HomeMy WebLinkAbout2026-08-28 Public Hearing Notice - TEFRA - 36101 Explorer Drive
C I T Y O F P A L M D E S E R T
73-510 FRED WARING DRIVE
PALM DESERT, CALIFORNIA 92260-2578
TEL: 760-776-6483
PLANNING@PALMDESERT.GOV
CITY OF PALM DESERT
PUBLIC HEARING NOTICE
VITALIA APARTMENTS - TAX EQUITY AND FISCAL RESPONSIBILITY ACT HEARING
NOTICE IS HEREBY GIVEN that on September 10, 2026, the City of Palm Desert will hold
a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 (the
“Code”). The hearing will concern a proposed plan by the California Municipal Finance
Authority (the “Authority”) to issue exempt facility bonds to finance a qualified
residential rental project pursuant to Section 142(a)(7) of the Code. The bonds may be
issued from time to time in one or more series, including series issued to refund
previously issued bonds, in an aggregate principal amount not to exceed $62,000,000
(the “Bonds”).
PROJECT LOCATION: 36101 Explorer Drive, Palm Desert, California
PROJECT DESCRIPTION: The proceeds of the Bonds will be used to: (1) finance or refinance
the acquisition, construction, improvement and equipping of Vitalia Apartments, a multifamily
rental housing project located at 36101 Explorer Drive, Palm Desert, California; and (2) pay
certain expenses incurred in connection with the issuance of the Bonds. The facilities are to be
owned by Palm Desert Pacific Associates, a California Limited Partnership (the "Borrower") or a
partnership of which Pacific West Communities, Inc. (the "Developer") or a related person to the
Developer is the general partner.
The Bonds and the obligation to pay principal of and interest thereon and any redemption
premium with respect thereto do not constitute indebtedness or an obligation of 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.
PUBLIC HEARING: The hearing will commence at 4:00 p.m. or as soon thereafter as the matter
can be heard, and will be held in the City Council Chamber, 73-510 Fred Waring Drive, Palm
Desert, 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 or refinanced may
attend the public hearing or submit written comments by the deadline specified below.
COMMENT ON THE PROPOSED FINANCING: Written comments must be received by 10:00
a.m. on the day of the hearing. Comments may be emailed to CityClerk@palmdesert.gov or
mailed to City Clerk, City of Palm Desert, 73-510 Fred Waring Drive, Palm Desert, California
92260. Additional information concerning the proposed financing may also be obtained from the
City Clerk.
Si necesita ayuda con esta notificación por favor llame a la Ciudad de Palm Desert y
comuníquese con Damian Olivares (760) 346-0611.
PUBLISH: THE DESERT SUN ANTHONY J. MEJIA, MMC, CITY CLERK
AUGUST 28, 2026 CITY OF PALM DESERT, CALIFORNIA