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Legal Notice published in the Orange County Reporter on January 18, 2019. <br />Mayor Pulido opened the Hearing. There were no speakers and the Hearing <br />closed. <br />Councilmember Iglesias, requested staff to provide city council with TEFRA <br />overview. <br />Acting City Manager Mendoza, provided city council with TEFRA review and <br />process. <br />APPLICANT REQUESTS: <br />1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) <br />Hearing in consideration of the issuance of tax exempt bond financing <br />by the California Municipal Finance Authority on behalf of Cornerstone <br />Housing Partners LP (the "Borrower"), for the benefit of Cornerstone <br />Apartments (the "Project') for the acquisition, rehabilitation, <br />improvement and equipping of a 126 -unit multifamily rental housing <br />project located at 805-904 S. Minnie Street, Santa Ana, California. <br />2. Adopt a resolution. <br />RESOLUTION NO. 2019-012 - A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA APPROVING THE ISSUANCE BY THE <br />CALIFORNIA MUNICIPAL FINANCE AUTHORITY OF MULTIFAMILY <br />HOUSING REVENUE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT <br />NOT TO EXCEED $23,000,000 FOR THE PURPOSE OF FINANCING OR <br />REFINANCING THE ACQUISITION, REHABILITATION, IMPROVEMENT <br />AND EQUIPPING OF CORNERSTONE APARTMENTS AND CERTAIN <br />OTHER MATTERS RELATING THERETO <br />MOTION: Sarmiento <br />VOTE: AYES: <br />NOES: <br />ABSTAIN <br />ABSENT: <br />SECOND: Villegas <br />Iglesias, Penaloza, Pulido, Sarmiento, Solorio, <br />Villegas (6) <br />None (0) <br />None (0) <br />Reyna (1) <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 />CITY COUNCIL MINUTES 22 FEBRUARY 5, 2019 <br />1 OC -22 <br />