NOTICE IS HEREBY GIVEN that the Los Angeles County Development Authority (LACDA) will hold a public hearing on October 31, 2024, as required and authorized by Section 147(f) of the Internal Revenue Code of 1986, with respect to a proposed plan of financing providing for the issuance of one or more series of multifamily housing revenue bonds or notes from time to time, including bonds or notes issued to refund such revenue bonds or notes from time to time, and at no time to exceed $7,609,603 in outstanding aggregate principal amount, which will be deemed to refinance a portion of the cost to Ramona Metro Point, L.P. (or an affiliate, assign or designee) (the “Borrower”) for the acquisition, development and construction of Ramona Metro Point, a 51-unit development to be located at 11016 Ramona Boulevard (also known as 3436 & 3454 Tyler Avenue), El Monte, California 91731 (District 1), in the incorporated City of El Monte, in the County of Los Angeles, California.

The hearing will be conducted pursuant to the provisions of California Assembly Bill 361 (AB 361) as set forth under California Government Code Section 54953, which suspends certain requirements of the Ralph M. Brown Act. The hearing will be conducted by teleconference only, as authorized by the Internal Revenue Service under Revenue Procedure 2021-39 and AB 361.

The hearing will commence at 11:00 a.m. at the following toll-free telephone number: (833) 850-5215.  Enter conference code 648822745#.  All persons wishing to express their views on the plan of financing, issuance of the bonds or notes or on the nature and location of the projects proposed to be financed will be given an opportunity to do so by calling into the telephonic meeting or providing written comments in advance.  Written comments may be submitted to Matthew Lust, Los Angeles County Development Authority, 700 West Main Street, Alhambra, California 91801‑3312 or via email to mfbonds@lacda.org.

Questions concerning the hearing and related matters may be directed to Matthew Lust, at the Los Angeles County Development Authority, 700 West Main Street, Alhambra, California 91801‑3312 or by telephone at (626) 586‑1809.

Personas que desean obtener mas informacion o hacer un comentario pueden llamar a Gabriela Ochoa-Martinez al telefono (626) 586‑1840.

Published on:  October 24, 2024