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Title:
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Resolution authorizing the execution and delivery of a multifamily housing revenue note in an aggregate principal amount not to exceed $41,640,000 for the purpose of providing financing for the acquisition and rehabilitation of a 96-unit multifamily rental housing project located in the City at 350 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, as defined herein; and related matters.
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