RESOLUTION NO. 26-4131
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FILLMORE,
CALIFORNIA APPROVING THE ISSUANCE OF THE CALIFORNIA
MUNICIPAL FINANCE AUTHORITY EXEMPT REVENUE BONDS FOR
A QUALIFIED RESIDENTIAL RENTAL PROJECT FOR THE BENEFIT
OF FILLMORE TERRACE, L.P., IN AN AMOUNT NOT TO EXCEED
$25,000,000 AND CERTAIN OTHER MATTERS RELATING THERETO
WHEREAS, People’s Self-Help Housing Corporation, a California nonprofit public benefit corporation (the “Borrower”), on behalf of Fillmore Terrace, L.P., a California limited partnership, or another ownership entity created by Fillmore Terrace LLC, a California limited liability company, its general partner (the “Developer”), or a related entity to the Developer, has requested that the California Municipal Finance Authority (the “Authority”) adopt a plan of financing providing for the issuance of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Internal Revenue Code of 1986 (the “Code”) in one or more series issued from time to time in an outstanding principal amount not to exceed $25,000,000 (the “Bonds”) to finance and refinance the acquisition, construction, improvement and equipping of a 50-unit qualified residential rental project (the “Project”) to be owned and operated by the Borrower and located at 215 and 221 Palm Street and 534 Santa Clara Street within the City of Fillmore, California (the “City”); and
WHEREAS, pursuant to Section 147(f) of the Code, the issuance of the Bonds by the Authority must be approved by the City of Fillmore (the “City”) because the Project is located within the territorial limits of the City; and
WHEREAS, the City Council of Fillmore (the “City Council”) is the elected legislative body of the City and is one of the “applicable elected representatives” required to approve the issuance of the Bonds under Section 147(f) of the Code; and WHEREAS, the Authority has requested that the City Council approve the issuance of the Bonds by the Authority in order to satisfy the public approval requirement of Section 147(f) of the Code and the requirements of Section 4 of the Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of January 1, 2004 (the “Agreement”), among certain local agencies, including the City; and
WHEREAS, pursuant to Section 147(f) of the Code, the City Council has, following notice duly given, held a public hearing regarding the issuance of the Bonds, and now desires to approve the issuance of the Bonds by the Authority for the Project.
NOW, THEREFORE, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FILLMORE, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The foregoing recitals are true and correct.
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Section 2. The City Council hereby approves the issuance of the Bons by the Authority in an amount not to exceed $25,000,000. It is the purpose and intent of the City Council that this resolution constitute approval of the issuance of Bonds by the Authority for the purposes of (a) Section 147(f) of the Code by the applicable elected representative of the governmental unit having jurisdiction over the area in which the Project is located, in accordance with said Section 147(f) and (b) Section 4 of the Agreement.
Section 3. The issuance of the Bonds shall be subject to the approval of the Authority of all financing documents relating thereto to which the Authority is a party. The City shall have no responsibility or liability whatsoever with respect to the Bonds.
Section 4. The adoption of this Resolution shall not obligate the City or any department thereof to (i) provide any financing to acquire or construct the Project or any refinancing of the Project; (ii) approve any application or request for or take any other action in connection with any planning approval, permit or other action necessary for the acquisition, construction, rehabilitation, installation or operation of the Project; (iii) make any contribution or advance any funds whatsoever to the Authority; or (iv) take any further action with respect to the Authority or its membership therein.
Section 5. The officers of the City are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents which they deem necessary or advisable in order to carry out, give effect to and comply with the terms and intent of this resolution and the financing transaction approved hereby.
Section 6. The City Clerk shall forward a certified copy of this Resolution to the Authority in care of its counsel:
Ronald E. Lee, Esq.
Jones Hall LLP
4 West 4th Avenue, Suite 406
San Mateo, CA 94402
Section 7. This resolution shall take effect immediately upon its adoption. ////
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PASSED, APPROVED, AND ADOPTED by the City Council of the City of Fillmore this 8th day of September, 2026.
Albert Mendez, Mayor
ATTEST:
Olivia Carrera Lopez, City Clerk
APPROVED AS TO FORM:
Tiffany J. Israel, City Attorney
CITY OF FILLMORE )
COUNTY OF VENTURA )§
STATE OF CALIFORNIA )
I, Olivia Carrera Lopez, City Clerk of the City of Fillmore, California, do hereby certify that the foregoing Resolution No. 26-4131 was duly passed and adopted by the City Council of the City of Fillmore at the regular meeting thereof, held on the 8th day of September, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Olivia Carrera Lopez, City Clerk
Mayor Mendez, Mayor Pro Tem Garnica, Councilmember Broggie, Councilmember Villaseñor, Councilmember Rodriguez.
None.
None.
None.
Doc ID: 6b9e0cc1068def8d88b4966849cb5ce48070ec7b
26-4131- Resolution TEFRA Hearing
26-4131-_Resoluti...ng_2187852.1_.pdf
6b9e0cc1068def8d88b4966849cb5ce48070ec7b
MM / DD / YYYY
Signed
04 / 20 / 2021
16:36:21 UTC
Electronic record and signature disclosure accepted by
([email protected])
IP: 50.112.162.3
GUID: 027209b765f14a3e6da7b156ff3277c57ae56e3b
05 / 17 / 2021
21:08:25 UTC
Electronic record and signature disclosure accepted by
([email protected])
IP: 108.178.160.123
GUID: 905aa5cc24f6479debf6ad710067f04edfd7f9d9
01 / 19 / 2023
21:02:45 UTC
Electronic record and signature disclosure accepted by
([email protected])
IP: 12.157.55.218
GUID: f35fa5388e58b4ad1d444064bce0a080dbfb553c
09 / 14 / 2026
17:18:54 UTC
Sent for signature to Olivia Carrera Lopez
([email protected]), Albert Mendez
([email protected]) and Tiffany Israel
([email protected]) from [email protected] IP: 108.178.160.123
09 / 14 / 2026
17:21:45 UTC
Viewed by Tiffany Israel ([email protected])
IP: 13.88.155.124
09 / 14 / 2026
17:21:58 UTC
Signed by Tiffany Israel ([email protected])
IP: 13.88.155.124
09 / 14 / 2026
19:13:53 UTC
Viewed by Albert Mendez ([email protected])
IP: 146.75.146.83
09 / 14 / 2026
19:14:05 UTC
Signed by Albert Mendez ([email protected])
IP: 146.75.146.83
26-4131- Resolution TEFRA Hearing
26-4131-_Resoluti...ng_2187852.1_.pdf
6b9e0cc1068def8d88b4966849cb5ce48070ec7b
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Signed
09 / 15 / 2026
17:48:26 UTC
Viewed by Olivia Carrera Lopez ([email protected]) IP: 108.178.160.123
09 / 15 / 2026
17:49:10 UTC
Signed by Olivia Carrera Lopez ([email protected]) IP: 108.178.160.123
09 / 15 / 2026 The document has been completed.
17:49:10 UTC
26-4131- Resolution TEFRA Hearing
26-4131-_Resoluti...ng_2187852.1_.pdf
6b9e0cc1068def8d88b4966849cb5ce48070ec7b
MM / DD / YYYY
Signed