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TEFRA Public Hearing for Orangewood Real Property and Samueli Academy <br />June 7, 2016 <br />Page 3 <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's approval of this financing bears with it no cost or other financial obligation, but serves <br />as a public acknowledgement of the financing and refinancing of the Facilities by the host <br />jurisdiction. <br />Robert C. Cortez <br />Special Assistant to the City Manager <br />City Manager's Office <br />Exhibits: 1. Public Notice <br />2. TEFRA Resolution <br />FETE TkA MIA <br />75C -3 <br />