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TEFRA Public Hearing for Orangewood Foundation <br />February 5, 2019 <br />Page 3 <br />any department thereof to undertake any discretionary action related to the development of the <br />project. <br />As announced in the published notice, the TEFRA hearing is an opportunity for all interested <br />persons to speak or to submit written comments concerning the proposal to issue the Obligations <br />to finance and refinance the Facilities. There is no requirement that either the Borrower or the <br />City Council respond to any specific comments made or submitted at the hearing. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #2 — Youth, Education, Recreation, <br />Objective #4 (Partner with groups and organizations to promote education, senior services, job <br />training and development for all Santa Ana residents). <br />FISCAL IMPACT <br />The City will receive a payment in the amount of $644.40 to hold a TEFRA Hearing for this <br />project and it will be deposited into the Miscellaneous Revenue, Miscellaneous Service Charge <br />account (no. 01102002-53902). <br />APP/ROVED AS TO FUNDS AND ACCOUNTS: <br />Steven A. Mendoza Kathryn Downs, CPA <br />Executive Director Executive Director —W <br />Community Development Agency Finance and Management Services Agency <br />Exhibits: 1. Public Notice <br />2. TEFRA Resolution <br />75C-3 <br />