City Council

38. Approve the Tax Equity Fiscal Responsibility Act Hearing for 1200 Main Apartments Legal Notice published in the OC Register on November 5, 2026. Department(s): Community Development Agency Recommended Action: 1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) Hearing in consideration of the issuance of tax-exempt bond financing by the California Municipal Finance Authority (the “CMFA”) on behalf of 1200 Main GP, LLC (the “Borrower”), for the benefit of 1200 Main Apartments to finance or refinance the acquisition, construction, improvement, and equipping of a multifamily rental housing project located at 1200 North Main Street, Santa Ana, California (the “Project”). 2. Adopt a resolution approving the issuance of revenue bonds by the CMFA in an amount not to exceed $50,000,000 to finance or refinance the acquisition, construction, improvement, and equipping of a multifamily rental housing project located at 1200 North Main Street, Santa Ana, California. RESOLUTION NO. 2026-XXX entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING THE ISSUANCE BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY OF EXEMPT FACILITY BONDS FOR 1200 MAIN APARTMENTS