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File #: 200218    Version: 1 Name: Multifamily Housing Revenue Bonds - 22, 102, and 104-106 South Park Street - Not to Exceed $37,109,907
Type: Resolution Status: Passed
Introduced: 2/25/2020 In control: Clerk of the Board
On agenda: Final action: 3/27/2020
Enactment date: 3/27/2020 Enactment #: 114-20
Title: Resolution authorizing the issuance and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $37,109,907 for the purpose of providing financing for the acquisition and rehabilitation of a 108-unit affordable multifamily rental housing project, consisting of three structures located at 22, 102, and 104-106 South Park Street; approving the form of and authorizing the execution of an indenture of trust providing terms and conditions of the bonds; approving the form of and authorizing the execution of one or more regulatory agreements and declarations 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, as defined herein; and related matters, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Indenture of Trust, 3. DRAFT Regulatory Agrmt, 4. DRAFT Loan Agrmt, 5. CDLAC Reso No. 19-175 101619, 6. TEFRA Proof of Pub 013120, 7. TEFRA Hrg Minutes 013120, 8. Public Disclosures 022420, 9. Form 126, 10. Comm Pkt 031120, 11. Board Pkt 031720, 12. Form 126 Final, 13. Leg Final
Legislation Details
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