CONDUCT A PUBLIC HEARING UNDER THE TAX AND EQUITY FISCAL RESPONSIBILITY ACT (“TEFRA”) ON APRIL 15, 2024 IN CONNECTION WITH THE PROPOSED ISSUANCE OF REVENUE BONDS BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY (THE “CMFA”), A JOINT EXERCISE OF POWERS AUTHORITY AND PUBLIC ENTITY OF THE STATE OF CALIFORNIA, IN AN AMOUNT NOT TO EXCEED $50,000,000, (THE “BONDS”), TO FINANCE AND REFINANCE THE COSTS OF THE ACQUISITION AND REHABILITATION OF AN 86-UNIT QUALIFIED RESIDENTIAL RENTAL PROJECT (THE “PROJECT”) LOCATED AT 2838 GIANT ROAD WITHIN THE CITY (THE “PROJECT”) AND CONSIDER ADOPTING RESOLUTION TO BECOME A MEMBER OF THE CMFA AND TO APPROVE THE FINANCING OF THE PROJECT BY THE CMFA. CEQA: This proposed action is not a project as defined by CEQA

Committee

City Council

Introduced

March 21, 2024

On agenda

April 15, 2024

Passed

April 15, 2024

Enactment no.

RES 2024-053

Where it was heard

City Council Apr 15, 2024 Adopted Pass

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