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File #: 201064    Version: 1 Name: Multifamily Housing Revenue Bonds - 53 Colton Street - Not to Exceed $33,520,000
Type: Resolution Status: Passed
Introduced: 9/15/2020 In control: Clerk of the Board
On agenda: Final action: 10/16/2020
Enactment date: 10/16/2020 Enactment #: 492-20
Title: Resolution authorizing the issuance, sale and delivery of multifamily housing revenue bonds in one or more series in an aggregate principal amount not to exceed $33,520,000 for the purpose of providing financing for the acquisition and construction of a 96-unit multifamily rental housing project located at 53 Colton Street; approving the form of and authorizing the execution of an indenture of trust providing the 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; approving modifications, changes, and additions to the documents; ratifying and approving any action heretofore taken in connection with the bonds and the project, as defined herein; 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 Loan Agreement, 3. DRAFT Indenture, 4. DRAFT Regulatory Agreement, 5. CDLAC Reso No. 20-079 041420, 6. Public Disclosures, 7. MOHCD Memo 091120, 8. Form 126, 9. Comm Pkt 093020, 10. Board Pkt 100620, 11. Leg Final
Related files: 191151
Legislation Details
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