Truxtun Avenue Property Interfund Loan

At a glance

• What: an interfund loan of about $12.1 million, plus a transfer from the Capital Facility Reserve Fund, to complete the city's purchase of two properties on Truxtun Avenue and pay for tenant improvements.
• Where it stands: on the August 26 deferred business agenda as resolution RES 109-2026, with an updated resolution supplied by staff memorandum. The copy of the minutes ends before the motion and vote, so the outcome is not confirmed here.

Sources

• Minutes of 2026-08-05: https://docs.bakersfieldcity.us/WebLink/DocView.aspx?id=2000875&dbid=0&repo=CITYRECORDS (read from a scanned document)
• Minutes of 2026-08-26: https://docs.bakersfieldcity.us/WebLink/DocView.aspx?id=2000876&dbid=0&repo=CITYRECORDS (read from a scanned document)

Log

2026-08-26 - City Council

Deferred business item 10.a asked the Council to adopt a resolution approving an interfund loan of $12,100,000 to complete the acquisition and tenant improvements, to appropriate and transfer about $2,075,000 (figure partly illegible) from the Capital Facility Reserve Fund to the Capital Outlay Fund, and to appropriate the loaned funds to the Capital Outlay Fund. The assistant city clerk announced a staff memorandum with an updated resolution. City Manager Clegg gave staff comments with a presentation, and Finance Director McKeegan added comments. The vote is not in the available text.

2026-08-05 - City Council

A public speaker raised questions about the Truxtun Towers building; Koman asked staff to review the questions and respond. This appears related to the purchase.