Recommendation to receive supporting documentation into the record regarding the Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing; and adopt resolution approving the issuance by the Board of Harbor Commissioners, on behalf of the City of Long Beach, of Series 2015 Senior Bonds, in an aggregate principal amount not to exceed $230,000,000, consisting of Harbor Revenue Refunding Bonds, in an aggregate amount not to exceed $80,000,000, and Harbor Revenue Bonds, in an aggregate amount not to exceed $150,000,000, secured by Harbor Department revenues.  (District 2)
Item 12. Report from Financial Management and Harbor Recommendation to receive supporting documentation into the record regarding the Tax Equity and Fiscal Responsibility Act. Public Hearing and adopt resolution approving the issuance of I'm sorry, issuance by the Board of Harbor Commissioners on behalf of the City of Long Beach Series 2015 Senior Bonds District two. Thank you. There's emotion in a second. Vice President Lowenthal, did you have any comments? This is your district. It's okay. It's technology. It's more it makes everything faster. Technology makes everything faster. I got it. I have to be faster about this. I just want to say that I support this and I think the maker. Oh, there you go. Thank you. I'll be more quick next time. Thank you. American Samoa. I do want to recognize that Steve Rubin, the chief financial officer for the Harvard Department, is here tonight to to support this. Thank you. Any public comment on the item? Mr. Hill. Larry could do quick as the address, notwithstanding the fact that we've got some stellar leadership within the board now, I think it makes eminent sense to hold off issuing these bonds until and particularly given the wildlife report that rates this city is the second worst managed city in the country, is to hold off until such time as we have the federal master that will oversee the city and replace the city manager. When you have a reputation. Of being the second worst city in the world. Oh, excuse me. In the countries West management in the country. It has to impact the rating of the bond. Period. And if you don't believe that, I would suggest you go talk to farmers and merchants or go talk to Jan Netherton, period. We will not clearly be able to get the rate we will once we have non buffoonery on the 13th floor which incidentally the definition of. Grossly ill ill educated. Is that have Webster's definition of other buffoon. And that's what we have in terms of the city management. So to get a better rate, it makes more sense to hold off until. The current mayor is in prison. We have a new mayor and a new city manager. Thank you. Thank you. Period. Very excited. I got to tell you. I'm going to start when I start talking like that, actually. Thank you, Madam Clerk. Next item, period. We need to take a vote. We need a vote. Vote, period. The members, please cast your vote. Council motion carries eight zero. Okay. Next item, please. Item 14 Report from Financial Management Recommendation to adopt resolution approving the annual and Five-Year Reports for the Transportation Improvement Fee. Parks and Recreation Facilities Fee, the fire facility impact fee. And the police facilities impact fee citywide.