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File #: 21-0043    Version: 1 Name: DeTurk Winery Village Public Hearing and Issuing of Bonds
Type: CC- Public Hearing Status: Agenda Ready
File created: 12/15/2020 In control: City Council
On agenda: 1/5/2021 Final action:
Title: PUBLIC HEARING - TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF 1983 (“TEFRA”) PUBLIC HEARING AND ISSUANCE OF BONDS BY THE CALIFORNIA PUBLIC FINANCE AUTHORITY IN AN AMOUNT NOT TO EXCEED $50 MILLION FOR DETURK WINERY VILLAGE - 8 WEST 9TH STREET AND 806 DONAHUE STREET BACKGROUND: The issuance of tax exempt, private activity bonds must be approved by the jurisdiction the project is located following a public hearing. Donahue 808, L.P. (“Borrower”) has selected the California Public Finance Authority (“CalPFA”), a joint-powers authority of which the City is an additional member, to be the issuer of multifamily housing revenue bonds for DeTurk Winery Village, 135 rental units, located at 8 West 9th Street and 806 Donahue Street (the “Project”), in an amount not to exceed $50 million, and has requested that the City Council conduct a public hearing in accordance with the Tax Equity and Fiscal Responsibility Act of 1983 (“TEFRA”). A public hearing is required to provide a reasonable opportun...
Sponsors: Housing and Community Services
Indexes: Exempt Project
Code sections: 15182 - Projects Pursuant to a Specific Plan, 15332 - Infill Development
Attachments: 1. Staff Report, 2. Attachment 1 - Locational Graphic, 3. Attachment 2 - Request from Meta Housing Corporation for the TEFRA public hearing, 4. Resolution, 5. Presentation
Related files: 19-134DRB