Finance Committee of the City of Pasadena Special Meeting
The Finance Committee discussed the authorization of agreements to accept Federal Community Project Funding and a sub-recipient agreement with Pasadena City College for a new job creation and training facility, along with associated budget amendments. The committee also considered a contract for the Workforce Innovation Opportunity Act program, involving budget adjustments and the authorization of new staff positions. Finally, the quarterly investment report for the period ending June 30, 2026, was reviewed, and the committee considered establishing a new day and time for regular meetings.
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The Finance/Audit Committee addressed several financial items, including the adoption of an ordinance authorizing the issuance of Electric Revenue/Refunding Bonds, 2026A Series, not to exceed $104,000,000. Additionally, the committee reviewed an agreement with the Pasadena Community Foundation for the 'TB Clear' program, and a construction contract with Elegant Construction, Inc. for the Police Department Heliport facility. Informational items included auditor communications, an update on Measure ER funding, and the fourth-quarter monitoring report for the FY 2026 Capital Improvement Program.
Jun 8, 2026·Board meeting
Finance Committee Regular Meeting
The committee discussed the amendment of the Fiscal Year 2026 Capital Improvement Program Budget, which included adjustments to several projects and funding sources, resulting in a net budget increase. Additionally, the committee considered the annual readoption of the Investment Policy and Investment Strategy for Fiscal Year 2026-2027, highlighting the inclusion of new provisions regarding Environmental, Social, and Governance (ESG) criteria which prohibit investments in companies involved in fossil fuel production, weapons manufacturing, tobacco, or private prisons.
May 11, 2026·Board meeting
City of Pasadena City Council Regular Meeting Minutes
The City Council conducted a regular meeting covering numerous administrative and legislative items. Key actions included the approval of several contracts for public works projects, sewer pump station modernization, and water system support services. The Council also accepted a Youth Service Corps grant and authorized subcontracts, reviewed proposals for traffic signal infrastructure, and initiated an ethical investment policy amendment regarding ESG standards. Additionally, the Council addressed ordinances concerning city council compensation and term limits for advisory boards and commissions, and completed an appointment process for the Pasadena Rental Housing Board.
