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File #: 130678    Version: Name: Multifamily Housing Revenue Bonds - 1100 Ocean Avenue Apartments - Not to Exceed $19,500,000
Type: Resolution Status: Passed
Introduced: 6/25/2013 In control: Clerk of the Board
On agenda: Final action: 7/25/2013
Enactment date: 7/25/2013 Enactment #: 248-13
Title: Resolution authorizing the issuance and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $19,500,000 for the purpose of providing financing for the acquisition and construction of a 71-unit multifamily rental housing project known as 1100 Ocean Avenue Apartments; approving the form of and authorizing the execution of a trust indenture 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 loan agreement; authorizing the collection of certain fees; 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.
Sponsors: Norman Yee, David Campos
Attachments: 1. Leg_Ver1, 2. Comm_Packet_071013, 3. Board_Packet_071613, 4. Leg_Final
Legislation Details
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