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7.A. - Page 3 of 6 <br />Bond proceeds. The City bears no liability with respect to the issuance of the Bonds. Further, the City is <br />not a party to any of the financing documents related to the Bond issuance and is not named in any of the <br />disclosure documents describing the Bonds or the proposed financing. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />PUBLIC NOTICE <br />A public hearing notice was published on January 30, 2020 in the San Mateo Daily Journal (Attachment <br />B). <br />ALTERNATIVES <br />The City Council could decide not to adopt the resolution, which would prevent the Borrower from <br />accessing essential bond financing to support existing affordable housing. <br />ATTACHMENTS <br />Attachment A - Resolution <br />Attachment B - TEFRA public hearing notice <br />REPORT PREPARED BY: <br />Alin Lancaster, Housing Leadership Manager <br />alancaster@redwoodcity.org <br />(650) 780-7299 <br />Alex Khojikian, Deputy City Manager <br />akhojikian@redwoodcity.org <br />(650) 780-7302 <br />APPROVED BY: <br />Melissa Stevenson Diaz, City Manager <br />Page 3 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />343 <br />