City Council

10. TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF 1982 HEARING TO APPROVE THE\nISSUANCE OF UP TO $36 MILLION IN TAX EXEMPT FINANCING BY THE CALIFORNIA\nMUNICIPAL FINANCE AUTHORITY FOR THE BENEFIT OF SCRIPPS COLLEGE\nRecommendation: Staff recommends the City Council adopt a RESOLUTION OF THE CITY\nCOUNCIL OF THE CITY OF CLAREMONT, CALIFORNIA, APPROVING THE\nISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY 2024\nTAX EXEMPT LOAN (SCRIPPS COLLEGE) IN AN AGGREGATE\nPRINCIPAL AMOUNT NOT TO EXCEED OF $36,000,000 FOR THE\nFINANCING AND REFINANCING ALL OR A PORTION OF THE COSTS OF\nTHE ACQUISITION, CONSTRUCTION, RENOVATION, RETROFITTING,\nEQUIPPING AND IMPROVEMENT OF CERTAIN EDUCATIONAL\nFACILITIES, INCLUDING BUT NOT LIMITED TO: ADMINISTRATIVE\nFACILITIES, SITE IMPROVEMENTS, STUDENT HOUSING FACILITIES,\nFACULTY HOUSING FACILITIES, AND PARKING, OWNED AND\nOPERATED BY SCRIPPS COLLEGE, LOCATED WITHIN THE CITY, AND\nCERTAIN OTHER MATTERS RELATING THERETO.\nAttachment(s): Scripps College TEFRA Resolution\nORDINANCE