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Moore Haven council approves TEFRA resolution for PRG-Union West student housing bonds
Summary
The Moore Haven City Council voted Aug. 20 to approve TEFRA Resolution No. 2024-07, clearing a local tax hearing step for the CaPFA Student Housing Revenue Bonds tied to the PRG-Union West LLC project, Series 2024. The approval was made by motion; no roll-call tally was recorded in the minutes.
The Moore Haven City Council voted Aug. 20 to approve TEFRA Resolution No. 2024-07, a local action required to move forward with CaPFA Student Housing Revenue Bonds for the PRG-Union West LLC project, Series 2024. Vice Mayor Jacob Eighner moved approval and council member Marcus “Marc” Decker seconded; the minutes record the motion as carried.
The TEFRA (Tax Equity and Fiscal Responsibility Act) resolution was listed on the council’s agenda as Item 5. The minutes do not include a roll-call vote or a recorded tally; the action is described only as “Motion Carried.” The council did not detail project financing terms or bond amounts in the meeting record.
The vote completes the local hearing step documented in the minutes; the council did not attach ordinance text, bond documents, or a public-comment record about the student housing project to the minutes. No additional conditions, amendments or next steps were recorded during the meeting. The City Clerk’s minutes note that digital recordings of the meeting are available for anyone seeking the full discussion.
The action appeared on the agenda and was approved without recorded dissent. The minutes identify the motion and its mover (Vice Mayor Jacob Eighner) and seconder (Marcus Decker) but do not list a formal vote tally or specify an effective date for the TEFRA resolution.
