Los Angeles City Council, Continuation Agenda
Wednesday, May 13, 2020
JOHN FERRARO COUNCIL CHAMBER ROOM 340, CITY HALL 200 NORTH SPRING STREET, LOS ANGELES, CA 90012 - 10:00 AM

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CONTINUED FROM MAY 12, 2020




Items for which Public Hearings Have Not Been Held - (10 Votes Required for Consideration)
ITEM NO.(26)
20-0563
CD 9

CONTINUED CONSIDERATION OF MOTION (PRICE - MARTINEZ) and RESOLUTION relative to issuing Multifamily  Housing Revenue Bonds, in an amount not to exceed $18,503,750, to finance the new construction of a 57-unit multifamily housing project known as Main Street Apartments located at 5501 and 5511 South Main Street. 

 

Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR:

  1. CONSIDER the attached results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on March 16, 2020 for Main Street Apartments.

  2. ADOPT the attached TEFRA RESOLUTION approving the issuance of bonds in an amount not to exceed $18,503,750 for the new construction of a 57-unit multifamily housing project located at 5501 and 5511 South Main Street in Council District 9.