City Council

8.2\nHousing Authority Bond Approval: Approve the Issuance of Tax-Exempt Multifamily Housing\nRevenue Bonds for the Acquisition, Construction, and Equipping of the Sol Vista Apartments\nProject and Certain Other Matters Relating Thereto\nReport Number: 26-0091\nLocation: Southwest corner of Santa Victoria Road and Santa Diana Road (Village 2)\nDepartment: Housing and Homeless Services\nG.C. § 84308 Regulations Apply: No\nEnvironmental Notice: The proposed Project is adequately covered in the previously certified\nFinal Supplemental Environmental Impact Report (FSEIR) for the Otay Ranch Villages Two,\nThree, and a Portion of Village Four Comprehensive SPA Plan Amendment (FSEIR 12-01;\nSCH #2003091012; and incorporated by reference in City Council Resolution No. 2014-207 on\nNovember 4, 2014).\nRECOMMENDED ACTION:\nAdopt a resolution of the Chula Vista Housing Authority authorizing the issuance of up to\n$14,000,000 in tax-exempt bond obligations for the ninety-six (96) unit Sol Vista Apartments\naffordable housing development, formerly referred to as Enclave Montecito.