City Council

15)\nTAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) HEARING TO CONSIDER THE\n15)\nTAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) HEARING TO CONSIDER THE\nISSUANCE OF TAX-EXEMPT BONDS FOR EMANATE HEALTH QUEEN OF THE VALLEY\nHOSPITAL\nIt is recommended that the City Council:\n1. Conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing in consideration of\nthe issuance of tax-exempt bond financing by the California Statewide Communities\nDevelopment Authority for the benefit of Emanate Health .\n2. Adopt the following Resolution:\nRESOLUTION NO. 2025-42 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY\nOF WEST COVINA, CALIFORNIA, APPROVING THE ISSUANCE OF THE\nCALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY REVENUE\nBONDS (EMANATE HEALTH), SERIES 2025 IN AN AGGREGATE PRINCIPAL\nAMOUNT NOT TO EXCEED $90,000,000 FOR THE PURPOSE OF FINANCING\nAND/OR REFINANCING THE ACQUISITION, CONSTRUCTION, EQUIPPING,\nIMPROVEMENT , RENOVATION, REHABILITATION AND/OR REMODELING\n(INCLUDING BY REIMBURSING EXPENDITURES MADE FOR SUCH PURPOSES) OF\nHOSPITAL, HEALTH CARE AND RELATED FACILITIES AND CERTAIN OTHER\nMATTERS RELATING THERETO