Updated!  PURSUANT TO GOVERNMENT CODE SECTION 54953(e) AND THE RECOMMENDATION OF THE HEALTH OFFICER OF THE COUNTY OF SONOMA, CITY COUNCIL MEMBERS WILL BE PARTICIPATING CITY COUNCIL MEETINGS EITHER VIA ZOOM WEBINAR OR IN-PERSON, SOCIALLY DISTANCED, IN THE COUNCIL CHAMBER AT 100 SANTA ROSA AVENUE. Go to srcity.org/VirtualParticipation for more information on virtual meeting public participation. If you have any additional questions, please contact Stephanie Williams at cityclerk@srcity.org.

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File #: 21-1010    Version: 1 Name: TEFRA PUBLIC HEARING AND ISSUANCE OF BONDS - AURORA SANTA ROSA HOSPITAL
Type: CC- Public Hearing Status: Agenda Ready
File created: 10/26/2021 In control: City Council
On agenda: 11/16/2021 Final action:
Title: PUBLIC HEARING - TEFRA PUBLIC HEARING AND ISSUANCE OF BONDS BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY IN AN AGGREGATE AMOUNT NOT TO EXCEED $430 MILLION FOR AURORA SANTA ROSA HOSPITAL, AN MENTAL HEALTH FACILITY - LOCATED AT 1265 THROUGH 1287 FULTON ROAD AND 2598 GUERNEVILLE ROAD BACKGROUND: The issuance of tax exempt, private activity bonds must be approved by the jurisdiction where the project is located following a public hearing. QCF/I, Inc., a 501(c)(3), a nonprofit healthcare organization (“Borrower”) has selected the California Municipal Finance Authority (“CMFA”), a joint-powers authority of which the City is an additional member, to be the issuer of revenue bonds for Aurora Santa Rosa Hospital, a mental health facility, located at 1265 through 1287 Fulton Road and 2598 Guerneville Road (the “Project”), in an aggregate amount not to exceed $430 million, and has requested that the City Council conduct a public hearing in accordance with the Tax Equity and Fiscal Responsibili...
Sponsors: Housing and Community Services
Indexes: Exempt Project
Code sections: 15301 - Existing Facilities
Attachments: 1. Staff Report, 2. Attachment 1 - Location Map, 3. Attachment 2 - Aurora SR Hospital TEFRA Request Letter, 4. Resolution, 5. Presentation