LA County Board

2. Adopt Resolution Approving the Deemed Reissuance of Tax-Exempt\nMultifamily Housing Mortgage Revenue Notes for Multifamily Housing in El\nMonte\nRecommendation as submitted by Supervisor Solis: Adopt and instruct the\nChair to sign a resolution, as required under Section 147(f) of the Internal\nRevenue Code of 1986, approving the deemed reissuance of Multifamily\nHousing Mortgage Revenue Notes and related actions, in an aggregate amount\nnot to exceed $7,609,603, which will be deemed to refinance a portion of the\ncost of the acquisition, construction and development of Ramona Metro Point, a\nmultifamily rental housing development consisting of 51 units located at 11016\nRamona Boulevard, also known as 3436 and 3454 Tyler Avenue, in the\nincorporated City of El Monte; and find that approval of these actions is not\nsubject to the California Environmental Quality Act. (24-5609)