City of Lake Elsinore to Fund New City Hall Facility
On Tuesday, June 14, 2022, the City of Lake Elsinore (the "City") successfully sold $23.7 million of lease revenue bonds, generating $24.1 million in proceeds. The bonds are issued primarily to finance a new City Hall facility on a site adjacent to the existing city hall office at 130 South Main Street, financed over a 30-years at a true interest cost of 4.57%.