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VOTE: AYES: Sarmiento, Solorio, Tinajero, Villegas (4) <br />NOES: Benavides, Martinez (2) <br />ABSTAIN: None (0) <br />ABSENT: Pulido(1) <br />75F. PUBLIC HEARING - TAX EQUITY AND FISCAL RESPONSIBILITY <br />(TEFRA) - ISSUANCE OF TAX EXEMPT BONDS FOR THE BENEFIT OF <br />FIRST POINT APARTMENTS II, LOCATED AT 2110 E. 1ST STREET <br />AND RESOLUTION APPROVING THE ISSUANCE OF BONDS <br />{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 />Laura Archuleta, noted housing element mix and planned return with new <br />finance plan. <br />MOTION; <br />1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) <br />Hearing in consideration of the issuance of tax exempt bond <br />financing by the California Municipal Finance Authority on behalf <br />of the Santa Ana Pacific Associates II, a California L.P. (the <br />"Borrower"), for the benefit of First Point Apartments II (the <br />"Project") to finance the acquisition, construction, improvement <br />and equipping of First Point Apartments II, a 206 -unit multifamily <br />rental housing project located at 2110 E. 1st Street, Santa Ana, <br />California. <br />2. Adopt a resolution. <br />RESOLUTION NO 2017-082 - A RESOLUTION OF THE CITY <br />COUNCIL OF THE CITY OF SANTA ANA APPROVING THE <br />ISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE <br />AUTHORITY MULTIFAMILY HOUSING REVENUE BONDS IN AN <br />AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $90,000,000 <br />FOR THE PURPOSE OF FINANCING OR REFINANCING THE <br />ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING <br />OF FIRST POINT APARTMENTS II AND CERTAIN OTHER <br />MATTERS RELATING THERETO <br />CITY COUNCIL MINUTES 28 DECEMBER 19, 2017 <br />