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File #: 120709    Version: 1 Name: Issuance and Delivery - Multifamily Housing Revenue Note - 121 Golden Gate Avenue Senior Community Housing - Not to Exceed $25,370,000
Type: Resolution Status: Passed
Introduced: 6/19/2012 In control: Board of Supervisors
On agenda: Final action: 7/24/2012
Enactment date: 7/24/2012 Enactment #: 276-12
Title: Resolution authorizing the issuance and delivery of a multifamily housing revenue note in a principal amount not to exceed $25,370,000 for the purpose of providing financing for the acquisition and construction of a 90-unit multifamily rental housing project known as 121 Golden Gate Avenue Senior Community; approving the form of and authorizing the execution of a funding loan agreement; approving the form of and authorizing the execution of a borrower loan agreement; providing the terms and conditions of the note and authorizing the execution and delivery thereof; approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; authorizing the collection of certain fees; approving issuance of the note following a public hearing; approving modifications, changes and additions to the documents; granting general authority to City officials to take actions necessary to implement this resolution; and ratifying and approving any action heretofore taken in connection with the note and the project.
Sponsors: Jane Kim
Attachments: 1. Legislation_Ver1, 2. Comm_Packet_070912, 3. Board_Packet_071712, 4. Legislation_Final
Legislation Details
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