City Council

15. 24-862 Conduct a Tax Equity and Financial Responsibility Act public hearing\nand adopt Resolution No. 2025-05 approving, authorizing, and\ndirecting execution of a Joint Exercise of Powers Agreement\nrelating to the California Public Finance Authority and approving the\nIssuance by the California Public Finance Authority of Revenue\nBonds in an amount not to exceed $325,000,000 for Marisol HB, LLC,\nwith no City obligations, as well as a Payment in Lieu of Taxes\nAgreement\nRecommended Action:\nA) Conduct a public hearing under the requirements of TEFRA and the Internal Revenue\nCode in consideration of the issuance of tax-exempt bonds by the California Public\nFinance Authority (CalPFA) for the benefit of Marisol HB, LLC for the acquisition,\nconstruction, expansion, remodeling, renovation, improvement, furnishing, and /or\nequipping of a rental senior living community facility located generally at 2120 Main St.,\nHuntington Beach, CA, 92648, to be known as The Marisol; and,\nB) Adopt Resolution No. 2025-05, “A Resolution of the City Council of the City of\nHuntington Beach Approving, Authorizing and Directing Execution of a Joint Exercise of\nPowers Agreement Relating to the California Public Finance Authority and Approving the\nIssuance by the California Public Finance Authority of Revenue Bonds in an Aggregate\nPrincipal Amount Not to Exceed $325,000,000 to Benefit Marisol HB, LLC and Certain\nOther Matters Relating Thereto .”