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File #: 130190    Version: Name: Multifamily Housing Revenue Obligations - 2175 Market Street Apartments - $30,000,000
Type: Resolution Status: Passed
Introduced: 2/26/2013 In control: Clerk of the Board
On agenda: Final action: 3/22/2013
Enactment date: 3/22/2013 Enactment #: 076-13
Title: Resolution authorizing the execution/issuance, sale and delivery of a multifamily mortgage revenue note and subordinate multifamily housing revenue bonds in an aggregate principal amount not to exceed $30,000,000 (together, the “Obligations”) for the purpose of providing financing for the acquisition and construction of an 88-unit multifamily residential rental housing development known as the 2175 Market Street Apartments; approving the form of and authorizing the execution of a funding loan agreement and 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 subordinate trust indenture providing the terms and conditions of the subordinate bonds; approving the form of and authorizing the execution of a subordinate loan agreement relating to the subordinate bonds; approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; authorizing the collection of certain fees; ratifying and approving any action heretofore taken in connection with the Obligations and the project; 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 Obligations and the project.
Sponsors: Scott Wiener
Attachments: 1. Leg_Ver1, 2. Comm_Packet_030613, 3. Leg_Ver1, 4. Board_Packet_031213, 5. Leg_Final
Legislation Details
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