Description
The council renewed TEFRA approval for up to $325 million in tax-exempt revenue bonds for the Marisol senior living project — a procedural step with no city money or debt involved.
Impact summary
Keeps the senior housing project eligible for tax-exempt financing; property tax revenue to the city is expected to rise from about $22K to $242K annually by year five.
Applicant
- Name
- Marisol HB, LLC
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Approved7–0, unanimous
Last discussed Feb 3, 2026.
Meeting timeline (1)
Related issues (1)
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