La Mesa

City Council

March 24, 2026 Order of Business 8 #5

Agenda Item 5

8.5\n*TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF 1982 (“TEFRA”)\nHEARING FOR THE MULTIFAMILY RENTAL HOUSING PROJECT\nLOCATED AT 4250 SPRING STREET\nRESOLUTION APPROVING A PLAN OF FINANCE INCLUDING THE\nISSUANCE OF EXEMPT FACILITY BONDS BY THE CALIFORNIA\nMUNICIPAL FINANCE AUTHORITY IN AN AGGREGATE\nOUTSTANDING PRINCIPAL AMOUNT NOT TO EXCEED $40,000,000\nTO FINANCE AND REFINANCE A QUALIFIED RESIDENTIAL RENTAL\nPROJECT FOR THE BENEFIT OF SPRING STREET FAMILY\nHOUSING, L.P. (OR AN AFFILIATE), AND CERTAIN OTHER\nMATTERS RELATING THERETO\nStaff Reference: Ms. Esenwein\nRecommended Motion:\nAdopt Resolution.