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File #: 200245    Version: 1 Name: Variable Rate Multifamily Housing Revenue Bonds - Transbay Block 8 - Not to Exceed $211,920,000
Type: Resolution Status: Killed
Introduced: 3/3/2020 In control: Budget and Finance Committee
On agenda: Final action: 3/25/2020
Enactment date: Enactment #:
Title: Resolution authorizing certain amendments to the Indenture of Trust and the Loan Agreement relating to the City’s variable rate multifamily housing revenue bonds, currently outstanding in an aggregate principal amount of $211,920,000 issued in 2016 for the purpose of providing financing for the acquisition, development, and construction of a 350-unit multifamily rental housing project located at 450 Folsom Street (originally known as the “Transbay Block 8 Tower Apartments” and also now known as “Avery 450”); authorizing the collection of certain fees; ratifying and approving any action heretofore taken in connection with the bonds, the notes, and the projects, as defined herein; granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein, subject to the terms of this Resolution, as defined herein; and related matters, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Omnibus Amendment and Release Agrmt, 3. Form 126, 4. Comm Pkt 031820, 5. Comm Pkt 032520
Legislation Details
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