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Conduct a public hearing required by the Tax and Equity Fiscal Responsibility Act of 1982 (TEFRA); and Consider adopting a resolution approving the issuance of revenue bonds by the California Municipal Finance Authority (CMFA), in an amount not to exceed $250,600,000 for the purpose of financing and/or refinancing certain costs of the acquisition, construction, expansion, remodeling, renovation, furnishing, equipping and/or improvement of the health facilities, including real estate, owned and operated by HealthCore 2470 Hilborn Fairfield LLC, HealthCore 2480 Hilborn Fairfield LLC, HealthCore 2500 Hilborn Fairfield LLC, HealthCore 360 Campus Fairfield LLC, HealthCore 421 Nut Tree Vacaville LLC, HealthCore 1010 Nut Tree Vacaville LLC, HealthCore 1860 Pennsylvania Fairfield LLC, HealthCore 1101 B Gale Wilson Fairfield LLC, HealthCore 4500 Business Center Fairfield LLC, and HealthCore 4520 Business Center Fairfield LLC (collectively, the “Borrowers”) and leased to NorthBay Group and/or NorthBay Corporation, located within Solano County
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Published Notice Required? Yes _X__ No _ _
Public Hearing Required? Yes _X__ No _ _
DEPARTMENTAL RECOMMENDATION:
It is recommended that the Board of Supervisors conduct a public hearing as required by the Tax and Equity Fiscal Responsibility Act of 1982 (TEFRA) and consider adopting a resolution approving the issuance of revenue bonds by the California Municipal Finance Authority (CMFA), in an amount not to exceed $250,600,000 for the purpose of financing and/or refinancing certain costs of the acquisition, construction, expansion, remodeling, renovation, furnishing, equipping and/or improvement of the health facilities, including real estate, owned and operated by HealthCore 2470 Hilborn Fairfield LLC, HealthCore 2480 Hilborn Fairfield LLC, HealthCore 2500 Hilborn Fairfield LLC, HealthCore 360 Campus Fairfield LLC, HealthCore 421 Nut Tree Vacaville, LLC HealthCore 1010 Nut Tree Vacaville LLC, HealthCo...
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