City Council

(49) 26-0564 CD 11 MOTION (PARK - PADILLA) and RESOLUTION relative to to issuing bonds in an aggregate principal amount not to exceed $16,000,000 for the purpose of financing, refinancing, and/or reimbursing the cost of acquisition, construction, improvement and equipping of certain educational facilities 46-unit multifamily housing development (Project) located at 5403 Inglewood Boulevard in Council District 11. Recommendations for Council action, SUBJECT TO APPROVAL OF THE MAYOR: 1. CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on July 23, 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 $16,000,000 to finance and/or refinance the acquisition, construction, improvement, renovation, furnishing, and equipping of a 46-unit multifamily rental housing project located at 5403 Inglewood Boulevard in Council District 11.