City Council

(3) 20-1306 CD 10 HOUSING AND HOMELESSNESS COMMITTEE REPORT and RESOLUTION relative to issuing supplemental tax-exempt multifamily conduit revenue notes in an amount up to $575,000; and executing related financing documents for the Solaris Apartments Supportive Housing Project located at 1141-1145 Crenshaw Boulevard in Council District 10. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: NOTE and FILE the Los Angeles Housing Department (LAHD) report dated December 6, 2022, attached to Council file No. 20-1306, relative to the issuance of supplemental tax-exempt multifamily conduit revenue notes for the Solaris Apartments Project. ADOPT the accompanying RESOLUTION attached to the City Administrative Officer (CAO) report dated January 12, 2023, attached to Council file No. 20-1306, authorizing the issuance of up to $575,000 in supplemental tax-exempt multifamily conduit revenue notes for the Solaris Apartments Project. AUTHORIZE the General Manager, LAHD, or designee, to negotiate and execute the relevant financing documents for the Solaris Apartments Project, subject to the approval of the City Attorney as to form.