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2017-12-19 Regular
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2017-12-19 Regular
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City Clerk
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Minutes
Agency
Clerk of the Council
Date
12/19/2017
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MOTION: Approve the Budget Calendar for Fiscal Year (FY) 2018- <br />2019. <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 />PUBLIC HEARINGS <br />75A. AGENDA ITEM CONSIDERED OUT OF ORDER <br />75B. AGEENDA ITEM CONSIDERED OUT OF ORDER <br />75C. PUBLIC HEARING - TAX EQUITY AND FISCAL RESPONSIBILITY <br />(TEFRA) - ISSUANCE OF TAX EXEMPT BONDS FOR THE BENEFIT OF <br />AQUA APARTMENTS, LOCATED AT 317 EAST 17TH STREET AND <br />RESOLUTION APPROVING THE ISSUANCE OF BONDS {STRATEGIC <br />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 />MOITON: <br />1. Conduct a Tax Equity and Fiscal Responsibility Act Hearing in <br />consideration of the issuance of tax exempt bond financing by <br />the California Statewide Communities Development Authority <br />("CSCDA" or the "Authority") on behalf of Community <br />Development Partners (the "Borrower"), for the benefit of Aqua <br />Apartments (the "Project") to finance the acquisition, <br />rehabilitation, improvement, and equipping of the Project, a 57 - <br />unit multifamily rental housing project located at 317 East 17th <br />Street, Santa Ana, California. <br />CITY COUNCIL MINUTES 33 DECEMBER 19, 2017 <br />
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