Operator
Good morning, and welcome to Rexnord First Quarter 2021 Earnings Results Conference Call with Todd Adams, Chairman, President and Chief Executive Officer; and Mark Peterson, Senior Vice President and Chief Financial Officer. This call is being recorded and will be available on replay for a period of two week. The phone numbers for the replay can be found in the earnings release the company filed 8-K with the SEC yesterday, April 27th.
At this time, for opening remarks and introduction, I will turn the call over to Mark Peterson.
Mark W. Peterson
Senior Vice President and Chief Financial Officer
Print
Los Angeles City Councilman John Lee is again battling plans for a homeless housing project along Topanga Canyon Boulevard in Chatsworth, more than a year after the council voted to approve funding for the development.
Lee recently put forward a proposal to yank money being allocated for the Chatsworth project under Proposition HHH, a $1.2-billion bond measure approved by voters. The rescinded funds should instead be earmarked for “an innovative project proposal” in his district that could be built more quickly and at a lower cost, Lee stated.
As it stands, more than $7 million is slated to be allocated from the HHH program for the Topanga Canyon Boulevard development, according to the housing department. The city attorney’s office declined to comment on whether there would be any legal barrier to rescinding the HHH funds for the project.
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Lennox International First Quarter 2021 Earnings Conference Call.
[Operator Instructions] As a reminder, this call is being recorded. I would now like to turn the conference over to Steve Harrison, Vice President of Investor Relations. Please go ahead.
Steve L. Harrison
Vice President, Investor Relations
Good morning. Thank you for joining us for this review of Lennox International s financial performance for the first quarter of 2021. I m here today with Chairman and CEO, Todd Bluedorn; and CFO, Joe Reitmeier. Todd will review key points for the quarter and Joe will take you through the company s financial performance and outlook for 2021.
Operator
Good day and thank you for standing by. Welcome to the Q1 2021 Pentair Earnings Conference Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Jim Lucas. Thank you. Please go ahead.
James C. Lucas
Senior VP of IR & Treasurer
Thanks, Stephanie, and welcome to Pentair s First Quarter 2021 Earnings Conference Call. We re glad you could join us. I m Jim Lucas, Senior Vice President, Treasurer, FP&A and Investor Relations. With me today is John Stauch, our President and Chief Executive Officer; and Bob Fishman, our Chief Financial Officer. On today s call, we will provide details on our first quarter performance, as outlined in this morning s press release. Before we begin, let me remind you that any statements made about the company s anticipated financial results are forward-looking statements subject to future risks and uncertainties such as the risks outlined in Pentair s most recent Form 10-Q, Form 10-K and today s press