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Title:
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Resolution approving in accordance with Internal Revenue Code, Section 147(f), the issuance of revenue bonds or a loan by the California Municipal Finance Authority (the “Authority”) in one or more series pursuant to a plan of financing and in an aggregate issue price not to exceed $21,000,000 (the “Bonds”) to refinance all or a portion of certain outstanding debt obligations that originally financed and refinanced the acquisition, construction, improvement, equipping and furnishing of educational facilities located at 1453 Mission Street, within the City and County of San Francisco (the “City”), owned and managed by the California Institute of Integral Studies, a California nonprofit public benefit corporation (the “Borrower”), in connection with the provision of educational and other services in the City, including the instruction of students enrolled in its undergraduate and graduate degree programs; finance additional improvements to and equipping and maintenance of such facilities, including, but not limited to, building waterproofing, seismic upgrades and other campus improvements and maintenance; finance improvements to and equipping and maintenance of certain other facilities leased, occupied and operated by the Borrower for the provision of counseling services to residents of the City, which facilities are located at 312 Sutter Street; pay capitalized interest on the Bonds, and pay certain expenses incurred in connection with the issuance of the Bonds.
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