City Council

7.2\nApprove Issuance of Bonds: 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: 26-0139\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 (the “Project”) is adequately covered in the\npreviously adopted Final Supplemental Environmental Impact Report (“FSEIR”) for the Otay\nRanch Village Two Comprehensive SPA Plan Amendment (FSEIR 12-01; SCH #2003091012;\nand incorporated by reference in City Council Resolution No. 2014-207 on November 4, 2014).\nRECOMMENDED ACTION:\nConduct a public hearing and adopt a City Council resolution authorizing the issuance of tax-\nexempt bonds for the Project pursuant to the Tax Equity and Fiscal Responsibility Act of 1982,\nas amended (“TEFRA”).