City Council

13.\nConduct a Tax Equity and Financial Responsibility Act public hearing\nand adopt Resolution No. 2026-03 approving, authorizing, and\ndirecting execution of a Joint Exercise of Powers Agreement\nrelating to the California Public Finance Authority and approving the\nIssuance by the California Public Finance Authority of Revenue\nBonds in an amount not to exceed $325,000,000 for Marisol HB, LLC,\nwith no City obligations, as well as a Payment in Lieu of Taxes\nAgreement\nA) Conduct a public hearing under the requirements of TEFRA and the Internal Revenue\nConsider the issuance of tax-exempt bonds by the California Public Finance Authority (CalPFA) for the benefit of Marisol HB, LLC. These bonds will be used to acquire, construct, expand, remodel, renovate, improve, furnish, and equip a rental senior living community facility located at 2120 Main St., Huntington Beach, CA 92648. This facility will be known as The Marisol.\nB) Adopt Resolution No. 2026-03, “A Resolution of the City Council of the City of\nHuntington Beach Approving, Authorizing and Directing Execution of a Joint Exercise of\nPowers Agreement Relating to the California Public Finance Authority and Approving the\nIssuance by the California Public Finance Authority of Revenue Bonds in an Aggregate\nPrincipal Amount Not to Exceed $325,000,000 to Benefit Marisol HB, LLC and Certain\nOther Matters Relating Thereto.”\nRecommended Action: