Agenda Items

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PUBLIC HEARING

14. CONDUIT FINANCING FOR THE CHATHAM VILLAGE APARTMENTS AFFORDABLE HOUSING PROJECT Conduct a public hearing under the Tax and Equity Fiscal Responsibility Act ("TEFRA") on October 20, 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 $110,000,000, (the "Bonds"), to finance and refinance the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 16331 McFadden Avenue, Tustin, California (the "Project").

REGULAR BUSINESS

15. GENERAL FUND CLOSEOUT REPORT FOR FISCAL YEAR 2025-2026 This report provides the City Council with an update of the General Fund's Fiscal Year 2025-2026 preliminary operating results based on actual year-end revenues and expenditures. General Fund operating revenues are approximately $3.6 million higher than the amended budget, whereas General Fund expenditures are approximately $3.8 million lower than the amended budget. Therefore, General Fund reserves are expected to be at $32 million as of June 30, 2026 (or 33% of the General Fund's total recurring operating expenditure).

OTHER BUSINESS/CITY MANAGER AND CITY ATTORNEY

CITY MANAGER ALDO E. SCHINDLER

CITY ATTORNEY DAVID E. KENDIG

MAYOR, MAYOR PRO TEM AND COUNCIL MEMBER COMMENTS AND REPORTS

COUNCIL MEMBER NIELSEN

COUNCIL MEMBER FINK

COUNCIL MEMBER GALLAGHER

MAYOR PRO TEM SCHNELL

MAYOR LUMBARD

ADJOURNMENT - The next meeting is scheduled on Tuesday, November 3, 2026, for the Closed Session Meeting at 4:30 p.m. and the Regular Business Meeting at 6:00 p.m.