Costa Mesa Financing Authority Issues 2017 Lease Revenue Bonds

Advised Costa Mesa in connection with the issuance of $29.7M of lease revenue bonds, including $18.5M new money for the Lions Park Improvement Project and $11.2M in refinancing of the police facility bonds. The new money proceeds will be used to fund capital improvements at Lions Park, including a new two-story 20,000 square-foot library and the existing library will be renovated and repurposed as the Neighborhood Community Center. The project will also add one acre of programmed open space with an event lawn for a variety of family and educational events.