Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council holds TERA hearing and approves resolution to permit public‑finance authority bond issuance for a behavioral‑health facility
Summary
Council held the federally required TERA public hearing and adopted a resolution authorizing issuance of public‑finance authority revenue bonds for Flyland Holdings LLC as part of a larger financing; up to about $11 million would finance the Roseville facility and any bonds would be the borrower's obligation, not the city's.
Scott Pentingel, the city’s finance director, opened a federally mandated Tax Equity and Fiscal Responsibility Act (TERA) public hearing on a proposed issuance of tax‑exempt and/or taxable revenue bonds to refinance a behavioral health and substance‑use disorder outpatient facility at 317 Douglas Boulevard.
Pentingel told…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
