City of Simi Valley Staff Report A Public Hearing to consider adoption of a resolution approving the issuance of tax-exempt revenue bonds 2026-05-11
City Backs Bond Issuance for Enso Verde Project
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Description
The Simi Valley City Council is considering Resolution No. 2026-12 to approve the California Public Finance Authority’s issuance of up to $450 million in tax-exempt revenue bonds for Enso Verde. The financing will fund acquisition, development, construction, improvement, and equipping of a senior residential care facility at Tapo Canyon Road and Guardian Street, with no repayment obligation on the City.
Contract Details
Contract Amount
Not to exceed $450,000,000
Vendor
ENSO VERDE
Agency
City of Simi Valley, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Resolution authorizes CalPFA to issue one or more series of bonds, notes, and bond anticipation notes up to an outstanding aggregate principal amount cap; no explicit renewal or extension provisions are stated for the City’s approval.
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California Public Finance Authority Agenda Packet May 2026
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PENDINGCity of Simi Valley Staff Report A Public Hearing to consider adoption of a resolution approving the issuance of tax-exempt revenue bonds 2026-05-11
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