26-0207

HEARING - Planning and Building Department, Affordable Housing Unit, recommending the Board consider the following: 1) Conduct a public hearing under the requirements of the Tax and Equity Fiscal Responsibility Act (TEFRA) in connection with the proposed issuance of one (1) or more series of tax-exempt and/or taxable of revenue bonds by the California Municipal Finance Authority (CMFA), a joint exercise of powers authority and public entity of the State of California, in an amount not-to-exceed $12,000,000, to: a) Finance or refinance the acquisition, construction, improvement, and equipping of Diamond Village Apartments II, a multifamily rental housing project to be located at 750 Black Rice Road, Placerville, El Dorado County, California; and b) Pay certain expenses incurred in connection with the issuance of the Bonds. 2) Adopt and authorize the Chair to sign Resolution 054-2026 approving the issuance of the Bonds by the CMFA for the benefit of Diamond Village Apartments II, LP (Borrower), to provide for the financing of the Project, such adoption is solely for the purposes of satisfying the requirements of TEFRA, the Code and the California Government Code Section 6500 (and following); and 3) Approve the deposit of the issuance fee paid to the County by CMFA to the Affordable Housing Trust Fund. (District 3) FUNDING: California Municipal Finance Authority.

Agenda Item Approved Introduced January 15, 2026

Where it was heard