CITY OF NATIONAL CITY
CITY COUNCIL
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on December 5, 2023, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 will be held with respect to a plan of finance that includes the proposed issuance by the California Municipal Finance Authority (the “Authority”) of its revenue bonds in one or more series in an amount not to exceed $45,000,000 (together with a like amount of refunding bonds) (the “Bonds”), including but not limited to revenue bonds issued to finance or refinance the acquisition, construction, development and equipping of a 94-unit qualified residential rental project (the “Project”) to be located at 2312 F Avenue, site generally located north of E 24th Street, south of E 22nd Street and east of D Avenue, in the City of National City, California (the “City”). The Project is to be owned and operated by an ownership entity to be created by Wakeland Housing and Development Corporation or an affiliate thereof (such ownership entity, the “Borrower”).
The Bonds and the obligation to pay principal thereof and interest thereon and any redemption premium with respect thereto do not constitute indebtedness or an obligation of the City, the Authority, the State of California or any political subdivision thereof, within the meaning of any constitutional or statutory debt limitation, or a charge against the general credit or taxing powers of any of them. The Bonds shall be a limited obligation of the Authority, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by the Borrower.
The hearing will commence at 6:00 p.m. or as soon thereafter as the matter can be heard, and will be held in the City Hall Council Chamber, 1243 National City Boulevard, National City, California. Interested persons may provide public comment in favor or against the item by appearing in person at the above-described meeting or by email to the City Clerk at [email protected] at least 4 hours prior to the City Council Meeting to allow time for distribution to the City Council.
For more information, visit: https://www.nationalcityca.gov/government/city-clerk/publiccomments. Additional information concerning the above matter may be obtained from the City website including review of the report being presented to the City Council at https://www.nationalcityca.gov/government/city-clerk/public-meetings or by contacting the City Clerk, City Hall, 1243 National City Boulevard, National City, California 91950-4301.
Any person with a disability who requires a modification or accommodation in order to participate in a meeting should direct such request to the City Clerk’s Office (619) 336-4228 at least 24 hours in advance of the meeting. Hearing-impaired persons, please use the CAL Relay Service Number 711. Spanish Interpretation Services: Spanish Interpretation Services are available; please contact the City Clerk prior to the start of the meeting for assistance.
Shelley Chapel, City Clerk, City of National City
Published in the Star News, Friday, December 1, 2023