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File #: 190289    Version: 1 Name: Multifamily Housing Revenue Notes - 691 China Basin Street (“691 China Basin Apartments”) - Not to Exceed $68,000,000
Type: Resolution Status: Passed
Introduced: 3/12/2019 In control: Clerk of the Board
On agenda: Final action: 4/19/2019
Enactment date: 4/19/2019 Enactment #: 171-19
Title: Resolution authorizing the execution and delivery of a multifamily housing revenue note in a principal amount not to exceed $68,000,000 for the purpose of providing financing for the construction of a 152-unit multifamily rental housing project known as “691 China Basin 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 identified therein 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, Matt Haney
Attachments: 1. Leg Ver1, 2. DRAFT Funding Agmt, 3. DRAFT Borrower Agmt, 4. DRAFT Regulatory Agmt, 5. Project Description, 6. Public Disclosure 022719, 7. CDLAC Reso No. 18-152 121218, 8. Form 126, 9. Form 126 Attachement, 10. Comm Pkt 040319, 11. Board Pkt 040919, 12. Form 126 Final, 13. Leg Final
Legislation Details
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