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<br />75D. PUBLIC HEARING ON ISSUANCE OF TAX EXEMPT BONDS (TEFRA) FOR THE <br />BENEFIT OF THE CHRISTIAN AND MISSIONARY ALLIANCE, AND <br />RESOLUTION APPROVING THE ISSUANCE OF BONDS {STRATEGIC PLAN <br />NO. 5, 3} - Community Development Agency <br /> <br />Legal Notice published in the Orange County Register on August 20, 2018. <br /> <br />APPLICANT REQUESTS: <br /> <br />1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) Hearing in <br />consideration of the issuance of tax exempt bond financing by the California <br />Municipal Finance Authority (the “Authority”) on behalf of Town and Country <br />Manor of the Christian and Missionary Alliance (the “Borrower”), for the benefit <br />of Town and Country Manor (the “Project”) for the acquisition, construction, <br />improvement and equipping of certain retirement, nursing, assisted living and <br />parking facilities of the continuing care retirement community owned and <br />operated by the Borrower, located at 555 East Memory Lane, Santa Ana, <br />California 92706. <br /> <br />2. Adopt a resolution. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />APPROVING THE ISSUANCE OF REVENUE BONDS BY THE CALIFORNIA <br />MUNICIPAL FINANCE AUTHORITY FOR THE PURPOSE OF FINANCING <br />AND REFINANCING THE ACQUISITION, CONSTRUCTION, <br />IMPROVEMENT AND EQUIPPING OF CERTAIN FACILITIES OF A <br />CONTINUING CARE RETIREMENT COMMUNITY OWNED AND <br />OPERATED BY TOWN AND COUNTRY MANOR OF THE CHRISTIAN AND <br />MISSIONARY ALLIANCE LOCATED AT 555 EAST MEMORY LANE, SANTA <br />ANA, AND CERTAIN OTHER MATTERS PERTAINING THERETO <br /> <br /> <br />JOINT SESSIONS OF THE CITY COUNCIL AND THE SUCCESSOR AGENCY <br /> <br />80A. ADOPT RESOLUTION APPROVING AN AMENDED RECOGNIZED <br />OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JANUARY 1, 2019 <br />THROUGH JUNE 30, 2019 AND APPROVE APPROPRIATION ADJUSTMENT <br />(NON-GENERAL FUND) {STRATEGIC PLAN NO. 4, 1} – Community Development <br />Agency <br /> <br /> CITY COUNCIL ACTION <br /> <br /> RECOMMENDED ACTION: Approve an appropriation adjustment. (Requires five <br />affirmative votes) <br /> <br /> APPROPRIATION ADJUSTMENT NO. 2019–018 - Recognizing $250,000 in the <br />Housing Successor Agency Fund prior year carry forward account and appropriating same <br />to the expenditure account. <br /> <br />CITY COUNCIL AGENDA 13 SEPTEMBER 4, 2018 <br /> <br /> <br />