Motion seeks City Council sign-off on $16 million bond for Ararat Charter School
The bonds would be repaid by the school, not the city, and would fund buildings on Friar Street and Victory Boulevard.
Ararat Charter School would borrow up to $16 million through a state authority to buy, improve and equip school buildings in Van Nuys, with no city funds pledged and repayment coming solely from the school. Councilmember Imelda Padilla moved for a required public hearing and approval at the November 3, 2026 Council meeting.
What happens next
Public hearing and resolution at the City Council meeting · Nov 3
How the Council voted on this file
Yes No Absent
- 12–0–3
Motion seeks City Council sign-off on $16 million bond for Ararat Charter School
Council File 26-1546Item 3 · Nov 3 meetingContinued
Named in this record
- Ararat Charter School
- California Enterprise Development Authority
Imelda Padilla14- Los Angeles City Council 249
- 14701 Friar Street
- 14704 Victory Boulevard
Imelda Padilla
Photo: Brion VIBBER, CC BY-SA 3.0, via Wikimedia Commons
