Official Notice of Public Hearing Rescheduled to Tuesday, Feb. 8, 2022
Proposed plan of financing providing for the issuance by the California Municipal Finance Authority
OFFICIAL NOTICE OF PUBLIC HEARING
HAYWARD CITY COUNCIL
HEARING DATE RESCHEDULED TO FEBRUARY 8, 2022
NOTICE IS HEREBY GIVEN that on Tuesday, February 8, 2022, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 (the “Code”), will be held with respect to a proposed plan of financing providing for the issuance by the California Municipal Finance Authority (the “Authority”) of qualified 501(c)(3) bonds, as defined in Section 145 of the Code, for a residential rental project in one or more series issued from time to time, including bonds issued to refund such qualified 501(c)(3) bonds in one or more series from time to time, in an amount not to exceed $45,000,000 in aggregate principal amount (the “Bonds”). The proceeds of the Bonds will be used by IH Andina Hayward LLC with Affordable Housing Alliance II, Inc., doing business as Integrity Housing as the sole member (the “Borrower”) to: (1) finance or refinance the acquisition, rehabilitation, improvement and equipping of Andina Apartments, a multifamily rental housing project located at 1180-1182 E Street, Hayward, California (the “Project”); and (2) pay certain expenses incurred in connection with the issuance of the Bonds.
The Project is or will be owned and operated by the Borrower which is an organization described in Section 501(c)(3) of the Code.
The Bonds and the obligation to pay principal of and interest thereon and any redemption premium with respect thereto do not constitute indebtedness or an obligation of the Agency, 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 a limited obligation of the Agency, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by the Borrower.
The hearing will commence at 7:00 p.m. or as soon thereafter as the matter can be heard, and it is anticipated to be held as a hybrid model which would allow for participation in the Council Chambers (777 B Street, 2nd Floor, Hayward, California) and virtually via the Zoom platform consistent with Assembly Bill 361/Government Code section 54953(e). If the current wave of infections driven by the Omicron variant does not subside, the Council meeting will be held online-only via the Zoom platform. Please refer to the posted City Council agenda for information.
Interested persons wishing to express their views on the issuance of the Bonds or on the nature and location of the facilities proposed to be financed or refinanced may join the meeting or submit written comments to the City Clerk, City of Hayward, 777 B Street, 4th Floor, Hayward, California 94541 or via email to email@example.com prior to the time of the hearing. Written comments received by 3:00 p.m. on February 8, 2022, will be distributed to Council and published on the City’s Meeting and Agenda Center under Documents Received After Published Agenda. Documents received after 3:00 p.m. through the adjournment of the meeting will be included as part of the meeting record and published the following day.
For additional information, please contact: City Clerk, City of Hayward, 777 B Street, 4th Floor, Hayward, California 94541, (510) 583-4400, firstname.lastname@example.org. A copy of the staff report may be reviewed at the City's website at https://hayward.legistar.com/DepartmentDetail.aspx?ID=30850&GUID=ABB40C93-B4A0-406D-809B-03936402537F. Staff reports are available the Friday before the public hearing date noted above.
Assistance will be provided to those requiring accommodations for disabilities in compliance with the Americans with Disabilities Act of 1990. Persons needing accommodation should contact the City Clerk's Office 48 hours in advance of the meeting at (510) 583-4400, or by using the TDD line for those with speech and hearing disabilities at (510) 247-3340.
PLEASE TAKE NOTICE that if you file a lawsuit challenging any final decision on the subject of this notice, the issues in the lawsuit may be limited to the issues which were raised at the City's public hearing or presented in writing to the City Clerk at or before the public hearing. By Resolution, the City Council has imposed the 90-day time deadline set forth in C.C.P. Section 1094.6 for filing of any lawsuit challenging final action on an item which is subject to C.C.P. Section 1094.5.
City Clerk of the City of Hayward
Download the full Public Notice.