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<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 on behalf of Cornerstone Housing Partners LP <br />(the “Borrower”), for the benefit of Cornerstone Apartments (the “Project”) for <br />the acquisition, rehabilitation, improvement and equipping of a 126-unit <br />multifamily rental housing project located at 805-904 S. Minnie Street, Santa <br />Ana, California. <br /> <br />2. Adopt a resolution. <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />APPROVING THE ISSUANCE BY THE CALIFORNIA MUNICIPAL FINANCE <br />AUTHORITY OF MULTIFAMILY HOUSING REVENUE BONDS IN AN <br />AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $23,000,000 FOR THE <br />PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, <br />REHABILITATION, IMPROVEMENT AND EQUIPPING OF CORNERSTONE <br />APARTMENTS AND CERTAIN OTHER MATTERS RELATING THERETO <br /> <br /> <br />75C. PUBLIC HEARING - TAX EQUITY AND FISCAL RESPONSIBILITY (TEFRA) - <br />ISSUANCE OF OBLIGATIONS BY THE CALIFORNIA ENTERPRISE <br />DEVELOPMENT AUTHORITY FOR THE BENEFIT OF ORANGEWOOD <br />TH <br />FOUNDATION LOCATED AT 1575 AND 1615 E. 17 STREET {STRATEGIC <br />PLAN NO. 2, 4} - Community Development Agency <br /> <br />Legal Notice published in the Orange County Reporter on January 14, 2019. <br /> <br />APPLICANT REQUESTS: <br /> <br />1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in <br />consideration of issuance of tax-exempt obligations by the California Enterprise <br />Development Authority for the purpose of financing and refinancing Foundation <br />facilities located in Santa Ana, California for the benefit of Orangewood <br />Foundation. <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 TAX-EXEMPT OBLIGATIONS BY THE <br />CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY IN AN <br />AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $1,500,000 TO <br />FINANCE FACILITIES FOR THE BENEFIT OF THE ORANGEWOOD <br />FOUNDATION <br /> <br /> <br />75D. PUBLIC HEARING - TAX EQUITY AND FISCAL RESPONSIBILITY (TEFRA) - <br />ISSUANCE OF OBLIGATIONS BY THE CALIFORNIA ENTERPRISE <br />DEVELOPMENT AUTHORITY FOR THE BENEFIT OF ORANGEWOOD REAL <br />PROPERTY, LLC AND SAMUELI ACADEMY LOCATED AT 1901 AND 1919 N. <br />FAIRVIEW STREET {STRATEGIC PLAN NO. 2, 4} - Community Development <br />Agency <br />CITY COUNCIL AGENDA 13 FEBRUARY 5, 2019 <br /> <br /> <br />