City Council

(13) 25-0256 CD 1 CONTINUED CONSIDERATION OF MOTION (HERNANDEZ - RODRIGUEZ) and RESOLUTION relative to issuing one or more series of revenue bonds or notes in an aggregate principal amount not to exceed $55,000,000 (Obligations) to finance and/or refinance the acquisition, rehabilitation, improvements, renovation, furnishing, and equipping of a 238-unit multifamily rental housing project at 1501 Miramar Street in Council District One. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. CONSIDER the results, attached to the Motion, of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), public hearing held on September 17, 2024. 2. ADOPT the accompanying RESOLUTION, attached to the Motion, to allow the California Municipal Finance Authority to issue revenue bonds or notes in an aggregate principal amount not to exceed $55,000,000 to finance and/or refinance the acquisition and rehabilitation of the 238-unit multifamily rental housing project at 1501 Miramar Street in Council District One. (Continued from Council meeting of March 14, 2025) Items for which Public Hearings Have Been Held