City Council

(17) 25-0483-S1 CDs 13, 14 MOTION (SOTO-MARTINEZ - JURADO) and RESOLUTION relative to the issuance of revenue bonds or notes to finance facilities located in Council District (CDs) 13 and 14 to serve individuals with mental illness. Recommendation for Council action, SUBJECT TO APPROVAL OF THE MAYOR: ADOPT the accompanying RESOLUTION, attached to the Motion, to allow the California Municipal Finance Authority to issue revenue bonds or notes in an aggregate principal amount not to exceed $70,000,000 to finance the acquisition of a 96-bed adult facility to serve individuals with mental illness, located at 3455 Percy Street in Council District (CD) 14; finance and refinance the acquisition and renovation of a 60-bed adult facility to serve individuals with mental illness, located at 1355 South Hill Street in CD14; finance the construction of a behavioral health facility at 1891 Effie Street in CD 13; and finance the working capital expenditures of the Gateways Hospital and Mental Health Center.