City of Simi Valley Staff Report A Public Hearing to consider adoption of a resolution approving the issuance of tax-exempt revenue bonds 2026-05-11
Proposed Bond Issuance for Tapo Street Apartments
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Description
The public hearing procedure outlines a potential action for the Simi Valley City Council to approve up to $60 million in revenue bonds for Simi Valley Pacific Associates II, LP. The California Municipal Finance Authority would issue the bonds to finance or refinance the Tapo Street Apartments project.
Contract Details
Contract Amount
Not to exceed $60,000,000
Vendor
SIMI VALLEY PACIFIC ASSOCIATES II LP
Agency
City of Simi Valley, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
No renewal or extension terms are described; the item is framed as a single approval of bond issuance authority and is presented as an optional Council action.
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