05-19-2020 - PowerPoint Item #8CITY COUNCIL MEETING
MAY 19, 2020
ITEM #8 - PUBLIC HEARING TEFRA EMANATE HEALTH
TAX EQUITY FISCAL RESPONSIBILITY ACT (TEFRA)
California Statewide Communities Development Authority (CSCDA)
Tax -Exempt Bond Financing for community infrastructure, affordable housing, make access available to quality healthcare and education
among others.
West Covina as the governmental unit having jurisdiction over the area must conduct aTEFRA Hearing &Approval of Bond Issuance
Emanate Health is seeking tax-
exempt bonds not to exceed
$260 million for 3 facilities
located in West Covina, Covina,
Glendora.
■ Portion of Bonds will be utilized
for Expansion of the Queen of
the Valley Hospital
■ Portion of Bonds will go
towards refinancing Emanate
Health debt at the 3 facilities
CITY ENTITLEMENTS':
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Queen of the Valley Hospital Expansion
Specific Plan (Zone Change,
General Plan Amendment, EIR)
Planning Commission: 9/24/2019
City Council: 3/10/2020
■ Precise Plan (Medical Office -
Building & Parking Structure)
In Plan -Review `J
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PARKING STRUCTURE