City Council

10.\n25-801\nConduct a Tax and Equity Fiscal Responsibility Act (TEFRA) Public\nHearing for the Pelican Harbor Apartments; Adopt Resolution No.\n2025-65 Approving the Issuance of the California Municipal Finance\namount not to exceed $20,000,000 for the Pelican Harbor\nApartments; and Approve Amendments to Affordable Housing\nAgreements\nRecommended Action:\nA) Conduct the TEFRA public hearing pursuant to federal law.\nB) Adopt Resolution No. 2025-65, “A Resolution of the City Council of the City of\nHuntington Beach Approving the Issuance of the California Municipal Finance Authority\nExempt Facility Bonds in an Aggregate Principal Amount Not to Exceed $20,000,000 for\nthe Purpose of Refinancing the Acquisition, Construction, Improvement and Equipping of\nPelican Harbor (Formerly Referred to as Huntington Beach Senior Housing) and Certain\nOther Matters Relating Thereto” (Attachment 1) .\nC) Adopt First Amendment to Affordable Housing Agreement (Attachment 2).\nD) Adopt First Amendment to Amended and Restated Agreement Containing Covenants\n(Attachment 3).\nOctober 21, 2025\nE) Adopt First Amendment to City HOME Promissory Note (Attachment 4).\nF) Adopt First Amendment to City Inclusionary Housing Promissory Note (Attachment 5).\nG) Authorize the City Manager and Housing Authority Executive Director, or their\ndesignees, to execute the above documents.