Countywide

Motion seeks City Council sign-off on $275 million in bonds for Studio City elder care

The bonds would finance work at Merrill Gardens at Studio City, with no city funds pledged and no city liability for repayment.

City Council· posted Sep 15Motion$275M

A nonprofit borrower wants to use up to $275 million in tax-exempt bonds to build and improve elder care facilities on Colfax Avenue in Studio City. Councilmember Nithya Raman moved that the Council review the September 2, 2026 public hearing minutes and adopt a resolution allowing the California Municipal Finance Authority to issue the bonds.

What happens next

City Council consideration of the resolution approving the bond issuance

How the Council voted on this file
Yes No Absent
  1. 13–0–2

    Motion seeks City Council sign-off on $275 million in bonds for Studio City elder care

    Council File 26-1325
Named in this record
Official portrait of Nithya Raman
Nithya Raman

Photo: Brion VIBBER, CC BY-SA 3.0, via Wikimedia Commons

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