City Council

2.\nTHE MASTER'S UNIVERSITY AND SEMINARY TAX EQUITY AND FISCAL\nRESPONSIBILITY ACT (TEFRA) HEARING - Consideration of a Tax Equity and\nFiscal Responsibility Act resolution approving the proposed financing by The Master's\nUniversity and Seminary through the issuance of $65 million in tax-exempt bonds by the\nCalifornia Municipal Finance Authority.\nRECOMMENDED ACTION:\nCity Council conduct a public hearing and adopt a Tax Equity and Financial\nResponsibility Act resolution approving the issuance of tax-exempt obligations by the\nCalifornia Municipal Finance Authority in an aggregate amount not to exceed $65\nmillion.