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________________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ July 25, 2016 <br />PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 7 <br /> A. Public Hearing on Issuance of Tax Exempt Bonds for the Hallmark <br />House Apartments and Resolution Approving the Issuance of Bonds <br /> (404) <br /> <br />1. Staff Report; <br /> <br />2. Open public hearing; <br /> <br />Mayor Seybert opened the public hearing. <br /> <br />3. Hear public comment - None <br /> <br />4. Close public hearing; <br /> <br />M/S Borgens/Gee to close public hearing. Motion carried <br />unanimously by voice vote. <br /> <br />5. Council discussion; <br /> <br /> Recommendation: <br />1. Conduct a Tax Equity and Fiscal Responsibility Act Hearing in <br />consideration of the issuance of tax exempt bond financing by the California <br />Statewide Communities Development Authority for the benefit of KDF <br /> Hallmark LP, to provide financing for the acquisition, rehabilitation, <br />improvement, and equipping of a 72-unit multifamily rental housing project <br />generally known as Hallmark House Apartments <br /> <br />2. Adopt a resolution approving the issuance of Bonds by the California <br />Statewide Communities Development Authority not to exceed $15,000,000, <br />for the benefit of KDF Hallmark LP, to provide financing for the acquisition, <br />rehabilitation, improvement, and equipping of a 72-unit multifamily rental <br />housing project generally known as Hallmark House Apartments <br /> <br />RESOLUTION NO. 15514 OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br />CITY APPROVING THE ISSUANCE BY THE CALIFORNIA STATEWIDE <br />COMMUNITIES DEVELOPMENT AUTHORITY OF MULTIFAMILY HOUSING <br />REVENUE BONDS FOR THE HALLMARK HOUSE APARTMENTS <br /> <br />M/S Aguirre/Gee to conduct a Tax Equity and Fiscal Responsibility Act <br />Hearing in consideration of the issuance of tax exempt bond financing by the <br />California Statewide Communities Development Authority for the benefit of <br />KDF Hallmark LP, to provide financing for the acquisition, rehabilitation, <br />improvement and equipping of a 72-unit multifamily rental housing project <br />generally known as Hallmark House Apartments and adopt a resolution <br />approving the issuance of Bonds by the California Statewide Communities <br />6.1.F. - Page 7