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File #: 23-0269    Version: 1 Name: TEFRA Public Hearing and Issuance of Bonds
Type: CC- Public Hearing Status: Agenda Ready
File created: 3/7/2023 In control: City Council
On agenda: 3/28/2023 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 $30 MILLION FOR BENNETT VALLEY APARTMENTS - 702 & 716 BENNETT VALLEY ROAD AND 921 & 927 RUTLEDGE AVENUE BACKGROUND: Bennett Valley Apartments, located on the site of the former Bennett Valley Senior Center, is a 62-unit multifamily affordable housing development with a 51% unit set aside for homeless individuals and households located at 702 & 716 Bennett Valley Road and 921 & 927 Rutledge Avenue, Santa Rosa, CA. The Developer selected CMFA to issue the bonds and, as required by Section 147(f) of the Internal Revenue Code of 1986, the Borrower is requesting that the City Council conduct the TEFRA public hearing (Attachment 2). CMFA is a joint powers agency that promotes economic, cultural and community development, through the financing of economic development and charitable activities, including the issuance of taxable and tax-...
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, 3. Attachment 2, 4. Resolution, 5. Presentation, 6. Public Hearing Notice
Related files: 22-0043, 21-0572, 19-0681