Deborah A. Moreno

The California Municipal Finance Authority meeting addressed several procedural and action items. Procedural matters included the approval of prior meeting minutes and public comment, which was waived. Action items approved by consent included the waiver of second reading and adoption of an ordinance levying special taxes for Community Facilities District No. 2024-15 (County of San Joaquin - Ligurian Village), the adoption of a resolution to amend the Rate and Method of Apportionment for District No. 2021-9 (County of Placer -- Bickford Ranch), and preliminary approvals for numerous applicants under the Charitable Affordable Housing Grant Program. Regular agenda actions authorized the issuance of revenue bonds or other obligations for multifamily housing projects for Rancho Sierra I LP (up to $15,000,000), Linc Windsor Park LP (up to $25,000,000), and a Waste Management Project (up to $100,000,000). Additionally, charitable grants were authorized for four entities. Significant action involved the annexation of territory into Community Facilities District No. 2022-6 (County of Sacramento -- Wildhawk North), which included holding a public hearing, submitting the proposal to qualified electors, and subsequent authorization for the issuance and sale of special tax bonds (BOLD Series 2024) for Improvement Area No. 2 of CFD No. 2023-5 (County of Sacramento -- The Gap) and authorization for the issuance and sale of special tax revenue bonds for multiple CFDs. The meeting concluded with the approval of a Third Amendment to the Credit Agreement with Royal Bank of Canada. The California Foundation for Stronger Communities and California Foundation for Public Facilities also met concurrently, approving multiple charitable donations totaling $190,000 for various organizations.

The meeting addressed several procedural and action items for the Authority. Procedural items included calling the meeting to order and approving prior minutes. Action items involved the consent approval for the waiver of second reading and adoption of an Ordinance levying special taxes within Community Facilities District No. 2023-7 (City of Elk Grove -- Madeira Ranch), and approval of a resolution requesting Nevada County to collect special taxes for Community Facilities District No. 2019-2 (Town of Truckee - Coldstream). The regular agenda included declaring the Authority's intent to incur tax-exempt and/or taxable obligations to finance the Caritas Project for Caritas Corporation in Los Angeles County. Furthermore, the board authorized the issuance of revenue bonds or other obligations to finance or refinance numerous apartment projects across various cities and counties, including Indio, Fremont, Milpitas, Orland, Oakland, Pismo Beach, Palm Springs, Santa Fe Springs, Pacifica, and Riverside. Additionally, action was taken regarding charitable grants under the CMFA Charitable Affordable Housing Program, approving the grant for Alvarado Affordable Associates, L.P. (Alvarado Streets Apartments), while pulling two other grant items. The Authority also declared its intention to establish and incur bonded indebtedness for Community Facilities District No. 2023-2 (City of Lincoln - Twelve Bridges, Village 3). Finally, the formation of Community Facilities District No. 2023-6 (City of Lincoln -- Magnolia Village) was authorized, including holding a public hearing, approving resolutions for formation, incurring bonded indebtedness, calling a special election, announcing election results, and levying special taxes. Informational items included an Executive Director Report and other administrative updates.

The agenda for the California Municipal Finance Authority meeting includes procedural items such as the call to order and public comment. Key action items focus on the waiver of second readings and adoption of ordinances levying special taxes for multiple Community Facilities Districts, including those for the City of Lancaster, City of Roseville, County of Sacramento, and NCLUSD. The regular agenda centers on declaring the CMFA's intent to incur significant tax-exempt and/or taxable obligations, totaling hundreds of millions of dollars, for various housing projects across multiple California cities and counties. Other action items involve approving insurance coverage, authorizing the issuance and sale of special tax revenue bonds for several CFDs, declaring an intention to establish a new Community Facilities District for the City of Hesperia, and authorizing the formation of a Community Facilities District for the City of Lincoln.

The California Municipal Finance Authority meeting addressed procedural items, including adopting findings for the continuation of teleconference meetings. Action items involved declaring intent to incur tax-exempt and/or taxable obligations to finance several projects, such as the Three 21 @ Belmont Apartments and various apartment complexes across multiple counties. The Board also authorized the issuance of revenue bonds for refinancing projects including Hotel Fresno Apartments, Somis Ranch Apartments, Vista Sunrise II Apartments, Pacific Wind Apartments, The Redwoods, and Little Tokyo Towers Apartments. Furthermore, the Authority discussed and approved a development loan for the 2121 Wood Apartments project in Oakland. A significant portion of the meeting involved the successful authorization and formation of Community Facilities District No. 2021-17 (Spring Canyon) in Los Angeles County, including the approval of necessary resolutions, a public hearing, and an election, as well as the authorization and formation of Community Facilities District No. 2021-18 (Jurupa Area Recreation and Park District -- Montecito/Hudson) and Community Facilities District No. 2021-19 (City of Rancho Cordova -- Douglas 98, Phase 3). Informational items included reports from the Executive Director, Marketing, Membership, Transaction, Legislative, and Legal departments.

The meeting included a public hearing regarding the formation, bond issuance, and appropriation limits for the proposed California Municipal Finance Authority Community Facilities District No. 2019-1 (County of Placer -- Placer Vineyards). Key actions involved passing resolutions to form this district, determine the necessity to incur bonded indebtedness, call a special election, and declare the results of that special election. The Board also discussed and passed initial and final resolutions concerning the issuance of various revenue bonds and notes for multiple housing and healthcare projects across several California counties, totaling significant amounts.