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Resolution#210693Passed
In plain English
This resolution approves the issuance of up to $450 million in bonds to finance or refinance the development and improvement of senior living facilities by Front Porch Communities and Services. It is part of a financial plan facilitated by the California Statewide Communities Development Authority.
Resolution approving for the purposes of Internal Revenue Code of 1986, Section 147(f), as amended, the issuance of obligations pursuant to a plan of finance by the California Statewide Communities Development Authority in an aggregate principal amount not to exceed $450,000,000 for the purpose of financing and/or refinancing the acquisition, construction, equipping, improvement, renovation, rehabilitation and/or remodeling of senior living and related facilities by Front Porch Communities and Services; and certain other matters relating thereto, as defined herein.
How it got here
Document trail
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How they voted
ADOPTED
Board of Supervisors ยท Jul 20, 2021Pass
4-0
Legislative journey
PresidentJun 8, 2021 โ Jul 7, 2021
โRECEIVED AND ASSIGNED
ยทTRANSFERRED
Budget and Finance CommitteeJul 14, 2021
โRECOMMENDEDPass
Board of SupervisorsJul 20, 2021
โADOPTEDPass
MayorJul 30, 2021
โAPPROVED