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Board holds TEFRA hearing and approves CSCDA bond issuance for Sequoia Living senior facility in Greenbrae
Summary
The Marin County Board of Supervisors completed a TEFRA hearing and approved a CSCDA authorization to issue up to $165 million in tax-exempt and taxable obligations to finance Sequoia Living's senior residential and care project in Greenbrae.
The Marin County Board of Supervisors conducted a TEFRA hearing Tuesday and adopted a resolution approving the California Statewide Communities Development Authority (CSCDA) issuance of tax-exempt and taxable obligations on behalf of Sequoia Living for a senior residential and care facility in Greenbrae.
Dan Eilerman, assistant county executive, and Charlie Shoemake, chief financial officer for Sequoia Living, briefed the board on the TEFRA process. Eilerman…
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