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MOTION: Solorio <br />SECOND: Villegas <br />VOTE: AYES: <br />Sarmiento, Solorio, Tinajero, Villegas (4) <br />NOES: <br />Benavides, Martinez (2) <br />ABSTAIN: <br />None (0) <br />ABSENT: <br />Pulido(1) <br />75G. PUBLIC HEARING - TAX EQUITY AND FISCAL RESPONSIBILITY <br />(TEFRA) - ISSUANCE OF TAX EXEMPT BONDS FOR THE BENEFIT <br />OF VILLA COURT SENIOR APARTMENTS, LOCATED AT 2222 E. IST <br />STREET 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 <br />Hearing closed. <br />MOTION: <br />There were no speakers and the <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 Senior Associates, a California L.P. (the <br />"Borrower"), for the benefit of Villa Court Senior Apartments (the <br />"Project") to finance the acquisition, construction, improvement <br />and equipping of a 418 -unit senior multifamily rental housing <br />project located at 2222 E. 1st Street, Santa Ana, California, <br />generally known as Villa Court Senior Apartments. <br />2. Adopt a resolution. <br />RESOLUTION NO 2017-083 - 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 $120,000,000 <br />FOR THE PURPOSE OF FINANCING OR REFINANCING THE <br />ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING <br />OF VILLA COURT SENIOR APARTMENTS AND CERTAIN OTHER <br />MATTERS RELATING THERETO <br />CITY COUNCIL MINUTES 29 DECEMBER 19, 2017 <br />