City Council

(19) 23-0443 CD 8 COMMUNICATIONS FROM THE CITY ADMINISTRATIVE OFFICER (CAO) AND THE LOS ANGELES HOUSING DEPARTMENT (LAHD), AND RESOLUTIONS relative to considering the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) hearing minutes; and issuing tax-exempt multifamily conduit revenue notes in an amount up to $29,000,000 for the Ambrosia Apartments Housing Project located at 800-816 West 85th Street in Council District 8. A. COMMUNICATION FROM THE CAO Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: NOTE and FILE the LAHD report dated April 24, 2023, attached to Council file No. 23-0443, relative to the issuance of tax-exempt multifamily conduit revenue notes for the Ambrosia Apartments Housing Project. CONSIDER the results of the TEFRA hearing held on September 29, 2022 for the Ambrosia Apartments Housing Project contained in the CAO report dated May 10, 2023, attached to Council file No. 23-0443. ADOPT the accompanying RESOLUTION attached to the CAO report dated May 10, 2023, attached to the Council file, authorizing the issuance of up to $29,000,000 in tax-exempt multifamily conduit revenue notes for the Ambrosia Apartments Housing Project located at 800-816 West 85th Street in Council District 8. AUTHORIZE the General Manager, LAHD, or designee, to negotiate and execute the relevant financing documents for the Ambrosia Apartments Housing Project, subject to the approval of the City Attorney as to form. B. COMMUNICATION FROM THE LAHD Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: CONSIDER the TEFRA hearing minutes, provided as Attachment A, contained in the LAHD report dated April 25, 2023, attached to Council file No. 23-0443, held on September 29, 2022. ADOPT the accompanying RESOLUTION provided as Attachment B, contained in the LAHD report dated April 25, 2023, attached to the Council file, authorizing the issuance of up to $29,000,000 in tax-exempt multifamily conduit revenue notes for the Ambrosia Apartments Housing Project located at 800-816 West 85th Street in Council District 8. AUTHORIZE the General Manager, LAHD, or designee, to negotiate and execute the relevant financing documents for the Ambrosia Apartments Housing Project, subject to the approval of the City Attorney as to form.