Los Angeles
City Council
(3) 21-0215-S1
CD 14 MOTION (JUARDO - BLUMENFIELD) and RESOLUTION relative to
issuing bonds in an aggregate principal amount not to exceed
$30,572,770 for the purpose of financing, refinancing, and/or
reimbursing the cost of acquisition, construction, improvement and
equipping of certain educational facilities 97-unit multifamily housing
development located at 3016 North Main Street in Council District 14.
Recommendations for Council action, SUBJECT TO THE APPROVAL
OF THE MAYOR:
1. CONSIDER the results, attached to the Motion, of the Tax
Equity and Fiscal Responsibility Act (TEFRA) public hearing
held on December 29, 2025 for the Brine Residential, located at
3016 North Main Street.
2. ADOPT the accompanying TEFRA RESOLUTION to approve
the issuance of bonds in an amount not to exceed $30,572,770
for the new construction of a 97-unit multifamily housing
development, located at 3016 North Main Street in Council
District 14.
Items for which Public Hearings Have Been Held