CC MIN 2019-02-11 Closed and Joint SA PFA

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2. Waive second reading and adopt an ordinance regarding the publication of a Notice of Public Hearing on the budget. CEQA: This is not a project under California Environmental Quality Act (CEQA) 6.G. Approve Draft Minutes from January 28, 2019 Council Meeting (Muff 301) MO 19-026 6.H. Approve claims and checks from February 11 -February 25 and the usual and necessary payments through February 25, 2019 (Muff 303) MO 19-027 7. PUBLIC HEARINGS 7.A. Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing regarding issuance of Tax Exempt Bonds by the California Statewide Communities Development Authority (CSCDA) for the Hallmark House Apartments and resolution approving the issuance of bonds (Muff 404) Reso 15737 Bond Counsel James Hamill of California Statewide Communities Development Authority made a presentation. Mayor Bain opened the Public Hearing. Public Comment: • John Burtt M/S Masur/Aguirre to close the Public Hearing passes unanimously by voice vote. Recommendation: 1. Conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing in consideration of the issuance of tax exempt bond financing by the California Statewide Communities Development Authority (CSCDA) for the benefit of Hallmark 2017, L.P., to provide financing for the acquisition, rehabilitation, improvement, and equipping of a 72 -unit affordable multifamily rental housing project generally known as Hallmark House Apartments. 2. Adopt a resolution approving the issuance of Bonds by the CSCDA not to exceed $25,000,000, for the benefit of Hallmark 2017, L.P., to provide financing for the acquisition, rehabilitation, improvement, and equipping of a 72 -unit affordable multifamily rental housing project generally known as Hallmark House Apartments. CECA: This is not a project under California Environmental Quality Act (CECA) Page 4 of 7