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File #: 160863    Version: 1 Name: Multifamily Housing Revenue Note - 1760 Bush Street - Not to Exceed $29,425,000
Type: Resolution Status: Passed
Introduced: 7/26/2016 In control: Clerk of the Board
On agenda: Final action: 9/14/2016
Enactment date: Enactment #: 379-16
Title: Resolution authorizing the execution and delivery of a multifamily housing revenue note in an aggregate principal amount not to exceed $29,425,000 for the purpose of providing financing for the acquisition and rehabilitation of a 108-unit multifamily rental housing project located in the City at 1760 Bush 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.
Sponsors: Mayor, London N. Breed
Attachments: 1. Leg Ver1, 2. DRAFT FLA 070516, 3. DRAFT Reg Agrmt 070716, 4. DRAFT PLA 070516, 5. Form 126, 6. CDLAC Resolution, 7. Comm Pkt 090716, 8. Board Pkt 091316, 9. Leg Final, 10. Form 126 Final
Legislation Details
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