Public hearing on financing for Park Haven Plaza multifamily rental housing project.

NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the Santa Cruz County Board of Supervisors has scheduled a public hearing on May 5, 2026, as required by Section 147(f) of the Internal Revenue Code of 1986 (the "Code") to be held with respect to a proposed plan of financing providing for the issuance by the California Municipal Finance Authority (the "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 $16,000,000 in aggregate principal amount (the "Bonds"). The proceeds of the Bonds will be used to: (1) finance or refinance the acquisition, construction, improvement and equipping of Park Haven Plaza, a multifamily rental housing project located at 2838 Park Avenue, Soquel, California; and (2) pay certain expenses incurred in connection with the issuance of the Bonds. The facilities are to be owned by 2838 Park Ave LP (the "Borrower") or a partnership of which Novin Development Corporation (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. The hearing will commence at 9:00 a.m. or as soon thereafter as the matter can be heard, and will be held in the County Government Center, 701 Ocean Street, Room 020 (basement), Santa Cruz, California, as well as on the Zoom virtual platform. The meeting agenda will be published on the County's website 72 hours prior to the meeting, along with participation instructions at https://santacruzcountyca.primegov.com/public/portal, or call 454-2323 (TTY call 711). 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, 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 of Supervisors, County of Santa Cruz, 701 Ocean Street, Room 520, Santa Cruz, California 95060. The County of Santa Cruz does not discriminate on the basis of disability, and no person shall, by reason of a disability, be denied the benefits of its services, programs, or activities. This meeting will be located in an accessible facility. If you wish to attend this meeting and you will require special assistance in order to participate, please contact the ADA coordinator at (831) 454-2323 at least 72 hours in advance of the meeting to make arrangements. BY ORDER OF THE BOARD OF SUPERVISORS Dated: April 28, 2026 By: Juliette Rezzato, Chief Deputy Clerk of the Board