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AgdaPkt 2019-02-25 Joint SA PFA
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AgdaPkt 2019-02-25 Joint SA PFA
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Last modified
10/2/2020 10:15:52 AM
Creation date
2/21/2019 5:32:56 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
2/25/2019
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6.1. - Page 5 of 8 <br />2. Waive second reading and adopt an ordinance regarding the publication of a <br />Notice of Public Hearing on the budget. <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br />6.G. Approve Draft Minutes from January 28, 2019 Council Meeting <br />(Muff 301) MO 19-026 <br />6.H. Approve claims and checks from February 11 -February 25 and the usual and <br />necessary payments through February 25, 2019 (Muff 303) MO 19-027 <br />7. PUBLIC HEARINGS <br />7.A. Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing regarding issuance of <br />Tax Exempt Bonds by the California Statewide Communities Development <br />Authority (CSCDA) for the Hallmark House Apartments and resolution <br />approving the issuance of bonds (Muff 404) Reso 15737 <br />Bond Counsel James Hamill of California Statewide Communities Development <br />Authority made a presentation. <br />Mayor Bain opened the Public Hearing. <br />Public Comment: <br />• John Burtt <br />M/S Masur/Aguirre to close the Public Hearing passes unanimously by voice <br />vote. <br />Recommendation: <br />1. Conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing in <br />consideration of the issuance of tax exempt bond financing by the California <br />Statewide Communities Development Authority (CSCDA) for the benefit of <br />Hallmark 2017, L.P., to provide financing for the acquisition, rehabilitation, <br />improvement, and equipping of a 72 -unit affordable multifamily rental housing <br />project generally known as Hallmark House Apartments. <br />2. Adopt a resolution approving the issuance of Bonds by the CSCDA not to <br />exceed $25,000,000, for the benefit of Hallmark 2017, L.P., to provide financing <br />for the acquisition, rehabilitation, improvement, and equipping of a 72 -unit <br />affordable multifamily rental housing project generally known as Hallmark <br />House Apartments. <br />CEQA: <br />This is not a project under California Environmental Quality Act (CEQA) <br />Page 4 of 7 <br />110 <br />
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