City Council

(4) 23-1015 CD 3 MOTION (BLUMENFIELD - RODRIGUEZ) and RESOLUTION relative to the issuance of revenue bonds or other obligations for the acquisition, construction, development, and equipping of a 100-unit qualified residential rental project located at 23036 - 23060 Ventura Boulevard in Council District 3. 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 Tuesday, September 26, 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 $50,000,000 for the purpose of financing or refinancing the acquisition, construction, development and equipping of a 100-unit qualified residential rental project to be owned and operated by the Borrower and located at 23036-23060 Ventura Boulevard in Council District 3. Motion (Blumenfield - Rodriguez) dated 9-19-23