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The City Council this week unanimously approved the hiring of a firm to serve as the city’s financial advisor on long-term financing questions, including such items as Mello-Roos bonds or redevelopment.
The city will have experts on issues related to its long-term financing policy, which was adopted in November. With the city considering building a city hall/community center, such questions are expected to arise.
The firm hired by the city, Seidler-Fitzgerald Public Finance of Los Angeles, has experience in getting bond money for community centers.
Payment will be made once long-term financing is completed, not on a monthly or hourly basis.
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