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File #: 150684    Version: 1 Name: Multifamily Housing Revenue Note - 800 Presidio Avenue (aka the John Burton Foundation Housing Complex) - Not to Exceed $15,000,000
Type: Resolution Status: Passed
Introduced: 6/23/2015 In control: Clerk of the Board
On agenda: Final action: 7/17/2015
Enactment date: 7/17/2015 Enactment #: 268-15
Title: Resolution authorizing the execution and delivery of a multifamily housing revenue note in an aggregate principal amount not to exceed $15,000,000 for the purpose of providing financing for the acquisition, construction, and development of a 50-unit multifamily residential rental housing project located in the City at 800 Presidio Avenue (aka the John Burton Foundation Housing Complex); approving the form of and authorizing the execution of a funding 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; approving the forms of and authorizing the execution of certain loan documents; authorizing the collection of certain fees; ratifying and approving any action heretofore taken in connection with the note and the project; granting general authority to City officials to take actions necessary to implement this Resolution; and related matters as defined herein.
Sponsors: London N. Breed, Mark Farrell
Attachments: 1. Leg Ver1, 2. MOHCD Ltr 061612, 3. Project Description, 4. Regulatory Agrmt 080115, 5. Borrower Loan Agrmt 080115, 6. Funding Loan Agrmt 080115, 7. Form 126, 8. Comm Pkt 070815, 9. Board Pkt 071415, 10. Leg Final
Legislation Details
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