Ephesian Legacy Court Bond Financing

At a glance

• What: A required local public hearing and approval for tax-exempt bonds that the California Municipal Finance Authority (CMFA) will issue for Ephesian Legacy Court, an apartment project of Ephesian Legacy Court Limited Partnership.
• Where it stands: Hearing held April 28, 2026 with 0 speakers; Resolution No. 72,252-N.S. adopted, all ayes.
• Next: The CMFA issues the bonds; the City's action only satisfies federal tax law requirements.

Detail

• Item 13, from the City Manager. Contact: Scott Gilman, Health, Housing, and Community Services.
• The hearing was held under the Tax and Equity Fiscal Responsibility Act (TEFRA) and the Internal Revenue Code. The adoption is intended solely to satisfy TEFRA, the Code and California Government Code Section 6500 and following.
• The hearing was closed on a motion by Humbert, seconded by Tregub, all ayes. The resolution was moved by Humbert and seconded by Kesarwani, all ayes.

Sources

• City Council regular meeting minutes, April 28, 2026 (approved minutes batch): https://berkeleyca.gov/sites/default/files/2026-05/2026-05-19%20Item%2002%20Minutes%20for%20Approval.pdf

Log

2026-04-28 - City Council (regular)

TEFRA public hearing (0 speakers); Resolution No. 72,252-N.S. approving the CMFA bond issuance adopted (Humbert/Kesarwani), all ayes.