In September 2016, the Successor Agency Board approved the refinancing of certain outstanding tax allocation bonds. In connection with the issuance of bonds. In connection with the issuance of the bonds, the City Manager was authorized to execute Contracts for financial advisor and disclosure counsel. The City Attorney recommends that the contracts be amended due to a change in interpretation of law concerning contingent fees.
The activity will not result in a direct or reasonably foreseeable indirect physical change in the environment and the activity is not a project as defined in Section 15378 of the CEQA Guidelines, CCR, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly, or indirectly.