Share to Facebook Share to Twitter Bookmark and Share
File #: 160896    Version: 1 Name: Multifamily Housing Revenue Note - 145 Guerrero Street - Francis of Assisi Community - Not to Exceed $50,000,000
Type: Resolution Status: Passed
Introduced: 8/2/2016 In control: Clerk of the Board
On agenda: Final action: 9/22/2016
Enactment date: Enactment #: 393-16
Title: Resolution authorizing the execution and delivery of a multifamily housing revenue note in one or more series in an aggregate principal amount not to exceed $50,000,000 for the purpose of providing financing for the acquisition and rehabilitation of a 110-unit multifamily rental housing project located at 145 Guerrero Street, known as Francis of Assisi Community; approving the form of and authorizing the execution of a funding loan agreement providing the terms and conditions of the loan from the funding lender to the City, and the execution and delivery of the note; approving the form of and authorizing the execution of a borrower loan agreement providing the terms and conditions of the loan from the City to the borrower; approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; 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 back-to-back loans, 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, Scott Wiener
Attachments: 1. Leg Ver1, 2. DRAFT Reg Agrmt 072916, 3. DRAFT Borrower Loan Agrmt 072816, 4. DRAFT FLA 072516, 5. Form 126, 6. Comm Pkt 090716, 7. Board Pkt 091316, 8. Form 126 Final, 9. Leg Final
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.