10-13-2021 TEFRA Corporate Yard Housing CITY OF ORANGE
NOTICE OF PUBLIC HEARING
ORANGE CORPORATE YARD APARTMENTS
NOTICE IS HEREBY GIVEN that at an Adjourned Regular meeting on Wednesday, October 13,
2021, at 6:00 p.m. or as soon thereafter as the matter can be heard, a public hearing as required by
Section 147(f) of the Internal Revenue Code of 1986, will be held with respect to the proposed issuance
and sale by the California Municipal Finance Authority of revenue bonds in o ne or more series issued
from time to time, on behalf of C&C Development Co., LLC (the “Developer” and the “Borrower”) in
an amount not to exceed $20,000,000 (the “Bonds”).
The proceeds of the Bonds will be used to: (1) finance or refinance the acquisi tion, construction and
equipping of the Orange Corporate Yard Apartments, a multi-family, income-restricted project to be
located at 637 W. Struck Avenue, Orange, California (the “Project”); (2) pay certain expenses incurred
in connection with the issuance of the Bonds; and (3) fund a debt service reserve fund, capitalized
interest, related working capital and a repair and replacement fund in connection to the Bonds. The
Project is to be owned by a partnership of which the Developer or a related person to the Developer is
the general partner.
The hearing will be held in the Council Chamber, City of Orange, 300 E. Chapman Avenue, Orange,
California 92866. Interested persons wishing to express their views on the issuance of the Bonds or on the
nature and location of the facilities proposed to be financed or refinanced may attend the public hearing or
submit their comments by mail, email, or voicemail as set forth in the October 13, 2021, City Council
agenda.
For further information, please contact Chad Ortlieb, Senior Planner, at 300 E. Chapman Avenue, Orange,
California 92866, by telephone at (714) 744-7237, or via email at cortlieb@cityoforange.org,
Dated: September 30, 2021 CITY COUNCIL OF THE CITY OF ORANGE
PHONE (714) 744-5500 BY: PAMELA COLEMAN, CITY CLERK