Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Where to invest Rs 1 lakh right now – gold, silver, stocks, mutual funds? 7 wealth and fund managers decode the correct mix
    • EFG Hermes rolls out five mutual funds on ONE App for retail investors
    • What Savvy Investors Need to Know About Trading ETFs
    • Business News Today: Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News
    • How Rs 1,000 monthly SIP at 25 can generate Rs 20,000 income after 50 — SIP + SWP strategy explained – Money News
    • Premium Bonds ‘not even close’ warning as NS&I announces major change
    • Franklin Templeton India MF data show passive funds AUM up 38% YoY in January
    • Premium Bonds to offer less big prizes from April 2026
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»City Council to Consider Bond Measure for Central Library Earthquake Retrofit – Pasadena Now
    Bonds

    City Council to Consider Bond Measure for Central Library Earthquake Retrofit – Pasadena Now

    July 22, 2024


    Pasadena officials are proposing a $195 million bond measure to fund a comprehensive earthquake retrofit, repair, and update of the Central Library, slated for consideration by voters during the upcoming November General Municipal Election.

    The ordinance, scheduled for discussion at Monday’s City Council meeting, aims to authorize the issuance of general obligation bonds totaling $195 million. These funds would support essential upgrades to enhance seismic resilience and modernize facilities at the Central Library, a vital community resource.

    The 1925 Central Library building has been shuttered since May 2021 due to seismic safety concerns.

    The City has completed 60% plans and cost estimate and will complete construction drawings by spring of next year.

    The Central Library is one of the three major buildings in the city’s Civic Center District as part of the Bennett Plan. It was dedicated on Abraham Lincoln’s birthday, Feb. 12, 1927.

    The plan, developed by architect Edward Bennett, placed the city’s most important civic institutions — including the library and City Hall — within an area where streets conclude at the buildings: City Hall to the east, the library to the north, and the Civic Center to the south.

    In June, Jess Rivas and Jason Lyon said they could not support the measure.

    According to the ordinance, the Public Works Department would oversee the seismic retrofit and renovation project, addressing critical safety and infrastructure needs. The Finance Department would manage the issuance of bonds and ensure the repayment structure, with an estimated annual cost of $12 million over a 30-year period.

    Financial projections indicate an average annual tax rate increase of $19.60 per $100,000 of assessed property valuation, with a maximum estimated rate of $28.90 per $100,000. The bonds’ fiscal impact primarily includes issuance costs and debt service payments, aimed at securing necessary funding while managing taxpayer burdens responsibly.

    City officials emphasize that the proposed bond measure is essential to safeguarding the Central Library against seismic risks and ensuring its continued service to the community. If approved by voters, the measure would mark a significant investment in public infrastructure aimed at meeting safety standards and enhancing library facilities for Pasadena residents.

    Get our daily Pasadena newspaper in your email box. Free.

    Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Premium Bonds ‘not even close’ warning as NS&I announces major change

    February 25, 2026

    Premium Bonds to offer less big prizes from April 2026

    February 25, 2026

    Premium Bonds winners – NS&I warns your chances will drop

    February 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    How To Build An ETF Portfolio For Income: August 2025 Edition

    October 5, 2023
    Don't Miss
    Mutual Funds

    Where to invest Rs 1 lakh right now – gold, silver, stocks, mutual funds? 7 wealth and fund managers decode the correct mix

    February 25, 2026

    We asked 7 wealth and fund managers from leading brokerages for where investors should invest…

    EFG Hermes rolls out five mutual funds on ONE App for retail investors

    February 25, 2026

    What Savvy Investors Need to Know About Trading ETFs

    February 25, 2026

    Business News Today: Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    February 25, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Rep. O’Neal supports effort to require cash bond for suspects charged in violent crimes

    October 25, 2024

    NBK successfully issues KD 150mln Tier 2 subordinated bonds

    November 23, 2025

    Spot Bitcoin ETFs See Highest Inflows On July 12

    July 13, 2024
    Our Picks

    Where to invest Rs 1 lakh right now – gold, silver, stocks, mutual funds? 7 wealth and fund managers decode the correct mix

    February 25, 2026

    EFG Hermes rolls out five mutual funds on ONE App for retail investors

    February 25, 2026

    What Savvy Investors Need to Know About Trading ETFs

    February 25, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.