City Council

(17)\n25-0483-S1\nCDs 13, 14\nMOTION (SOTO-MARTINEZ - JURADO) and RESOLUTION relative\nto the issuance of revenue bonds or notes to finance facilities located\nin Council District (CDs) 13 and 14 to serve individuals with mental\nillness.\nRecommendation for Council action, SUBJECT TO APPROVAL OF\nTHE MAYOR:\nADOPT the accompanying RESOLUTION, attached to the Motion, to\nallow the California Municipal Finance Authority to issue revenue\nbonds or notes in an aggregate principal amount not to exceed\n$70,000,000 to finance the acquisition of a 96-bed adult facility to\nserve individuals with mental illness, located at 3455 Percy Street in\nCouncil District (CD) 14; finance and refinance the acquisition and\nrenovation of a 60-bed adult facility to serve individuals with mental\nillness, located at 1355 South Hill Street in CD14; finance the\nconstruction of a behavioral health facility at 1891 Effie Street in CD\n13; and finance the working capital expenditures of the Gateways\nHospital and Mental Health Center.