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2. Adopt a resolution. <br />RESOLUTION NO 2017-087 - A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF SANTA ANA APPROVING THE <br />ISSUANCE BY THE CALIFORNIA STATEWIDE COMMUNITIES <br />DEVELOPMENT AUTHORITY OF MULTIFAMILY HOUSING <br />REVENUE BONDS FOR THE AQUA APARTMENTS <br />MOTION: Villegas SECOND: Sarmiento <br />VOTE: AYES: Benavides, Martinez, Sarmiento, Solorio, <br />Villegas (5) <br />NOES: None (0) <br />ABSTAIN: None (0) <br />ABSENT: Tinajero, Pulido (2) <br />75D. PUBLIC HEARING - TAX EQUITY AND FISCAL RESPONSIBILITY <br />(TEFRA) - ISSUANCE OF TAX EXEMPT BONDS FOR THE BENEFIT OF <br />CORNERSTONE APARTMENTS, LOCATED AT 805-904 SOUTH <br />MINNIE STREET AND RESOLUTION APPROVING THE ISSUANCE OF <br />BONDS {STRATEGIC PLAN NO. 5, 3) - Community Development Agency <br />Legal Notice published in the Orange County Reporter on December 4, <br />2017. <br />Mayor Pulido opened the Hearing. There were no speakers and the <br />Hearing closed. <br />Councilmember Solorio, asked for clarification that no entitlement changes <br />have been made by developer. <br />Judson Brown, Housing Manager, confirmed no entitlement changes have <br />been made by developer. <br />MOTIONS: <br />1. Conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) <br />Hearing in consideration of the issuance of tax exempt bond <br />financing by the California Municipal Finance Authority (the <br />"Authority") on behalf of Cornerstone Housing Partners LP (the <br />"Borrower"), for the benefit of Cornerstone Apartments (the <br />"Project") for the acquisition, rehabilitation, improvement and <br />CITY COUNCIL MINUTES 34 DECEMBER 19, 2017 <br />1 OA -34 <br />