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File #: 23-043    Version: 1 Name: TEFRA Public Hearing and Issuance of Bonds
Type: CC- Public Hearing Status: Agenda Ready
File created: 12/19/2022 In control: City Council
On agenda: 1/10/2023 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 $465 MILLION FOR AURORA SANTA ROSA HOSPITAL, A 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 $465 million, and has requested that the City Council conduct a public hearing in accordance with the Tax Equity and Fiscal Responsibilit...
Sponsors: Housing and Community Services
Indexes: Exempt Project
Code sections: 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 - Site Photo and Aerial, 3. Attachment 2 - Request for TEFRA Public Hearing, 4. Resolution, 5. Presentation, 6. Public Hearing Notice
Related files: 21-1010