City Council

14. CONDUIT FINANCING FOR THE CHATHAM VILLAGE APARTMENTS AFFORDABLE HOUSING PROJECT Conduct a public hearing under the Tax and Equity Fiscal Responsibility Act ("TEFRA") on October 20, 2026 in connection with the proposed issuance of revenue bonds by the California Municipal Finance Authority (the "CMFA"), a joint exercise of powers authority and public entity of the State of California, in an amount not to exceed $110,000,000, (the "Bonds"), to finance and refinance the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 16331 McFadden Avenue, Tustin, California (the "Project"). Recommendation: That the City Council: 1. Conduct a public hearing under the requirements of TEFRA and the Internal Revenue Code of 1986, as amended (the "Code"); and 2. Adopt Resolution 26-57, a resolution of the City Council of the City of Tustin approving the issuance of the California Municipal Finance Authority exempt facility bonds in an aggregate principal amount not to exceed $110,000,000 for the purpose of financing or refinancing the acquisition, construction, improvement, and equipping of Chatham Village and certain other matters relating thereto. RESOLUTION NO. 26-57 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN APPROVING THE ISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY EXEMPT FACILITY BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $110,000,000 FOR THE PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF CHATHAM VILLAGE AND CERTAIN OTHER MATTERS RELATING THERETO