Culver City : Bond Issue Being Prepared

City officials and the securities firm Stone & Youngberg are preparing a $160-million bond issue to refinance existing debt and provide additional money to build the new City Hall and other projects.

Bill Huck, an investment banker with the firm, said the refinancing will save the city a substantial amount of interest expense. Of the $160 million, $25 million will be earmarked for the City Hall project.