City Council

15.\nStaff recommends that the City Council:\n1) Conduct the public hearing under the requirements of\nTax and Equity Fiscal Responsibility Act (TEFRA) and the\nInternal Revenue Code of 1986, as amended (the “Code”);\nand\n2) Adopt a resolution approving a plan of finance including\nthe issuance of revenue bonds by the California Municipal\nFinance Authority in an aggregate principal amount not to\nexceed $75,000,000 to finance and refinance a qualified\nresidential rental project for the benefit of Olive Park\nApartments I, LP, a California Limited Partnership (or an\naffiliate), and certain other matters relating thereto.\n25-1182\nCity Council:\nA) Mayor opens public hearing\nB) Mayor requests disclosure of Councilmember and constituent contacts\nand correspondence\nC) Clerk presents correspondence and/or petitions\nD) Testimony beginning with Leilani Hines, Housing and Neighborhood\nServices Director\nE) Recommendation - adopt resolution