eComment feature at www.RiversideCa.gov/Meeting may be submitted until 11 a.m. on September 17, 2024.
For questions relating to the proceedings, or any particulars, please contact the City Clerk's Office at at [email protected] or (951) 826-5557 or write to City Clerk, City of Riverside, 3900 Main Street, Riverside, CA 92522.
If you challenge any of the above proposed actions in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivere@ to the City Clerk of the City of Riverside at, or prior to, the public hearing.
DONESIA GAUSE
City Clerk of the City of Riverside
Dated and Published: September 3, 2024