Please join us for a Community Workshop on Wednesday, September 30th at 6:00 p.m. in the Placentia Council Chambers to discuss the City’s efforts in refinancing its Unfunded Accrued Liability (UAL) with the California Public Employees’ Retirement System (CalPERS) via the issuance of Lease Revenue Bonds (LRB). The taxable municipal bond rates remain substantially lower than the 7% CalPERS is charging the City on its UAL. By refinancing its UAL, the City can realize substantial budgetary savings and better manage future pension costs.
The Community Workshop will be broadcast live on AT&T U-verse (Channel 99), Spectrum (Channel 3) and online at www.placentia.org/pctv. The PowerPoint presentation and handouts will be available online as well. Additional information about this Community Workshop will be forthcoming.