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Council approves expedited TEFRA finding to allow senior-housing conduit bond filing

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Facing an Oct. 4 filing deadline, the council found an urgent need to act and approved a TEFRA-related action so Phillips Temple Community Development, a nonprofit, could proceed with conduit bond financing for a 20-unit senior housing project.

The City Council on Oct. 2, 2001, made the findings required to proceed with a TEFRA public hearing and related actions so that Phillips Temple Community Development, a California nonprofit, could file for conduit bond…

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