City Council

13. City Council: Staff recommends that the City Council: 26-1777 1) Conduct the public hearing under the requirements of Tax and Equity Fiscal Responsibility Act (TEFRA) and the Internal Revenue Code of 1986, as amended (the “Code”); and 2) Adopt a resolution approving the issuance of qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986 (the “Code”) by CMFA for the benefit of North County Health Project Incorporated (the “Borrower” - DBA Truecare), in an aggregate principal amount not to exceed $15,550,000 (the “Bonds”) for the purpose of financing a portion of the costs of the acquisition of certain health care facilities in the City of Oceanside, California (the “City”). Issuance of the Bonds by CMFA to benefit the Corporation will not constitute a financial or legal liability or responsibility A) Mayor opens public hearing B) Mayor requests disclosure of Councilmember and constituent contacts and correspondence C) Clerk presents correspondence and/or petitions D) Testimony beginning with Salvador Roman, Senior Management Analyst E) Discussion F) Recommendation - adopt resolution PUBLIC COMMUNICATIONS ON OFF-AGENDA ITEMS No action will be taken by the City Council/HDB/CDC/OPFA on matters in this category unless it is determined that an emergency exists or that there is a need to take action that became known subsequent to the posting of the agenda. The presiding officer may hear non-agenda items at any time after the 5:00 p.m. meeting is called to order.