City Council

(61)\n26-0585\nCD 10\nMOTION (HUTT - HERNANDEZ) and RESOLUTION relative to issuing\none or more series of bonds, in an amount not to exceed $25,000,000\nto finance and/or refinance the acquisition of a 71-bed -unit multifamily\nrental housing project located at 1035 Crenshaw Boulevard in Council\nDistrict 10.\nRecommendations for Council action, SUBJECT TO THE APPROVAL\nOF THE MAYOR:\n1. CONSIDER the results of the Tax Equity and Fiscal\nResponsibility Act of 1982 (TEFRA) public hearing held on\nJanuary 22, 2026 for the Project.\n2. ADOPT the accompanying TEFRA RESOLUTION approving\nthe issuance of bonds in an amount not to exceed $25,000,000\nfor the purpose of financing and/or refinancing the acquisition of\na 71-unit multifamily rental housing project located at 1035\nCrenshaw Boulevard in Council District 10.