City Council

9. TEFRA HEARING FOR QUINCE STREET SENIOR APARTMENTS Request the City Council hold a public hearing pursuant to the Tax Equity and Fiscal Responsibility Act ("TEFRA") to adopt Resolution No. 2024-144 and approve the issuance of revenue bonds by the California Municipal Finance Authority ("CMFA") to finance or refinance the acquisition, construction, improvement and equipping of a senior multifamily rental housing project located at 220 North Quince Street, in the City of Escondido, California, to be commonly known as Quince Street Seniors. It is also requested that the City Council adopt Resolution No. 2024-145 approving the assumption of an existing Regulatory Agreement by San Diego Interfaith Housing Foundation. Staff Recommendation: Approval (Community Development: Chris McKinney, Deputy City Manager and Interim Director of Development Services) 6 Presenter: Danielle Lopez, Housing and Neighborhood Services Manager and Norma Olquin, Management Analyst ESSENTIAL SERVICE – Yes, Land Use/Development COUNCIL PRIORITY – Encourage Housing Development a) Resolution No. 2024-144 b) Resolution No. 2024-145