City Council

(34)\n25-1273\nCD 13\nMOTION (SOTO-MARTINEZ - RODRIGUEZ) and RESOLUTION\nrelative to the issuance or reissuance of bonds, in an amount not to\nexceed $22,150,000, to finance and/or refinance the acquisition,\nconstruction, rehabilitation, and equipping of a 64-unit multifamily\nhousing development known as Montecito II Senior Housing (Project)\nlocated at 6658 West Franklin Avenue in Council District 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\nSeptember 25, 2025 for the Project.\n2. ADOPT the accompanying TEFRA RESOLUTION, attached to\nthe Motion, approving the issuance or reissuance of bonds in an\namount not to exceed $22,150,000 to finance and/or refinance\nthe acquisition, construction, rehabilitation, and equipping of of\na 64-unit multifamily housing development located at 6658 West\nFranklin Avenue in Council District 13.