NOTICE OF PUBLIC HEARING
PLACER COUNTY BOARD OF SUPERVISORS
WHERE: Board of Supervisors' Chambers, 175 Fulweiler Avenue, Auburn, CA 95603
WHEN: Tuesday, August 19, 2025 – 9:00 a.m., or as soon thereafter as can be heard
SUBJECT: Tax and Equity Fiscal Responsibility Act Hearing for Placer Creek Affordable Apartments and Request to Become a Member of California Public Finance Authority
NOTICE IS HEREBY GIVEN that the Placer County Board of Supervisors will conduct a Public Hearing at the above place and time as required by Section 147(f) of the Internal Revenue Code of 1986 (the "Code") in connection with the proposed plan of financing providing for the issuance by the California Public Finance Authority (the "Authority"), a joint exercise of powers authority, of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Code in one or more series issued from time to time, including bonds issued to refund such exempt facility bonds in one or more series from time to time, in an amount not to exceed $37,000,000 to finance or refinance the acquisition, construction, improvement and equipping of a multifamily rental housing project commonly known as the Placer Creek Affordable Apartments and located at Baseline Road and Westbrook Boulevard (APN 023-420-007-000) in unincorporated Placer County, California. The bonds will be issued by the Authority for the benefit of Placer Creek Affordable, LP (the "Borrower") or a partnership of which St. Anton Communities, LLC (the "Developer") or a related person to the Developer is the general partner. The facilities are to be owned by the Borrower.
Interested persons are invited to attend the hearing through the means provided on the meeting agenda, found at https://www.placer.ca.gov/10065/_2025. Accommodations for disabled or non-English speaking residents will be made available upon advance request; please contact the Clerk of the Board at (530) 889-4020.
You may direct written comments to the Clerk of the Board of Supervisors, 175 Fulweiler Avenue, Auburn, CA 95603, or you may telephone the Clerk of the Board at (530) 889-4020. If you challenge the proposed action in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the county at, or prior to, the public hearing.
Information is available for review by contacting the County Executive Office contact for this project, Marie Maniscalco, who can be reached at (530) 886-4651 or mmaniscalco@placer.ca.gov.
BOARD OF SUPERVISORS
Clerk of the Board, Megan Wood
IPL0261459
Aug 12 2025