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File #:
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230225
Version:
1
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Name:
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Multifamily Housing Revenue Note - 11 Innes Court (“Hunters Point Shipyard Block 56”) - Not to Exceed $36,361,354
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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Final action:
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3/28/2023
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Enactment date:
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3/28/2023
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Enactment #:
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135-23
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Title:
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Resolution authorizing the execution and delivery of a multifamily housing revenue note in a principal amount not to exceed $36,361,354 for the purpose of providing financing for the construction of a 73-unit multifamily rental housing project known as “Hunters Point Shipyard Block 56”; approving the form of and authorizing the execution of a funding loan agreement providing the terms and conditions of the loan from the funding lender identified therein to the City and for the execution and delivery of the note; approving the form of and authorizing the execution of a borrower loan agreement providing the terms and conditions of the loan from the City to the borrower; approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; approving the form of and authorizing the execution of an assignment of deed of trust and related documents; authorizing the collection of certain fees; approving modifications, changes and additions to the documents; ratifying and approving any action heretofore taken in connection with the back-to-back loans, the note and the project; granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein; and related matters, as defined herein.
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Attachments:
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1. Leg Ver1, 2. DRAFT Funding Loan Agreement, 3. DRAFT Borrower Loan Agreement, 4. DRAFT Assignment of Deed of Trust, 5. DRAFT Regulatory Agreement, 6. Project Description, 7. Public Disclosures Relating to Conduit Revenue Obligations, 8. TEFRA Certification 121322, 9. TEFRA Hearing Minutes 121322, 10. TEFRA Notice Proof of Publication 121422, 11. Form 126, 12. OCII Presentation 031523, 13. Cmte Pkt 031523, 14. Board Pkt 032123, 15. Form 126 Final, 16. Leg Final
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