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File #: 200459    Version: 1 Name: Multifamily Housing Revenue Note - 1049 Golden Gate Avenue - Frederick Douglas Haynes Apartments - Not to Exceed $67,760,000
Type: Resolution Status: Passed
Introduced: 5/5/2020 In control: Clerk of the Board
On agenda: Final action: 6/12/2020
Enactment date: 6/12/2020 Enactment #: 245-20
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 $67,760,000 for the purpose of providing financing for the acquisition and rehabilitation of a 104-unit (includes one resident manager unit) multifamily rental housing project located at 1049 Golden Gate Avenue, known as the “Frederick Douglas Haynes Apartments;” 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 borrower 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 Agreement, 3. DRAFT Borrower Loan Agreement, 4. DRAFT Regulatory Agreement, 5. Public Disclosures Relating to Conduit Rev Obligations, 6. Project Description, 7. CDLAC Reso No. 20-107 (19-581 Extension), 8. CDLAC Reso No. 19-195, 9. Cert. of TEFRA Publication 081319, 10. Form 126, 11. Comm Pkt 052020, 12. Board Pkt 060220, 13. Form 126 Final, 14. Leg Final
Legislation Details
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