Summary

Council approves major bond issue

Huntington BeachFeb 3, 20263 min read

At a glance

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The City Council approved a TEFRA public hearing and adopted Resolution No. 2026-03 authorizing the California Public Finance Authority to issue up to $325,000,000 in revenue bonds for The Marisol senior living project at 2120 Main St.

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Economic Development Community Development

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City Council/Public Financing Authority

Topics discussed

Budget & TaxHousing

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What this means

The Council allowed a financing step for The Marisol, a rental senior living community planned for 2120 Main St. The approval does not mean the city is issuing the bonds itself, but it clears the way for the California Public Finance Authority to move forward with bond financing for the project. The meeting record says no one spoke during the public hearing on this item.

Key decisions

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Held the required public hearing under TEFRA and the Internal Revenue Code for the proposed bond financing.
Adopted Resolution No. 2026-03 approving a joint exercise of powers agreement and authorizing up to $325,000,000 in revenue bonds for Marisol HB, LLC for The Marisol project.

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Meeting information

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City Council/Public Financing Authority

Feb 3, 2026, 6:00 PMCouncil Chamberscompleted

4:30 PM - Closed Session 6:00 PM - Regular Meeting Special Meetings of the Housing Authority, Parking Authority and Successor Agency

Agenda

4:30 PM - COUNCIL CHAMBERS
CALL TO ORDER
ROLL CALL
ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS (Received After Agenda Distribution)
PUBLIC COMMENTS - CLOSED SESSION ITEMS
RECESS TO CLOSED SESSION
CLOSED SESSION
CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION. (Paragraph (1) of subdivision (d) of Section 54956.9). People of the State of California/Bonta v. City of Huntington Beach, et al.; Case No. 30-2023-01312235-CU-WM-CJC.
CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION. (Paragraph (1) of subdivision (d) of Section 54956.9). Southwest Voter Registration Education Project, et al. v. City of Huntington Beach; OCSC Case No. 30-2024-01397379.
CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Gov. Code section 54956.8.) Property: 21 & 22 Main Street, Huntington Beach, CA 92648. Agency Negotiators: Travis Hopkins, City Manager; Marissa Sur, Assistant City Manager; Kriss Casanova, Economic Development Manager; Steve Holtz, Deputy Director of Community Development; Jennifer Villasenor, Director of Community Development. Negotiating parties: (Not Present) Surf City Partners, LLC. Under negotiation: Price and terms of lease/payment.
CONFERENCE WITH LABOR NEGOTIATORS (Gov. Code section 54957.6.) Agency designated representatives: Travis Hopkins, City Manager; also in attendance: Marissa Sur, Assistant City Manager; Mike Vigliotta, City Attorney and Zack Zithisakthanakul, Acting Chief Financial Officer. Employee Organization: Huntington Beach Police Officers’ Association (HBPOA).
CONFERENCE WITH LABOR NEGOTIATORS (Gov. Code section 54957.6.) Agency designated representatives: Travis Hopkins, City Manager; also in attendance: Marissa Sur, Assistant City Manager; Mike Vigliotta, City Attorney and Zack Zithisakthanakul, Acting Chief Financial Officer. Employee Organization: Police Management Association (PMA).
CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION. (Paragraph (1) of subdivision (d) of Section 54956.9). People of the State of California, et al. v. City of Huntington Beach, et al. (Voter ID); Case No. 30-2024-01393606.
CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION. (Paragraph (1) of subdivision (d) of Section 54956.9). Bixby (Mark) v. Lisa Lane Barnes, et al.; OCSC Case No.: 30-2023-01366664.
6:00 PM – COUNCIL CHAMBERS
RECONVENE CITY COUNCIL/PUBLIC FINANCING AUTHORITY MEETING, AND CALL TO ORDER THE SPECIAL MEETINGS OF THE HOUSING AUTHORITY, PARKING AUTHORITY AND SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF HUNTINGTON BEACH
ROLL CALL
INVOCATION
Huntington Beach Police Chaplain James Pike
PLEDGE OF ALLEGIANCE
John Vasquez, American Legion Post 133
CLOSED SESSION REPORT BY CITY ATTORNEY
CITY COUNCIL MEMBER COMMENTS (2-Minute Time Limit)
MAYOR'S SPOTLIGHT
Mayor’s Spotlight Presentation
BUSINESS HIGHLIGHT
Business Highlight Presentation
COMMUNITY EVENTS ANNOUNCEMENTS (1-Minute Time Limit) Limited to one representative, one announcement
AWARDS AND PRESENTATIONS
Presentation Honoring Officer Avalos and Retiring K9 Knight
ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS (Received After Agenda Distribution)
PUBLIC COMMENTS
COUNCIL COMMITTEE APPOINTMENT ANNOUNCEMENTS
AB 1234 REPORTING
OPENNESS IN NEGOTIATION DISCLOSURES
PUBLIC HEARING
Conduct a Tax Equity and Financial Responsibility Act public hearing and adopt Resolution No. 2026-03 approving, authorizing, and directing execution of a Joint Exercise of Powers Agreement relating to the California Public Finance Authority and approving the Issuance by the California Public Finance Authority of Revenue Bonds in an amount not to exceed $325,000,000 for Marisol HB, LLC, with no City obligations, as well as a Payment in Lieu of Taxes Agreement
CITY MANAGER'S REPORT
CONSENT CALENDAR (Items 14 - 23)
City Attorney
Consider adoption of Resolution No. 2026-04 Adopting a Revised City Council Manual
City Clerk
Approve and Adopt Minutes
City Manager
Update Mayor McKeon’s 2026 City Council Liaison List - Citizen Boards, Commissions, and Committees
Finance
Year-End Audit Results for the FY 2024/25 Annual Comprehensive Financial Report (ACFR)
Fire
Adopt Resolution No. 2026-02 Approving Application(s) for Whale Tail Grant Funds from the California Coastal Commission
Public Works
Approve Sole Source Procurement Request and Service Agreement with ReNewell Fleet Services, LLC for Fire Department Emergency Vehicle Maintenance, Annual Not-to-Exceed $200,000
Reject all bids for the City Gym and Pool Flooring Replacement, CC-1850
Accept the lowest responsive and responsible bid and authorize execution of a construction contract with Nobest, Inc. in the amount of $196,700 for the Residential Zone 3 Curb Ramp Project, CC-1838
Approve and Authorize Execution of Amendment No. 2 to the On-Call Professional Services Agreement with AESCO, Inc., to Increase the Not-to-Exceed Amount by $300,000 and Extend the Contract Term by One Year
Reject All Bids for Main Street Branch Library HVAC and Electrical Improvements (CC-1790) and Direct Staff to Re-Bid
ADMINISTRATIVE ITEMS
Authorize sponsorship of legislation related to Regional Housing Number Allocation (RHNA).
COUNCIL MEMBER ITEMS
Item Submitted by Councilman Chad Williams, Councilman Don Kennedy, and Councilman Andrew Gruel - Discussion on History and Status of Lease Agreement for 21 and 22 Main Street on Pier - Surf City Partners, LLC
ADJOURNMENT
The next regularly scheduled meeting of the Huntington Beach City Council/Public Financing Authority is Tuesday, February 17, 2026, in the Civic Center Council Chambers, 2000 Main Street, Huntington Beach, California.
INTERNET ACCESS TO CITY COUNCIL/PUBLIC FINANCING AUTHORITY AGENDA AND STAFF REPORT MATERIAL IS AVAILABLE PRIOR TO CITY COUNCIL MEETINGS AT http://www.huntingtonbeachca.gov
Note
Note

Council approves major bond issue

At a glance

Projects mentioned

Committees mentioned

Topics discussed

What this means

Key decisions

Timeline & follow-ups

Meeting information

City Council/Public Financing Authority

Agenda

Documents from this meeting

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