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75A - PH TAX EXEMPT BONDS AQUA APTS
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12/04/2018
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75A - PH TAX EXEMPT BONDS AQUA APTS
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Last modified
11/29/2018 7:39:48 PM
Creation date
11/29/2018 7:38:34 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
75A
Date
12/4/2018
Destruction Year
2023
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MAYOR <br />Miguel A. Pulido <br />MAYOR PRO TEM <br />Michele Martinez <br />COUNCILMEMBERS <br />P. David Benavides <br />Vicente Sarmiento <br />Jose Solorio <br />Sal Tinalero <br />Juan Villages <br />November 14, 2018 <br />Kyle Paine, President <br />3416 Via Oporto, Suite # 301 <br />Newport Beach, CA 92661 <br />CITY OF SANTA ANA <br />20 Civic Center Plaza • P.O. Box 1988 <br />Santa Ana, California 92702 <br />W vW.santa-ana.oro <br />Subject: Notice to Applicant Regarding Request for TEFRA Hearing <br />Dear Mr. Paine, <br />EXHIBIT 2 <br />CITY MANAGER <br />Raul Godinez II <br />CITY ATTORNEY <br />Sonia R. Carvalho <br />CLERK OF THE COUNCIL <br />Maria D. Huizar <br />This is in response to your request for the City of Santa Ana to conduct a Tax Equity and Fiscal <br />Responsibility Act Hearing in consideration of the issuance of tax exempt bond financing by the California <br />Statewide Communities Development Authority on behalf of Community Development Partners for the <br />benefit of Aqua Apartments. The TEFRA Hearing has been placed on our City Council agenda for December <br />4, 2018 per your request. This TEFRA Hearing is not being considered by City Council as a recommended <br />action per our staff. Instead this item is being considered as an applicant requested action. <br />hi addition, this TEFRA Hearing and the adoption of the Resolution shall not obligate the City or any <br />department thereof to (i) provide any financing to acquire or construct the Project or any refinancing of the <br />Project; (ii) approve any application or request for or take any other action in connection with any planning <br />approval, permit or other action necessary for the acquisition, construction, rehabilitation, installation or <br />operation of the Project; (iii) make any contribution or advance any funds whatsoever to the Authority; or (iv) <br />take any further action with respect to the Authority or its membership therein. In general, this action by the <br />City of Santa Ana will not obligate the City or any department thereof to undertake any discretionary action <br />related to the development of your project. <br />If you have any questions regarding this notice, I can be reached by telephone at (714) 667-2241 or by e-mail <br />at'bri ounxnusatita-ana.org. <br />Sincerely, <br />Judson Brown <br />Housing Division Manager <br />SANTA ANA CITY COUNCIL <br />Miguel A. Pulido Michele Martinez Vicente Sarmiento Jose Solorio P. Davld BenaAse Juan Villegas Sal Tinajero <br />Mayor Mayor Pro Tem, Ward 2 Ward Ward Ward Ward Ward <br />moulido(o)santa-ana.ora ffl1M9ine4(dsarAa-ana.om vsarmiento(a)saro-ana.ora Isolorio(o� n -an-. dbenavitles(alsanla-ana.ora ivilleaslidganta-ane.ora stinaiero(ol5anta-ane org <br />
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