|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)|
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:
- 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.
- 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.