City Council

9. TEFRA HEARING FOR QUINCE STREET SENIOR APARTMENTS\nRequest the City Council hold a public hearing pursuant to the Tax Equity and Fiscal Responsibility Act\n("TEFRA") to adopt Resolution No. 2024-144 and approve the issuance of revenue bonds by the California\nMunicipal Finance Authority ("CMFA") to finance or refinance the acquisition, construction, improvement\nand equipping of a senior multifamily rental housing project located at 220 North Quince Street, in the\nCity of Escondido, California, to be commonly known as Quince Street Seniors.\nIt is also requested that the City Council adopt Resolution No. 2024-145 approving the assumption of an\nexisting Regulatory Agreement by San Diego Interfaith Housing Foundation.\nStaff Recommendation: Approval (Community Development: Chris McKinney, Deputy City Manager and\nInterim Director of Development Services)\n6\nPresenter: Danielle Lopez, Housing and Neighborhood Services Manager and Norma Olquin, Management\nAnalyst\nESSENTIAL SERVICE – Yes, Land Use/Development\nCOUNCIL PRIORITY – Encourage Housing Development\na) Resolution No. 2024-144\nb) Resolution No. 2024-145