File #: 250287    Version: 1 Name: Multifamily Housing Revenue Bonds - Sunnydale HOPE SF Block 9 - 1652 Sunnydale Avenue - Not to Exceed $57,075,000
Type: Resolution Status: Pending Committee Action
Introduced: 3/25/2025 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Resolution approving for purposes of the Internal Revenue Code of 1986, as amended, and authorizing the issuance, sale and delivery of multifamily housing revenue bonds in one or more series in an aggregate principal amount not to exceed $57,075,000 for the purpose of providing financing for the construction of a 95-unit (including one manager unit) multifamily rental housing project located at 1652 Sunnydale Avenue known as "Sunnydale HOPE SF Block 9"; approving the form of and authorizing the execution of an indenture of trust providing the terms and conditions of the bonds; 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 a financing agreement; approving the form of and authorizing the use and distribution of a preliminary official statement and/or official statement; approving the form of and authorizing the execution of a bond purchase agreement; 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 bonds and the project; granting general authority to City officials to take actions necessary to implement this Resolution; and related matters, as defined herein.
Sponsors: Mayor, Shamann Walton, Rafael Mandelman
Attachments: 1. Leg Ver1, 2. DRAFT Indenture of Trust, 3. DRAFT Bond Purchase Agmt, 4. DRAFT Financing Agmt, 5. DRAFT Prelim Off Stmt, 6. DRAFT Regulatory Agmt and Dec of Restrictive Covenants, 7. Good Faith Estimate, 8. CDLAC Reso No. 24-255 121124, 9. TEFRA Notice Proof of Publication 011525, 10. TEFRA Hearing Minutes 011525, 11. MYR Memo 032525, 12. Form 126
Related files: 250288, 250289, 250286
Legislation Details
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