NOTICE IS HEREBY GIVEN that on August 20, 2024, 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 by the California Municipal Finance Authority (the “Authority”) of its revenue bonds in one or more series in an amount not to exceed $65,000,000 (the “Bonds”), including but not limited to revenue bonds issued as part of a plan to finance improvements and refinance all or a portion of bonds previously issued by the California Statewide Communities Development Authority, ABAG Finance Authority for Nonprofit Corporations and the California Municipal Finance Authority to finance and refinance (i) an assisted living facility owned and operated by the Borrower located at 3939 Walnut Avenue and 3849 Walnut Avenue, Carmichael, California, in an amount of Bonds not to exceed $30,000,000, (ii) a retirement community owned and operated by the Borrower located at 3225 Freeport Blvd., Sacramento, California, in an amount of Bonds not to exceed $15,000,000, and (iii) an assisted living facility owned and operated by the Borrower located at 11390 Coloma Road, Gold River, California, in an amount of Bonds not to exceed $20,000,000, all within the County of Sacramento. The facilities are owned and operated by Eskaton Properties, Incorporated, a nonprofit, public benefit corporation organized and existing under the laws of the State of California and an organization described in section 501(c)(3) of the Internal Revenue Code.
The Bonds and the obligation to pay principal thereof and interest thereon and any redemption premium with respect thereto do not constitute indebtedness or an obligation of the County of Sacramento, the Authority, the State of California or any political subdivision thereof, within the meaning of any constitutional or statutory debt limitation, or a charge against the general credit or taxing powers of any of them. The Bonds shall be a limited obligation of the Authority, payable solely from certain revenues duly pledged therefor and generally representing amounts paid by the Borrower.
The hearing will commence at 10:00 a.m. or as soon thereafter as the matter can be heard, and will be held Board of Supervisors Chambers, County of Sacramento, 700 H Street, Room 1450, Sacramento, California. 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 may attend the public hearing or prior to the time of the hearing, submit written comments.
Additional information concerning the above matter may be obtained from, and written comments should be addressed to, Clerk of the Board, County of Sacramento, 700 H Street, Sacramento, California 95814.
Public Comment Procedures
The Board of Supervisors fosters public engagement during the meeting and encourages public participation, civility and use of courteous language. The Board does not condone the use of profanity, vulgar language, gestures or other inappropriate behavior including personal attacks or threats directed towards any meeting participant.
Written Comment
Contact information is optional. Written communication is distributed, published and filed in the record.
- Send an email comment to BoardClerk@saccounty.gov. Include meeting date and agenda item number or off-agenda item.
- Mail a comment to 700 H Street, Suite 2450, Sacramento, CA 95814. Include meeting date and agenda item number or off-agenda item.
View Meeting
The meeting is videotaped and cablecast live on Metrocable 14 on the Comcast, Consolidated Communications and AT&T U-Verse Systems. It is closed captioned for hearing impaired viewers and webcast live at http://metro14live.saccounty.gov. There will be a rebroadcast of this meeting on Friday at 6:00 p.m.
Meeting Materials
The on-line version of the agenda and associated material is available at http://bospublicmeetings.saccounty.gov. Some documents may not be posted on-line because of size or format (maps, site plans, renderings). Contact the Clerk's Office at (916) 874-5411 to obtain copies of documents.
Accomodations
If there is a need for an accommodation pursuant to the Americans with Disabilities Act (ADA), medical reasons or for other needs, please contact the Clerk of the Board by telephone at (916) 874-5411 (voice) and CA Relay Services 711 or email BoardClerk@saccounty.gov prior to the meeting.
BY THE ORDER OF THE BOARD OF SUPERVISORS, County of Sacramento, State of California, this 9th day of August, 2024.
FLORENCE EVANS, Clerk Board of Supervisors
