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as $200 thousand per unit while rehabilitation units can be substantially less <br />and can add affordability covenants; potential of innovative proposals; and <br />possible rental assistance programs. <br />Councilmember Benavides, supportive of comments made by <br />Councilmember Solorio, Urged Council to ensure needs are addressed. <br />Mayor Pro Tem Martinez, noted total in -lieu fees collected at $13.8 million <br />and have resulted in 108 units being developed; estimated cost per square <br />foot is substantially high; and other cities practice to charge developers. <br />Opined need to develop onsite with mixed income units and importance to <br />provide housing solutions for all residents. <br />MOTION: Receive and file. <br />MOTION: Benavides <br />VOTE: AYES: <br />NOES: <br />ABSTAIN: <br />ABSENT: <br />PUBLIC HEARING <br />SECOND: Solorio <br />Benavides, Martinez, Pulido, Solorio (4) <br />None (0) <br />None (0) <br />Sarmiento, Tinajero, Villegas (3) <br />75A. PUBLIC HEARING: ISSUANCE OF TAX EXEMPT BONDS (TEFRA) FOR <br />THE BENEFIT OF AQUA APARTMENTS LOCATED AT 317 EAST 17TH <br />STREET AND RESOLUTION APPROVING THE ISSUANCE OF BONDS <br />{STRATEGIC PLAN NO. 5, 3) - Community Development Agency <br />Legal Notice published in the Orange County Reporter on November 16, <br />2018. <br />Mayor Pulido opened the Hearing <br />Hearing closed. <br />MOTION: <br />There were no speakers and the <br />1. Conducted a new Tax Equity and Fiscal Responsibility Act Hearing <br />in consideration of the issuance of tax exempt bond financing by <br />the California Statewide Communities Development Authority on <br />behalf of Aqua Housing LP (the "Borrower"), for the benefit of Aqua <br />Apartments (the "Project") to finance the acquisition, <br />rehabilitation, improvement, and equipping of the Project, a 57 -unit <br />CITY COUNCIL MINUTES 26 DECEMBER 4, 2018 <br />1 OA -26 <br />