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Title:
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RESOLUTION - APPROVAL OF THE ISSUANCE OF REVENUE BONDS BY CALIFORNIA STATEWIDE COMMUNITY DEVELOPMENT AUTHORITY COMMUNITY IMPROVEMENT AUTHORITY AND AUTHORIZATION TO ENTER INTO A PUBLIC BENEFIT AGREEMENT FOR THE ACQUISITION OF 220-240 BURT STREET - VINEYARD GARDEN APARTMENTS
RECOMMENDATION: It is recommended by the Housing & Community Services Department that the Council, by resolution: 1) approve the issuance of revenue bonds by California Statewide Community Development Authority (CSCDA) Community Improvement Authority for the purpose of financing the acquisition of the Vineyard Garden Apartments located at 220-240 Burt Street, Santa Rosa; and 2) authorize the Director of Housing and Community Services to execute the Public Benefit Agreement between the City of Santa Rosa and CSCDA Community Improvement Authority.
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