City Council

(38)\n21-0241-S1\nCD 13\nMOTION (SOTO-MARTINEZ - JURADO) and RESOLUTION relative\nto the issuance of bonds for a 187-unit multifamily housing\ndevelopment known as Santa Monica & Vermont Apartments (Project)\nlocated at 1021 North Vermont Avenue (formerly known as 4718 West\nSanta Monica Boulevard) in Council District (CD) 13.\nRecommendations for Council action, SUBJECT TO THE APPROVAL\nOF THE MAYOR:\n1. CONSIDER the results of the Tax Equity and Fiscal\nResponsibility Act of 1982 (TEFRA) public hearing held on\nAugust 19, 2025 for the Project, attached to the Motion.\n2. ADOPT the accompanying TEFRA RESOLUTION, attached to\nthe Motion, approving the issuance or reissuance of bonds in an\namount not to exceed $73,000,000, to finance and/or refinance\nthe acquisition, construction, rehabilitation, and equipping of a\n187-unit multifamily housing development known as Santa\nMonica & Vermont Apartments located at 1021 North Vermont\nAvenue in CD 13.