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File #: 170629    Version: 1 Name: Multifamily Housing Revenue Bonds - 1601 Mariposa Apartments - Not to Exceed $240,000,000
Type: Resolution Status: Passed
Introduced: 5/23/2017 In control: Clerk of the Board
On agenda: Final action: 6/22/2017
Enactment date: 6/22/2017 Enactment #: 249-17
Title: Resolution authorizing the issuance and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $240,000,000 for the purpose of providing financing for the acquisition and construction of a 299-unit multifamily rental housing project located at 1601 and 1677 Mariposa Street, 485-497 Carolina Street, 395 and 420 Wisconsin Street, and 210 Arkansas Street (also known as 1601 Mariposa Apartments); approving the form of and authorizing the execution of an indenture of trust providing the terms and conditions of the multifamily housing revenue bonds and authorizing the execution and delivery thereof; approving the forms of and authorizing the execution of certain loan documents; approving the form of and authorizing the execution of a bond purchase agreement for such bonds; approving the form of and authorizing an official statement for such bonds and authorizing the distribution thereof; 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 an intercreditor agreement; authorizing the collection of certain fees; 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, subject to the terms of this Resolution; and related matters, as defined herein.
Sponsors: Malia Cohen
Attachments: 1. Leg Ver1, 2. DRAFT Indenture of Trust 051717, 3. DRAFT Loan Agrmt 051717, 4. DRAFT Bond Purchast Agrmt 051817, 5. DRAFT Preliminary Official Statement 051817, 6. DRAFT Regulatory Agrmt DRC 051817, 7. DRAFT Intercreditor Agrmt, 8. Form 126, 9. Comm Pkt 060817, 10. Bd Pkt 061317, 11. Form 126 Final, 12. Leg Final
Legislation Details
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