City Council

10. TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF 1982 HEARING TO APPROVE THE\nISSUANCE OF $65 MILLION IN TAX EXEMPT FINANCING BY THE CALIFORNIA\nMUNICIPAL FINANCE AUTHORITY FOR THE BENEFIT OF NCCD - CLAREMONT\nPROPERTIES LLC (KECK GRADUATE INSTITUTE OF APPLIED SCIENCES)\nRecommendation: Staff recommends that the City Council adopt A RESOLUTION OF THE CITY\nCOUNCIL OF THE CITY OF CLAREMONT, CALIFORNIA, APPROVING THE\nISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY\nUNIVERSITY HOUSING REVENUE REFUNDING BONDS (NCCD -\nCLAREMONT PROPERTIES LLC - CLAREMONT COLLEGES PROJECT)\nSERIES 2023A AND SERIES 2023B (FEDERALLY TAXABLE) IN AN\nAGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $65,000,000 FOR\nTHE PURPOSE OF FINANCING AND REFINANCING THE ACQUISITION,\nCONSTRUCTION, IMPROVEMENT AND/OR EQUIPPING OF VARIOUS\nEDUCATIONAL, STUDENT, FACULTY, AND STAFF HOUSING AND\nADMINISTRATIVE FACILITIES BY NCCD - CLAREMONT PROPERTIES\nLLC, AND CERTAIN OTHER MATTERS RELATING THERETO.\nAttachment(s): Resolution