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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 />