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File #: 190056    Version: 1 Name: Multifamily Housing Revenue Note - 1990 Folsom Street - Not to Exceed $62,132,500
Type: Resolution Status: Passed
Introduced: 1/15/2019 In control: Clerk of the Board
On agenda: Final action: 2/8/2019
Enactment date: 2/8/2019 Enactment #: 069-19
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 $62,132,500 for the purpose of providing financing for the construction of an 143-unit multifamily rental housing project known as “1990 Folsom;” 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; and 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. DRAFT Borrower Loan Agrmt, 3. DRAFT Fund Loan Agrmt, 4. DRAFT Regulatory Agrmt, 5. DRAFT Assignment of Deed of Trust, 6. Public Disclosures 121918, 7. Form 126, 8. Comm Pkt 013019, 9. Board Pkt 020519, 10. Form 126 Final, 11. Leg Final
Legislation Details
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