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File #: 151260    Version: 1 Name: Multifamily Housing Revenue Bonds - Alice Griffith Phase 3A Apartments Project - Not to Exceed $31,500,000
Type: Resolution Status: Passed
Introduced: 12/8/2015 In control: Clerk of the Board
On agenda: Final action: 1/19/2016
Enactment date: 1/19/2016 Enactment #: 001-16
Title: Resolution authorizing the issuance, sale and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $31,500,000 for the purpose of providing financing for the acquisition and construction of a 82-unit multifamily rental housing project known as Alice Griffith Phase 3A Apartments Project; 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; approving modifications, changes and additions to the documents; ratifying and approving any action heretofore taken in connection with the bonds and the project, as defined herein; granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein; and related matters.
Sponsors: Malia Cohen
Attachments: 1. Leg Ver1, 2. MOHCD Ltr 120415, 3. Project Description, 4. CDLAC Res 15-124, 5. DRAFT Loan Agrmt, 6. DRAFT Reg Agrmt, 7. DRAFT Trust Indenture, 8. Form 126, 9. Comm Pkt 121415, 10. Board Pkt 011216, 11. Leg Final
Legislation Details
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