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Agenda Item

9. CONDUIT FINANCING FOR USA TUSTIN LEGACY 5 & 6 APARTMENTS PROJECT Conduct a public hearing under the Tax and Equity Fiscal Responsibility Act ("TEFRA") on April 21, 2026 in connection with the proposed issuance of revenue bonds by the California Municipal Finance Authority (the "CMFA"), a joint exercise of powers authority and public entity of the State of California, in an amount not to exceed $80,000,000, (the "Bonds"), to finance and refinance the acquisition, construction, development and equipping of a 334-unit (including four manager's units) multifamily rental housing project located on an approximately 5.46-acre site generally bounded by Warner Avenue to the north, Compass Avenue to the west, Legacy Road to the east and Airship Avenue to the south (the "Project") in the City of Tustin.

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