City Council

9)\nTAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) HEARING TO\nCONSIDER THE ISSUANCE OF TAX-EXEMPT BONDS FOR EMANATE HEALTH\nQUEEN OF THE VALLEY HOSPITAL\nIt is recommended that the City Council:\n1. Conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing in consideration\nof the issuance of tax-exempt bond financing by the California Statewide\nCommunities Development Authority for the benefit of Emanate Health.\n2. Adopt the following Resolution:\nRESOLUTION NO. 2025-42 - A RESOLUTION APPROVING THE ISSUANCE OF\nBONDS BY THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT\nAUTHORITY NOT TO EXCEED $90,000,000, FOR THE BENEFIT OF EMANATE\nHEALTH, TO FINANCE AND/OR REFINANCE CAPITAL PROJECTS WITH\nRESPECT TO CERTAIN HEALTHCARE FACILITIES LOCATED IN THE CITY OF\nWEST COVINA\nDEPARTMENTAL REGULAR MATTERS