City Council

(2) 23-0912 CD 7 MOTION (RODRIGUEZ - KREKORIAN) and RESOLUTION relative to the issuance of revenue bonds or other obligations for the acquisition, construction, improvement, furnishing, and equipping of an assisted living facility and nursing facility known as Ararat Assisted Living Facility and Ararat Nursing Facility, respectively, located at 15105, 15099, and 15155 Mission Hills Road in Council District 7. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: HOLD a Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) Hearing at the City Council meeting to be held on September 6, 2023 at 10:00 a.m., located at 200 North Spring Street, Room 340, Los Angeles, California 90012. ADOPT the accompanying TEFRA RESOLUTION, attached to the Council file, to allow the California Municipal Finance Authority to issue bonds in an amount not to exceed $12,000,000 to provide financing, refinancing, and/or reimbursement for the acquisition, construction, improvement, furnishing, and equipping of an assisted living facility and nursing facility located at 15105 Mission Hills Road, 15099 Mission Hills Road, and 15155 Mission Hills Road in Council District 7. Motion (Rodriguez - Krekorian) dated 8-29-23