HomeMy WebLinkAboutItem 5 Resolution
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA DESIGNATING A HEARING OFFICER TO
CONDUCT A PUBLIC HEARING REGARDING THE
ISSUANCE, SALE AND DELIVERY OF MULTIFAMILY
HOUSING REVENUE BONDS OF THE CHULA VISTA
HOUSING AUTHORITY
WHEREAS, the Chula Vista Housing Authority (the “Authority”) intends to issue not to
exceed $35,000,000 aggregate principal amount of multifamily housing revenue notes (the
“Notes”) to finance the costs of developing a 175-unit multifamily rental housing project known
as Otay Ranch Apartments located east of La Media Parkway and bounded by Main East Street
and Main West Street within the Otay Ranch Escaya master planned community (the “Project”)
in the City of Chula Vista, California (the “City”); and
WHEREAS, the Project will be owned and/or operated by Otay Affordable I V8, LP, or
another limited partnership affiliated with Meta Housing Corporation (the “Owner”); and
WHEREAS, pursuant to Section 147(f) of the Internal Revenue Code of 1986, as
amended (the “Code”), the Bonds are required to be approved, following a public hearing (the
“TEFRA Hearing”), by an elected representative of the governmental unit having jurisdiction
over the area in which the Project is located; and
WHEREAS, the Project is located wholly within the geographic jurisdiction of the City;
and
WHEREAS, the City Council is the elected legislative body of the City; and
WHEREAS, in accordance with State Guidelines issued regarding COVID-19 pandemic,
the City has modified its operations, per Emergency Order 002-D-2020 of the Chula Vista
Director of Emergency Services, to conduct all City Council meetings via teleconference until
further notice;
WHEREAS, 26 C.F.R. sec.1.147(f)-1 [“Section 1.147(f)-1”] permits the requisite public
hearing to be conducted by any individual appointed or employed by the City, its agencies, or the
issuer, pursuant to procedures established by the City that allow interested individuals a
reasonable opportunity to express their views; and
WHEREAS, in the interest of the health and safety of the community, the City desires to
designate an individual to conduct a TEFRA Hearing, in accordance with Section 1.147(f)-1
during such states of emergency.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Chula
Vista, as follows:
Resolution No. _________
Page 2
Section 1. The City Council does hereby find and declare that the above recitals are true
and correct.
Section 2. Pursuant to Section 147(f)-1, the City Council hereby designates the City
Manager as the hearing officer appointed to conduct TEFRA Hearings during such times
designated as a state of emergency, at the time, date and location of their selection and to publish
all notices and take all other actions required in connection therewith. All persons who wish to
participate in a TEFRA hearing and desiring to speak at the hearing must make a written request
to speak at least 24 hours before the hearing by coordinating with the City Clerk’s Office and
must limit their oral remarks as prescribed in Chula Vista Municipal Code Section 2.04.230.
Section 3. This Resolution shall take effect from and after the date of its adoption.
Presented by Approved as to form by
Tiffany Allen Glen R. Googins
Director of Development Services City Attorney