City Council

7.\nRecommendation:\nStaff recommends the City Council adopt A RESOLUTION OF THE CITY\nCOUNCIL OF THE CITY OF CLAREMONT, CALIFORNIA, APPROVING THE\nISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE\nAUTHORITY EXEMPT FACILITY BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT\nTO EXCEED $16,000,000 FOR\nTHE PURPOSE OF FINANCING OR\nREFINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND\nEQUIPPING OF ST. AMBROSE SENIOR HOUSING AND CERTAIN OTHER\nMATTERS RELATING THERETO.\nSt. Ambrose Project TEFRA Resolution