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File #: 181159    Version: 1 Name: Multifamily Housing Revenue Note - Market Heights Apartments - 211-291 Putnam Street and 1000 Tompkins Avenue - Not to Exceed $18,000,000
Type: Resolution Status: Mayors Office
Introduced: 11/27/2018 In control: Budget and Finance Committee
On agenda: Final action: 12/11/2018
Enactment date: Enactment #:
Title: Resolution authorizing the execution and delivery of a multifamily housing revenue note in an aggregate principal amount not to exceed $18,000,000 for the purpose of providing financing for the acquisition and rehabilitation of a 46-unit multifamily rental housing project located at 211-291 Putnam Street and 1000 Tompkins Avenue; 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 form of and authorizing the execution of a project loan agreement; 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, and related matters, as defined herein.
Sponsors: Mayor, Hillary Ronen
Attachments: 1. Leg Ver1, 2. Project Overview, 3. DRAFT Regulatory Agrmt, 4. DRAFT Project Loan Agrmt, 5. DRAFT Funding Loan Agrmt, 6. Public Disclosures 112118, 7. Form 126, 8. Comm Pkt 120618, 9. Bd Pkt 121118
Legislation Details
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