Share to Facebook Share to Twitter Bookmark and Share
File #: 190978    Version: 1 Name: Multifamily Housing Revenue Bonds - 385 Eddy Street (Hamlin Hotel) - Not to Exceed $26,967,500
Type: Resolution Status: New Business
Introduced: 9/24/2019 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Resolution authorizing the issuance and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $26,967,500 for the purpose of providing financing for the acquisition and rehabilitation of a 67-unit, affordable multifamily rental housing project located at 385 Eddy Street (Hamlin Hotel) within the City; approving the form of and authorizing the execution of a trust indenture providing terms and conditions of the bonds; 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 loan agreement; authorizing the collection of certain fees; 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, as defined herein, and related matters, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Loan Agmt, 3. DRAFT Indenture of Trust, 4. DRAFT Regulatory Agmt and Decl of Restrictive Covenants, 5. Project Description, 6. CDLAC Reso No. 19-081 071919, 7. Form 126, 8. Comm Pkt 100919, 9. Public Disclosures
Related files: 190254
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.