Hold public hearing on $15 million refinancing for Liberty Village Apartments

Police & Community SafetyHousing

In Plain English

The California Statewide Communities Development Authority wants to issue $15 million in bonds to refinance Liberty Village Apartments. State law requires a public hearing before the city can approve this type of bond financing. If approved, the refinancing could lower borrowing costs for the apartment complex.

Auto-generated summary. Source: official agenda documents.

Votes

Close public hearing

Moved by: Councilmember BecklesSeconded by: Councilmember Myrick
Passed

Adopt Resolution No. 7-14 approving the proposed financing

Moved by: Councilmember BecklesSeconded by: Councilmember Butt
Passed