City Council

7.1 Bond Approval: Approve the Issuance of Tax-Exempt Multifamily Housing Revenue Bonds for\nthe Construction of the Citrus Villa Project and Certain Other Matters Relating Thereto\nReport Number: 24-0219\nLocation: 178 Third Avenue\nDepartment: Housing and Homeless Services\nG.C. § 84308: No\nEnvironmental Notice: The activity is not a “Project” as defined under Section 15378 of the\nCalifornia Environmental Quality Act (“CEQA”) State Guidelines. Therefore, pursuant to State\nGuidelines Section 15060(c)(3) no environmental review is required.\nRECOMMENDED ACTION:\nAdopt a resolution authorizing the issuance of $25,000,000 in tax-exempt bonds for an\naffordable project to be known as Citrus Villa, located at 178 Third Avenue.