NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on July 21, 2025, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 will be held with respect to a proposed plan of finance of the California Municipal Finance Authority (the “Authority”) to issue and reissue from time to time, one or more series of revenue bonds in an outstanding principal amount not to exceed $28,000,000 (the “Bonds”), to finance and refinance the acquisition, construction, development and equipping of an 80-unit qualified residential rental project located at the northwest corner of Ferguson Avenue and North Dinuba Boulevard (the “Project”) in the City of Visalia, California (the “City”). The Project is to be owned and operated by Crescent Meadows, L.P., a California limited partnership, or by another ownership entity to be created by its general partners, SHE Crescent Meadows LLC , a California limited liability company, and Visalia Senior Housing 3 LLC, a California limited liability company, or by another affiliate of such general partner’s sole member, Self-Help Enterprises , a California nonprofit corporation (such limited partnership or other 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 limited obligations of the Authority, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by the Borrower.
The public hearing will commence at 7:00 p.m., or as soon thereafter as the matter can be heard, as part of the open session of the City Council meeting in the City Council Chambers, 707 W.
Acequia Avenue, Visalia, California 93291. Interested persons wishing to express their views on the proposed plan of finance or on the nature and location of the facilities proposed to be financed may attend the hearing or, prior to the time of the hearing, submit written comments via email to [email protected] by 5:00 p.m. on July 21, 2025.
Additional information concerning the above matter may be obtained from, and written comments should be addressed to, City Clerk, City of Visalia, 220 N. Santa Fe Street , Visalia, California 93292.
Dated: July 14, 2025