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
Council Approves $460 Million Bond Plan for Enso Verde
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Description
Through Resolution No. 2026-12, the Simi Valley City Council approves a financing plan enabling the California Public Finance Authority to issue up to $460 million in revenue bonds and related obligations for the Enso Verde senior care project. The bonds will finance and refinance acquisition, development, construction, improvement, and equipping of the facility, with repayment solely the borrower’s responsibility.
Contract Details
Contract Amount
Not to exceed $460,000,000
Vendor
ENSO VERDE
Agency
City of Simi Valley, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Financing plan allows multiple series of bonds, notes, and refunding obligations up to a cumulative $460 million outstanding; no defined renewal term for City approval is specified.
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Related Contracts
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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