TEFRA hearing - conduit financing for The RISE Block 5 Apartments
At a glance
- What: Public hearing and approval of conduit financing (tax-exempt bonds, Resolution 26-103) for The RISE Block 5 Apartments project; sponsored by California Municipal Finance Authority (CMFA) for Eden Housing, Inc. (nonprofit developer).
- Where it stands: Postponed from October 6 to October 20, 2026; council voted to postpone 5-0 at the October 6 meeting. Tabled 5-0 at applicant's request on October 20.
- Next: Re-agendized when applicant is ready; no date set.
Council action (October 6)
- Motion: Moore moved and Mohan seconded to postpone Item 11 (TEFRA hearing) to October 20, 2026.
- Vote: Passed 5-0 (Moore, Chao, Fruen, Mohan, Wang all ayes).
Public comment and labor concerns
At the October 6 meeting, speakers raised concerns about labor standards compliance:
- Speakers: Oscar Mazariegos, Daniel Alvarez, and Harvey McKeon representing North Coast States Carpenters Union; citizen Rhoda Fry.
- SB 35 requirements: Project is entitled under State Bill 35, which carries prevailing wage and skilled-and-trained workforce requirements.
- Contractor concerns: Speakers cited alleged wage assessments, a lien, wage lawsuits and Cal/OSHA citations against the general contractor (unverified here) and asked for written assurance of compliance with SB 35.
- Fee waivers: Speakers noted the council earlier arranged to waive approximately $77 million in impact and parkland fees.
- City role: Vice Mayor Chao asked staff what the city's role is in ensuring SB 35 wage compliance; City Manager Tina Kapoor said the city expected state enforcement and likely lacks direct authority.
From the video (October 6, 2026)
2026-10-06 - City Council: The postponement to October 20 passed 5-0 after union representatives urged waiting for proof of workforce standards compliance and a resident asked for financing disclosures.
Sources
- Minutes, October 6, 2026: https://cupertino.legistar.com/View.ashx?M=M&ID=1365647&GUID=29EDEDC0-2D0B-4B5A-9265-015AAE7E86BF
- Agenda: https://cupertino.legistar.com/MeetingDetail.aspx?LEGID=5300&GID=341&G=74359C04-A5F0-4CB2-A97A-0032996BB90E
- October 20 Council meeting: https://cupertino.legistar.com/MeetingDetail.aspx?LEGID=5301&GID=341&G=74359C04-A5F0-4CB2-A97A-0032996BB90E
Discussion time
About 10 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-20 - City Council | 10 |
Log
2026-10-20 - City Council
Item 12 tabled 5-0 at the applicant's request. Carpenters Union representatives spoke during oral communications about the general contractor's labor record; vice mayor asked about the city's SB 35 enforcement role.
2026-10-06 - City Council
Item 11 (TEFRA hearing and approval of conduit financing for The RISE Block 5 Apartments). Motion (Moore/Mohan) passed 5-0 to postpone to October 20, 2026. Public comment: Oscar Mazariegos, Daniel Alvarez, and Harvey McKeon (Carpenters Union) and Rhoda Fry spoke on SB 35 labor standards compliance and wage concerns regarding the general contractor. Vice Mayor Chao asked staff about city's SB 35 enforcement role.