City Council

10. Issuance of Tax-Exempt Bonds for the Lexington Green Apartments by the California Statewide Communities Development Authority Click to View\nRECOMMENDATION: \nThat the City Council:\nConducts a TEFRA public hearing in consideration of the issuance of tax-exempt bond financing by the California Statewide Communities Development Authority for the benefit of Lexington Green Community Partners II, LP, to provide financing for the acquisition, rehabilitation, and improvement of the 144-unit apartment development generally known as Lexington Green; and\nAdopts the next Resolution, in order, approving the issuance of Bonds by the California Statewide Communities Development Authority not to exceed $55,000,000 for the benefit of Lexington Apartments Community Partners II, LP, to provide for the acquisition, rehabilitation, and improvement of the 144-unit apartment development generally known as Lexington Green.\nADMINISTRATIVE REPORTS: