City Council

7.\nTAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) HEARING REGARDING BONDS FOR\nNEIGHBORHOOD HEALTHCARE’S PURCHASE OF PROPERTY AT 488 EAST VALLEY PARKWAY\nRequest the City Council conduct a public hearing and adopt Resolution 2025-146 approving issue of revenue obligations in an amount not to exceed $32,000,000 by the California Enterprise Development\nAuthority (“CEDA”) to Neighborhood Healthcare, and/or a related or successor entity (the “Borrower”),\nat 488 East Valley Parkway in Escondido (“Project”).\nStaff Recommendation: Approval (Development Services Department: Christopher McKinney, Deputy\nCity Manager/Interim Director of Development Services)\nPresenter: Christopher McKinney, Deputy City Manager/Interim Director of Development Services\na) Resolution No. 2025-146