City Council

10. HOLD TAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) HEARING AND ADOPT A RESOLUTION FOR THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CMFA) FOR THE BENEFIT OF 2K COLORADO, LP (Finance Dept.) Recommendation: It is recommended that the City Council: (1) Hold a TEFRA hearing; and (2) Adopt a resolution of the City Council of the City of Pasadena approving a plan of finance including the issuance of exempt facility bonds by the California Municipal Finance Authority (CMFA) exempt facility bonds for qualified residential rental project in an aggregate principal amount not-to-exceed $42,000,000 for the purpose of financing or refinancing the acquisition, construction, improvement and equipping of 2K Colorado, LP, located at 2000-2030 East Colorado Boulevard and 25 South San Marino Avenue, Pasadena, California, and certain other matter related thereto. RESOLUTION MULTIPLE AGENDA ITEM COMMENT (There will be one opportunity for public comment for those speakers who wish to speak on more than one item of business on the agenda, excluding public hearings. Comments are limited to 3 minutes each, and the Mayor may limit this time if reasonable under the circumstances.) REPORTS AND COMMENTS FROM COUNCIL COMMITTEES Economic Development and Technology Committee Finance Committee Housing, Homelessness and Planning Committee Legislative Policy Committee Municipal Services Committee Public Safety Committee RECOMMENDATIONS FROM OFFICERS AND DEPARTMENTS City Manager