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File #: 191264    Version: 1 Name: Multifamily Housing Revenue Note - Turk 500 Associates, L.P. - Not to Exceed $53,000,000
Type: Resolution Status: Mayors Office
Introduced: 12/10/2019 In control: Board of Supervisors
On agenda: Final action: 1/14/2020
Enactment date: Enactment #:
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 $53,000,000 for the purpose of providing financing for the construction of a 108-unit (includes one resident manager unit) multifamily rental housing project known as “555 Larkin/500-520 Turk;" 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 project 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; 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 Funding Loan Agrmt, 3. DRAFT Proj Loan Agrmt, 4. DRAFT Regulatory Agmt, 5. DRAFT Assignment Deed of Trust, 6. CDLAC Reso No. 19-162 101619, 7. Public Disclosures 120619, 8. Form 126, 9. Comm Pkt 010820, 10. Board Pkt 011420
Legislation Details
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