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Council holds TEFRA hearing and approves CSCDA bond issuance for Heritage Park Apartments (up to $35M)
Summary
Council opened and closed a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing and adopted a resolution consenting to issuance of tax‑exempt bonds by the California Statewide Communities Development Authority (CSCDA) to refinance Heritage Park Apartments; the city does not assume liability for the bonds.
The Roseville City Council opened a TEFRA (Tax Equity and Fiscal Responsibility Act) hearing on Feb. 5 for Heritage Park Apartments, received staff presentation and public comment, then adopted a resolution approving the issuance by the California Statewide Communities Development Authority (CSCDA) of tax‑exempt bonds for the project.
Assistant Finance…
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