SUBJECT: Public Hearing Pursuant to the Tax and Equity Fiscal Responsibility Act (TEFRA) and Adoption of a Resolution Approving the Issuance of Revenue Bonds in an Amount Not to Exceed $17,000,000, of Which $6,500,000, Will be Allocated for the Golden Valley Health Centers Project in the City of Merced REPORT IN BRIEF Considers conducting a public hearing under the Tax and Equity Fiscal Responsibility Act (TEFRA) in connection with the proposed issuance of revenue bonds by the California Municipal Finance Authority (CMFA) in an amount not to exceed $17,000,000, of which approximately $6,550,000 will be allocable to a project in the city for the purpose of financing the acquisition of a practice management system at Golden Valley Heath Centers headquarters located at 737 West Childs Avenue, in the City of Merced, California. RECOMMENDATION City Council - Adopt a motion adopting Resolution 2019-65, a Resolution of the City Council of the City of Merced, California, approving the issuance of Revenue Bonds by the California Municipal Finance Authority in an aggregate principal amount not to exceed $17,000,000 for the purpose of financing the acquisition, construction, improvement and equipping of facilities for Golden Valley Health Centers and certain other matters relating thereto.

Public Hearing Item Passed Introduced September 25, 2019

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: September 25, 2019
On agenda: October 21, 2019
Passed: October 21, 2019