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Council holds TEFRA hearing and approves extension of Courtyard Village bond maturity
Summary
The council held a required TEFRA hearing and approved a staff recommendation supporting a six‑month extension of the maturity date on previously issued tax‑exempt bonds for the Courtyard Village affordable housing project; the city said it has no legal responsibility for repayment.
The West Sacramento City Council on March 19 conducted a TEFRA public hearing and adopted a resolution approving the reissuance of previously issued tax‑exempt multifamily bonds for the Courtyard Village affordable housing project.
Housing Manager Raul Huerta explained the history: in February 2009 the California Statewide Communities Development Authority (CSCDA) issued approximately $10 million in tax‑exempt…
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