City Council

(41) 26-0434 CD 3 MOTION (BLUMENFIELD - LEE) relative to issuing one or more series of revenue bonds or notes in an aggregate principal amount not to exceed $110,000,000 to finance and/or refinance the acquisition, construction, and development of the 316-unit apartment complex located at 5909 Variel Avenue in Council District 3. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on March 17, 2026 for the Project. 2. ADOPT the accompanying TEFRA RESOLUTION approving the issuance of revenue bonds or notes in an aggregate principal amount not to exceed $110,000,000 to finance and/or refinance the acquisition, construction, and development of a 316-unit apartment complex located at 5909 Variel Avenue in Council District 3