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File #: 180218    Version: 1 Name: Multifamily Housing Revenue Bonds - 54 McAllister Street (“Dorothy Day Community Apartments”) - Not to Exceed $45,000,000
Type: Resolution Status: Passed
Introduced: 3/6/2018 In control: Clerk of the Board
On agenda: Final action: 4/13/2018
Enactment date: 4/13/2018 Enactment #: 087-18
Title: Resolution authorizing the issuance and sale of multifamily housing revenue bonds in one or more series in an aggregate principal amount not to exceed $45,000,000 for the purpose of providing financing for the acquisition and rehabilitation of a 100-unit multifamily rental housing project known as “Dorothy Day Community Apartments;” approving the form of and authorizing the execution of a trust indenture providing the terms and conditions of the bonds and authorizing the issuance thereof; approving the form of and authorizing the execution of a 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 bonds and the Project, as defined herein; granting general authority to City officials to take actions necessary to implement this Resolution; and related matters, as defined herein.
Sponsors: Jane Kim
Attachments: 1. Leg Ver1, 2. DRAFT Trust Indenture 022718, 3. DRAFT Loan Agrmt 022718, 4. DRAFT Reg Agrmt, 5. Form 126, 6. Comm Pkt 032218, 7. Board Pkt 040318, 8. Form 126 Final, 9. Leg Final
Legislation Details
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