ID 23-937 Tax Equity and Financial Responsibility Act (TEFRA) public hearing.
TEFRA HEARING - To hear and consider information concerning the proposed issuance of tax-exempt bonds by the California Municipal Finance Authority ("CMFA") for the purpose of financing the acquisition, construction, installation and equipping of Hotel Fresno Apartments (the Project), a multifamily rental housing project located at 1241-1263 Broadway Plaza, Fresno, California 93721. Proceeds of the Bonds will be loaned to Broadway Plaza Family Apartments, LP (the "Borrower") in partnership with APEC International, LLC (the "Developer").
1. ***RESOLUTION - Approving the issuance by the California Municipal Finance Authority of multifamily housing revenue bonds in an aggregate principal amount not to exceed $20,000,000 for the purpose of financing or refinancing the acquisition, construction, improvement and equipping of Hotel Fresno Apartments and certain other matters relating thereto. (Subject to Mayor's Veto)