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File #: 171113    Version: 1 Name: Multifamily Housing Revenue Bond - 1500 Mission Street Apartments - Not to Exceed $325,000,000
Type: Resolution Status: Passed
Introduced: 10/17/2017 In control: Clerk of the Board
On agenda: Final action: 12/8/2017
Enactment date: Enactment #: 428-17
Title: Resolution authorizing the issuance and sale of multifamily housing revenue bonds in an aggregate principal amount not to exceed $325,000,000 for the purpose of providing financing for the acquisition, development and construction of a 550-unit, mixed income, multifamily rental housing project located in the City at 1500-1580 Mission Street; approving the form of and authorizing the execution of an indenture of trust providing the terms and conditions of the bonds and authorizing the issuance 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 a loan agreement; approving the form of and authorizing the execution of a bond purchase agreement; authorizing the collection of certain fees; ratifying and approving any action heretofore taken in connection with the bonds 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, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Loan Agrmt, 3. DRAFT Reg Agrmt, 4. DRAFT Bond Purchase Agrmt, 5. DRAFT Indenture of Trust, 6. Form 126, 7. Comn Pkt 110217, 8. Comm Pkt 110917, 9. Board Pkt 112817, 10. Form 126 Final, 11. Leg Final
Legislation Details
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