San Jose Ca.Gov
File #: 20-215    Version: 1
Type: Community & Economic Development Status: Agenda Ready
File created: 2/24/2020 In control: City Council
On agenda: 3/10/2020 Final action:
Title: TEFRA Hearing for California Statewide Communities Development Authority's Issuance of Tax-Exempt Multifamily Revenue Bonds to Acquire and Rehabilitate the Valley Palms Apartments. - TO BE HEARD IN THE EVENING
Attachments: 1. Memorandum, 2. Attachment A, 3. Attachment B, 4. Resolution, 5. Supplemental Memorandum, 6. Memorandum 3/9/2020 from Esparza, 7. Presentation

...Title

TEFRA Hearing for California Statewide Communities Development Authority's Issuance of Tax-Exempt Multifamily Revenue Bonds to Acquire and Rehabilitate the Valley Palms Apartments. - TO BE HEARD IN THE EVENING

...Recommendations

(a)                     Hold a Tax Equity and Fiscal Responsibility Act of 1982 ("TEFRA") public hearing for the issuance not to exceed $120,000,000 in tax-exempt private-activity bonds by the California Statewide Community Development Authority to finance the Project and to pay certain expenses incurred in connection with the issuance of the bonds.

(b)                     Adopt a resolution approving the issuance of Tax-Exempt Revenue Bonds by the California Statewide Community Development Authority in a principal amount not to exceed $120,000,000 to be used to finance the Project and to pay certain expenses incurred in connection with the issuance of the tax-exempt private activity bonds.

CEQA: Categorically Exempt, CEQA Guidelines Section 15301, Existing Facilities, File No. PP20-010. Council District 7. (Housing)

TO BE HEARD IN THE EVENING