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File #: 191299    Version: 1 Name: Multifamily Housing Revenue Bonds - 401 Avenue of the Palms (Maceo May Apartments) - Not to Exceed $44,615,500
Type: Resolution Status: Passed
Introduced: 12/17/2019 In control: Clerk of the Board
On agenda: Final action: 1/24/2020
Enactment date: 1/24/2020 Enactment #: 028-20
Title: Resolution authorizing the issuance and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $44,615,500 for the purpose of providing financing for the acquisition, development, construction and equipping of a 105-unit, affordable multifamily residential rental housing project located within the City on an approximately 0.74-acre parcel, identified as Parcel C3.2 in the Treasure Island Master Plan, currently assigned the street address of 401 Avenue of the Palms; 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; 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 Loan Agmt, 3. DRAFT Trust Indenture, 4. DRAFT Regulatory Agreement, 5. Public Disclosures 120619, 6. CDLAC Reso No. 19-159 101619, 7. TEFRA Proof of Pub 061719, 8. Form 126, 9. Comm Rpt 010820, 10. Board Pkt 011420, 11. Leg Final, 12. Form 126 Final
Legislation Details
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