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File #: 190145    Version: 1 Name: Multifamily Housing Revenue Note - 735 Davis Senior LP - Not to Exceed $21,885,000
Type: Resolution Status: Passed
Introduced: 2/5/2019 In control: Clerk of the Board
On agenda: Final action: 3/15/2019
Enactment date: 3/15/2019 Enactment #: 107-19
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 $21,885,000 for the purpose of providing financing for the construction of a 53-unit multifamily rental housing project known as “735 Davis Senior Apartments;” 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, as defined herein; and granting general authority to City officials to take actions necessary to implement this Resolution, and related matters, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Funding Loan Agrmt, 3. DRAFT Borrower Loan Agrmt, 4. DRAFT Regulatory Agrmt 013119, 5. DRAFT Assignment of Deed of Trust, 6. Public Disclosures 012319, 7. Project Description 013119, 8. CDLA Reso. No. 18-150, 9. Form 126, 10. Comm Pkt 022719, 11. Board Pkt 030519, 12. Form 126 Final, 13. Leg Final
Legislation Details
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