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File #: 24-0817    Version: 1 Name: TEFRA Public Hearing and Approval of Issuance of Revenue Bonds
Type: CC- Public Hearing Status: Agenda Ready
File created: 10/23/2024 In control: City Council
On agenda: 11/19/2024 Final action:
Title: PUBLIC HEARING - TEFRA PUBLIC HEARING AND APPROVING A PLAN OF FINANCE AND THE ISSUANCE OF REVENUE BONDS BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY IN AN AGGREGATE OUTSTANDING PRINCIPAL AMOUNT NOT TO EXCEED $45 MILLION FOR CASA ROSELAND - 665 AND 883 SEBASTOPOL ROAD BACKGROUND: For purposes of Section 147(f) of the Internal Revenue Code requires the Council of the City (the “City Council”), as the elected legislative body of the City and is an “applicable elected representative” and the host jurisdiction of the Project, to approve the plan of finance including the issuance of the Bonds after a public hearing has been held following reasonable notice. MP Roseland Village Associates LP, a California limited partnership (“Borrower”) has selected the California Municipal Finance Authority (“CMFA”), a joint-powers authority of which the City is a member, to be the issuer of multifamily housing revenue bonds for Casa Roseland, 75 rental units, located at 665 and 883 Sebastopol Road ( “Pro...
Sponsors: Housing and Community Services
Indexes: Exempt Project
Code sections: 15061(b)(3) - General Rule Exemption, 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 - Locational Graphic, 3. Attachment 2 - MP Request Letter, 4. Attachment 3 - Plan of Financial, 5. Resolution, 6. Public Hearing Notice, 7. Presentation
Related files: 19-0295