11-16-2021 CC Minutes - Laserfiche WebLink

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City ofArts 8Z Innovation CITY COUNCIL MINUTES TUESDAY, NOVEMBER 16, 2021, 1 P.M. PUBLIC COMMENT IN PERSON/TELEPHONE ART PICK COUNCIL CHAMBER 3900 MAIN STREET authorize the Chief Financial Officer, or his designee, to record an interfund transfer from the Measure Z fund to the Measure Z Capital Fund, Pavement Rehab/Pedestrian Facilities Improvement Project. The motion carried unanimously. 2022 FOURTH OF JULY FIREWORKS CELEBRATION Following discussion, it was moved by Councilmember Perry and seconded by Councilmember Conder to defer the 2022 Fourth of July fireworks celebration to the Safety, Wellness, and Youth Committee. The motion carried unanimously. RFC'FSS The Mayor and City Council recessed at 2:42 p.m. and reconvened at 3:08 p.m. with Mayor Lock Dawson presiding and all Councilmembers present. PUBLIC HEARINGS/PLANNING REFERRALS AND APPEALS CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY - AFFORDABLE HOUSING PROJECT - 11253 PIERCE - RESOLUTION Hearing was called to consider a Tax Equity and Fiscal Responsibility Act (TEFRA) issuance of revenue bonds and the related plan of financing for the acquisition and development of Vista De La Sierra Apartments, an 80 -unit affordable housing project located at 11253 Pierce Street, Riverside, California and adopt a resolution authorizing the issuance of one or more series of revenue bonds in an aggregate authorizing amount not to exceed $40,000,000 by the California Statewide Communities Development Authority, on behalf of Golden Pierce Housing Partners, L.P., a California limited partnership company to provide for the financing of the Project. No one spoke on the matter. The public hearing was officially closed. Following discussion, it was moved by Councilmember Hemenway and seconded by Councilmember Perry to adopt a resolution authorizing the issuance of one or more series of revenue bonds in an aggregate amount not -to -exceed $40,000,000 by the California Statewide Communities Development Authority, on behalf of Golden Pierce Housing Partners, L.P., a California limited partnership company to provide for the financing of the Project. The motion carried unanimously. Whereupon, the title having been read and further reading waived, Resolution No. 23802 of the City Council of the City of Riverside Approving the Issuance by the California 107-145