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PUBLIC HEARING ON ISSUANCE OF <br />TAX EXEMPT BONDS FOR JAKE'S LIFE <br />November 15, 2010 <br />Page 2 <br />The bonds to be issued by the Authority are the sole responsibility of the borrower. The City has <br />no financial or legal liability for the project or repayment of the bonds and does not constitute any <br />type of indebtedness for the City. <br />FISCAL IMPACT <br />There is no fiscal impact to the City. <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />75B -2 <br />