File #: ID#20-064    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/11/2020 In control: City Council
On agenda: 2/25/2020 Final action: 2/25/2020
Title: Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing to Consider the Issuance of Tax-Exempt Bonds by the California Statewide Communities Development Authority (CSCDS) for the Salinas Pointe Apartments
Attachments: 1. 1-Staff Report - TEFRA Hearing for Salinas Pointe 2020, 2. 2-Resolution - TEFRA Hearing for Salinas Pointe Apartments

Title

Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing to Consider the Issuance of Tax-Exempt Bonds by the California Statewide Communities Development Authority (CSCDS) for the Salinas Pointe Apartments

Recommended Action

Conduct a Public Hearing in accordance with the Tax Equity and Fiscal Responsibility Act, and approve a Resolution approving the issuance of tax-exempt bonds in an amount not-to-exceed $35 million for the Project.