City Council

(2)\n26-0132\nCD 4\nMOTION (JURADO - BLUMENFIELD) and RESOLUTION relative to\nissuing qualified 501(c)(3) bonds, in an aggregate principal amount not\nto exceed $85,000,000 for an 11-story hotel located at 1130 South\nHope Street.\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) hearing held on November\n24, 2025 for the Hope Street hotel project, attached to the\nMotion.\n2. ADOPT the accompanying TEFRA RESOLUTION approving\nthe issuance of bonds in an amount not to exceed $85,000,000\nto provide financing, refinancing, and/or reimbursement for the\nacquisition, construction, development, equipping, and\noperation of an 11-story hotel located at 1130 South Hope\nStreet in Council District 14.\nItems for which Public Hearings Have Been Held