File #: 150879    Version: 1 Name: Multifamily Housing Revenue Note - 666 Ellis Street - Not to Exceed $22,168,000
Type: Resolution Status: Passed
Introduced: 9/8/2015 In control: Clerk of the Board
On agenda: Final action: 10/16/2015
Enactment date: 10/16/2015 Enactment #: 363-15
Title: Resolution authorizing the execution and delivery of a multifamily housing revenue note in an aggregate principal amount not to exceed $22,168,000 for the purpose of providing financing for the acquisition and rehabilitation of a 99-unit multifamily rental housing project located at 666 Ellis Street; 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, as defined herein; granting general authority to City officials to take actions necessary to implement this Resolution; and related matters.
Sponsors: Mayor, Jane Kim, Mark Farrell
Attachments: 1. Leg Ver1, 2. Project Overview, 3. Regulatory Agrmt 100115, 4. Project Loan Agrmt 100115, 5. Funding Loan Agrmt 100115, 6. Comm Pkt 092315, 7. PPt Presentation 092315, 8. Board Pkt 092915, 9. Form 126, 10. Board Pkt 100615, 11. Leg Final
Legislation Details
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