LA County Board

1-D. Resolutions to Issue Supplemental Multifamily Housing Mortgage Revenue\nNotes to Finance the Development of the West Carson Villas Project\nRecommendation as submitted by Supervisor Mitchell: Adopt and instruct the\nChair to sign resolutions declaring the Los Angeles County Development\nAuthority’s (LACDA’s) reasonable official intent to reimburse prior expenditures\nof the West Carson Villas Project (Project) with proceeds of a subsequent\nborrowing, approving the plan of financing for the Project and the Notes in\nconnection with Section 147(f) of the Internal Revenue Code of 1986, and\nauthorizing the issuance, sale and delivery of supplemental tax-exempt\nmultifamily housing mortgage revenue Notes in an aggregate principal amount\nnot to exceed $700,000, to finance the site acquisition, construction,\nrehabilitation, or development of West Carson Villas, a 111-unit multifamily\nrental housing development, located at 22801-22905 South Vermont Avenue in\nunincorporated West Carson; authorize the Executive Director of the Los\nAngeles County Development Authority to negotiate, execute, and if necessary,\namend or terminate all related documents and take all necessary actions for the\nissuance, sale, and delivery of the Notes; and find that approval of these actions\nis not subject to the California Environmental Quality Act. (Relates to Agenda\nNo. 4) (24-5613)\nVI. GENERAL PUBLIC COMMENT 62