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THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING WRITTEN <br />ARGUMENTS FOR THE BALLOT MEASURE SUBMITTED FOR THE NOVEMBER 5, <br />2024 GENERAL MUNICIPAL ELECTION REGARDING WHETHER TO ADOPT A RENT <br />STABILIZATION AND JUST CAUSE EVICTION ORDINANCE. <br />**END OF BUSINESS CALENDAR" <br />PUBLIC HEARINGS <br />PUBLIC COMMENTS — Members of the public may address the City Council on each of the <br />Public Hearing items. <br />27. Public Hearing - Approve an Amended and Restated Regulatory Agreement for the <br />Rehabilitation of Garden Court Apartments Located at 300 East Santa Ana Boulevard, <br />Santa Ana, CA 92701, Adopt a Resolution Approving the Issuance of Revenue Bonds, and <br />Conduct a Tax Equity Fiscal Responsibility Act (TEFRA) Hearing <br />Legal notice published in the OC Reporter on July 9, 2024. <br />Department(s): Community Development Agency <br />Recommended Action: 1. Authorize the City Manager to execute an amended and <br />restated agreement containing Affordable Housing Covenants with Orange Housing <br />Development Corporation for the rehabilitation of Garden Court Apartments located at 300 <br />East Santa Ana Boulevard, Santa Ana, CA 92701 (APN 398-323-08) (Contingent upon <br />approval of Housing Authority Item # 3) (Agreement No. A-2024-XXX). <br />2. Approve the Relocation Plan and authorize the City Manager to approve amendments to <br />the Relocation Plan prior to commencement of the rehabilitation of Garden Court <br />Apartments, substantially in the draft form attached hereto, subject to changes consistent <br />with the project approved by the City Manager and City Attorney. <br />3. Conduct a Tax Equity and Financial Responsibility Act Hearing in consideration of the <br />issuance of tax-exempt bond financing by the California Municipal Finance Authority for <br />C&C Development Co., LLC, to finance the acquisition, rehabilitation, improvement, and <br />equipping of Garden Court Apartments located at 300 East Santa Ana Boulevard, Santa <br />Ana, CA 92701 (APN 398-323-08). <br />4. Adopt a resolution approving the issuance of revenue bonds by the California Municipal <br />Finance Authority in an amount not to exceed $55,000,000 for financing the rehabilitation of <br />Garden Court Apartments. <br />RESOLUTION NO. 2024-XXX entitled A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA APPROVING THE ISSUANCE BY THE CALIFORNIA MUNICIPAL <br />FINANCE AUTHORITY OF EXEMPT FACILITY BONDS FOR THE GARDEN COURT <br />APARTMENTS <br />5. Determine that the approvals and authorizations provided for herein do not constitute a <br />"project" within the meaning of California Public Resources Code § 21065 and authorize <br />filing a notice of exemption based on the "common sense" exemption of 14 C.C.R. § <br />15061(b)(3) to the extent any activity would be considered a "project" because it can be <br />seen with certainty that there is no possibility that the activity in question may have a <br />City Council 15 7/16/2024 <br />