The City may sell the bonds at such times and in such manner as the Council deems to be in the public interest. In lieu of selling bonds by competitive or private sale, bonds may be sold by negotiated sale, provided the City makes the findings required by Los Angeles Administrative Code Section 11.5.1(b)(1)(III).
SECTION HISTORY
Added by Ord. No. 167,351, Eff. 11-23-91.
Amended by: Ord. No. 180,882, Eff. 10-26-09.