DATE: October 17, 2017
TO: Mayor and City Council
FROM: Director of Public Works
SUBJECT
Title
Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing for Financing of Airport Development Improvements by APP Properties, Inc.
EndRECOMMENDATION
Recommendation
That Council conducts a TEFRA hearing and adopts a resolution (Attachment II) approving the issuance, by the California Statewide Communities Development Authority (CSCDA), of Tax-Exempt Obligation Bonds to APP Properties, Inc. (APP) in an aggregate amount not-to-exceed $750,000.
End
ATTACHMENTS
Attachment I Staff Report
Attachment II Resolution