City Council

(11) 21-0693 CD 13 MOTION (SOTO-MARTINEZ - RAMAN) relative to issuing Multifamily Housing Revenue Bonds, in an amount not to exceed $17,000,000, to finance the new construction of the 52-unit multifamily housing development known as Rousseau Residences (Project) located at 316 North Juanita Avenue in Council District Thirteen (CD 13). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on September 26, 2024, attached to the Motion for the Project. 2. ADOPT the accompanying TEFRA RESOLUTION, attached to the Motion, approving the issuance of bonds in an amount not to exceed $17,000,000 for the new construction of the 52-unit multifamily housing development Project located at 316 North Juanita Avenue in Council District Thirteen.