City Council

1. ATIVO SENIOR LIVING OF SANTA CLARITA TAX EQUITY AND FISCAL\nRESPONSIBILITY ACT (TEFRA) HEARING - Consideration of a Tax Equity and\nFiscal Responsibility Act resolution approving the proposed financing for the benefit of\nISF Ativo Holdings LLC, sole member of which is Integrated Senior Foundation, a\n501(c)(3) corporation, through the issuance of revenue bonds by the California Municipal\nFinance Authority.\nRECOMMENDED ACTION:\nCity Council conduct a public hearing and adopt a Tax Equity and Financial\nResponsibility Act resolution approving the issuance of tax-exempt obligations by the\nCalifornia Public Finance Authority in an aggregate principal amount not to exceed $130\nmillion and by Arizona Industrial Development Authority in an aggregate principal\namount not to exceed $170 million to finance or reimburse the acquisition and\nconstruction costs by ISF Ativo Holdings LLC of a 140-bed rental senior living\ncommunity.