| May 14, 2012
| 4:29 PM
Interest rates for bonds sold to construct a new transit center at Bob Hope Airport came in lower than expected, reducing the annual debt obligation by more than $1.25 million, officials reported Monday.
About a half hour later, the Burbank-Glendale-...
| Jul 14, 2010
Like a lot of people these days, Josh Ledebur struggles to pay his mortgage. What makes this schoolteacher's story unexpected is that he's participating in a city affordable-housing program.
Ledebur is asking the city to change terms of his affordable-...
| Aug 12, 2014
| 5:01 PM
The owner of a Glendale BMW dealership and the children of a deceased man who once owned a portion of the property on Brand Boulevard on which it sits are embroiled in multiple legal battles relating to his wills as well as alleged elder abuse.
| Sep 12, 2013
| 5:09 PM
Glendale’s portfolio continues to slide, but City Treasurer Rafi Manoukian forecast an uptick in interest rates around the corner, which bodes well for Glendale’s investment opportunities.
The city’s investment portfolio sank to $372...
| Sep 19, 2013
| 8:14 AM
The City Council this week approved issuing $60 million in bonds for electricity-related capital improvements, a move that will cost city coffers about $3 million a year in principle and interest payments.
The bonds, which were already incorporated into...
| Jul 25, 2013
| 1:25 PM
The City Council decided this week to eschew a competitive bidding process to refinance nearly $87 million worth of bonds because officials feared the issuance would have no takers if they went the traditional route.
But the decision didn’t come...
| Nov 16, 2012
| 3:08 PM
City Treasurer Ron Borucki acknowledged there were “no surprises” when he issued yet another dismal report for the city’s investment portfolio this week at City Hall.
“Balances are down, rate of return slipped a basis point and...
| Apr 18, 2013
| 12:57 PM
Rep. Adam Schiff (D-Burbank) on Thursday expressed just as much disappointment regarding the suspension of the annual open house at NASA's Jet Propulsion Laboratory as just about everyone else in the science community.
The Los Angeles Times reported...
| Apr 23, 2013
| 7:42 AM
Bracing for “significant impacts” to funding for public outreach programs next year, the Jet Propulsion Laboratory decided to cancel its hugely popular open house in June. The cost savings? Roughly $400,000 for the two-day event.
| Sep 20, 2012
| 5:24 PM
The City Council this week took one of the first steps to issuing and refinancing tens of millions of revenue bonds for Glendale Water & Power, which officials say needs more resources to complete deferred capital improvements.
The city plans to issue...
| Feb 28, 2013
| 9:21 PM
Several bond-rating agencies this week warned that without an increase in electric rates this year, Glendale Water & Power could face a downgrade due to its weak financial performance.
The warnings come weeks before a City Council election in which three...
| Feb 22, 2013
| 11:37 AM
Halfway into the fiscal year and things look grim for gains in Glendale’s investment portfolio.
“Where I thought that the bottom was last year, let’s just say that these certainly are challenging times,” said City Treasurer Ron...