Culver City
The City Redevelopment Agency adopted resolutions Monday stating its intent to sell bonds for a parking structure at Culver Center, a 190-unit apartment building in the area of Jefferson Boulevard and Slauson Avenue and a 100-unit housing facility at the western side of Overland Avenue north of Culver Boulevard and south of Oregon Avenue.
The agency wanted to leave open its options for using the bonds, which are tax exempt under federal law, at a later date. It is believed the resolutions will allow the agency to sell the bonds even if, as expected, Congress abolishes this type of financing.
The resolution does not obligate the agency to issue the bonds.
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