Share to Facebook Share to Twitter Bookmark and Share
File #: 120757    Version: 1 Name: Multifamily Housing Revenue Note - Ridgeview Terrace Apartments - 140 Cashmere Street - Not to Exceed $20,000,000
Type: Resolution Status: Passed
Introduced: 7/10/2012 In control: Board of Supervisors
On agenda: 7/17/2012 Final action: 8/7/2012
Enactment date: 8/7/2012 Enactment #: 312-12
Title: Resolution authorizing the issuance and delivery of a multifamily housing revenue note in a principal amount not to exceed $20,000,000 for the purpose of providing financing for the acquisition and rehabilitation of a 101-unit multifamily residential rental housing project known as Ridgeview Terrace Apartments located at 140 Cashmere Street; 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: Malia Cohen
Attachments: 1. Legislation_Ver1, 2. Comm_Packet_072512, 3. Board_Packet_073112, 4. Legislation_Final
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.