City Council

1. THE DIAMOND PARK APARTMENTS TAX EQUITY AND FISCAL\nRESPONSIBILITY ACT (TEFRA) HEARING AND APPROVAL OF AN\nAFFORDABLE HOUSING REGULATORY AGREEMENT - Consideration of a\nTax Equity and Fiscal Responsibility Act resolution approving the proposed financing by\nMaple Housing Foundation through the issuance of $110 million in tax-exempt bonds by\nthe California Municipal Finance Authority.\nRECOMMENDED ACTION:\nCity Council:\n1. Conduct a public hearing under the Tax Equity and Fiscal Responsibility Act and\nInternal Revenue Code section 147(f) on the proposed issuance of tax-exempt\nrevenue bonds by the California Municipal Finance Authority for the Diamond Park\nApartments project.