City Council

4. TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF 1982 HEARING TO APPROVE THE\nISSUANCE OF $10.5 MILLION IN TAX EXEMPT FINANCING BY THE CALIFORNIA\nMUNICIPAL FINANCE AUTHORITY FOR THE BENEFIT OF SCRIPPS-PITZER PROPERTY\nHOLDINGS, LLC.\nRecommendation: Staff recommends the City Council adopt A RESOLUTION OF THE CITY\nCOUNCIL OF THE CITY OF CLAREMONT, CALIFORNIA, APPROVING THE\nISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY 2024\nTAX EXEMPT LOAN (SCRIPPS-PITZER PROPERTY HOLDINGS, LLC) IN A\nMAXIMUM AGGREGATE PRINCIPAL AMOUNT OF $10,500,000 FOR\nCOSTS OF THE ACQUISITION, CONSTRUCTION, RENOVATION,\nRETROFITTING, EQUIPPING AND IMPROVEMENT OF EDUCATIONAL\nFACILITIES OF SCRIPPS-PITZER PROPERTY HOLDINGS, LLC, PITZER\nCOLLEGE AND SCRIPPS COLLEGE, ALL LOCATED WITHIN THE CITY,\nAND CERTAIN OTHER MATTERS RELATING THERETO.\nAttachment(s): Scripps-Pitzer TEFRA Resolution