Hold public hearing on $27 million housing bond for St. John's Partners development
In Plain English
Federal law requires cities to hold public hearings before tax-exempt bonds finance private housing projects. St. John's Partners wants to use $27 million in bonds for a multifamily housing development. If approved after the hearing, the developer gets lower interest rates and residents get more affordable housing units.
Auto-generated summary. Source: official agenda documents.
Votes
Close public hearing
6 to 0
Adopt Resolution No. 133-12
6 to 0
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