The Los Angeles City Council on November 23, 2021, adopted a motion and resolution approving the California Enterprise Development Authority (CEDA) to issue revenue bonds not to exceed $11,000,000. These bonds will finance and/or refinance the acquisition, construction, installation, furnishing, and equipping of educational and ancillary facilities for Sierra Canyon School, a California nonprofit public benefit corporation. The facilities, located at 20801 Rinaldi Street in Chatsworth, California, include a multi-purpose performing arts center with a theater, dance, art, music, and broadcast studios. The bonds are payable solely from the borrower's revenues, with no city funds pledged, and the issuance complies with the Tax Equity and Fiscal Responsibility Act of 1982. The council's vote saw overwhelming support, with 14 'YES' votes and 1 'ABSENT'.