NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that at 6 p.m. on March 22, 2022, or as soon thereafter as practicable, at the regular meeting place of the City Council of the City of Santa Clarita (the “City”), City Council Chambers, 23920 Valencia Boulevard, Santa Clarita, California 91355, a public hearing as required by Section 147( f) of the Internal Revenue Code of 1986 will be held with respect to the proposed issuance by the California Municipal Finance Authority (the “Authority”) of its revenue bonds in one or more series in an aggregate principal amount not to exceed $15,000,000 (the “Bonds”), including but not limited to revenue bonds issued as part of a plan to: (1) finance and refinance the acquisition and rehabilitation of a 64-unit multifamily rental housing facility for low-income seniors located at 23420 Avenida Rotella, Santa Clarita, California 91355; and (2) pay certain expenses incurred in connection with the issuance of the Bonds. The facilities are to be owned and operated by Canterbury Village LP, a California limited partnership, or another entity created by HumanGood Affordable Housing, a California nonprofit public benefit corporation, or an affiliate thereof (the “Borrower”).
The Bonds and the obligation to pay principal thereof and interest thereon and any redemption premium with respect thereto do not constitu te 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.
Interested persons wishing to express their views on the issuance of the Bonds or on the nature and location of the facilities proposed to be financed and refinanced may attend the public hearing or, prior to the time of the hearing, submit written comments.
Inquiries concerning the Projects may be directed to HumanGood Affordable Housing, 1900 Huntington Drive, Duarte, California 91010, Telephone: (818) 638-4565, Attention: Orest Dolyniuk, Development Director.
Those wishing to comment on the sale, execution and delivery of the Bonds or on the proposed nature and description of the Projects and the financing of the Projects with the proceeds of the Bonds may either appear in person at the time and place indicated above or submit written comments, which must be received prior to the public hearing. Written comments should be sent to City of Santa Clarita, 23920 Valencia Boulevard, Suite 120, Santa Clarita, CA 91355, Attention City Clerk.
Dated: March 3, 2022
Mary Cusick, MMC
City Clerk
Publish Date: March 12, 2022