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Council holds TEFRA hearing and approves resolution to allow issuance of $205 million bonds for HumanGood project
3616074 · May 30, 2025
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Summary
The council held a TEFRA hearing and adopted a resolution allowing the California Municipal Finance Authority to issue revenue and refunding bonds of up to $205 million for HumanGood to renovate the Rosewood community center; the city stated it will have no financial obligation for the bonds.
At a public hearing on May 14 the Bakersfield City Council approved a resolution required for a TEFRA hearing that enables the California Municipal Finance Authority to issue up to $205,000,000 in tax-exempt revenue and refunding bonds for HumanGood, a California nonprofit corporation,…
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