Los Angeles
City Council
Agenda Item 1
(1) 19-0899 CD 9 MOTION (PRICE - RAMAN) and RESOLUTION relative to the issuance of Multifamily Housing Revenue Bonds to finance the new construction of the 60-unit multifamily housing project known as Marcella Gardens Apartments project located at 6714 South Main Street; 6722 South Main Street; 115 East 68th Street; 121 East 68th Street; 125 East 68th Street; and 129 East 68th Street in Council District Nine. Recommendations for Council action, SUBJECT TO APPROVAL OF THE MAYOR: CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on December 27, 2023 for the Marcella Gardens Apartments. ADOPT the accompanying TEFRA RESOLUTION, attached to the Council file, approving the issuance of bonds in an amount not to exceed $19,875,000 for the new construction of a 60-unit multifamily housing project located at 6714 South Main Street; 6722 South Main Street; 115 East 68th Street; 121 East 68th Street; 125 East 68th Street; and 129 East 68th Street in Council District Nine. Motion (Price - Raman) dated 1-16-24 Mayor ConcurrenceCouncil Action 09_14_2020 Attested Resolution 09_14_2020 Report from Homelessness and Poverty Committee 08_27_2020 Report from City Administrative Officer 08_10_2020 Report from Housing and Community Investment Department 07_24_2020 Attested Resolution 08_22_2019 Mayor ConcurrenceCouncil Action 08_19_2019 Speaker Card(s) 08_13_2019 Motion 08_09_2019