File #: 160370    Version: 1 Name: Multifamily Housing Revenue Bonds - Transbay Block 7 Affordable Housing - Not to Exceed $35,000,000
Type: Resolution Status: Passed
Introduced: 4/12/2016 In control: Clerk of the Board
On agenda: Final action: 5/13/2016
Enactment date: 5/13/2016 Enactment #: 170-16
Title: Resolution authorizing the issuance, sale, and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $35,000,000 for the purpose of providing financing for the construction of a 120-unit multifamily rental housing project known as Transbay Block 7 Affordable Housing; approving the form of and authorizing the execution of an indenture of trust 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; granting general authority to City officials to take actions necessary to implement this Resolution; and related matters.
Sponsors: Jane Kim
Attachments: 1. Leg Ver1, 2. DRAFT Indenture of Trust 032816, 3. DRAFT Regulatory Agrmt 040816, 4. DRAFT Loan Agrmt 032816, 5. MOHCD Ltr 041116, 6. Comm Pkt 042716, 7. Board Pkt 050316, 8. Leg Final
Legislation Details
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