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File #: 210384    Version: 1 Name: Multifamily Housing Revenue Note - 4840 Mission Housing Associates, LP - Not to Exceed $75,000,000
Type: Resolution Status: Passed
Introduced: 4/13/2021 In control: Clerk of the Board
On agenda: Final action: 5/14/2021
Enactment date: 5/14/2021 Enactment #: 209-21
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 $75,000,000 for the purpose of providing financing for the construction of a 137-unit multifamily rental housing project known as “4840 Mission 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 project 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, as defined herein; ratifying and approving any action heretofore taken in connection with the back-to-back loans, the note 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, Ahsha Safai
Attachments: 1. Leg Ver1, 2. DRAFT Regulatory Agmt, 3. DRAFT Funding Loan Agmt, 4. DRAFT Project Loan Agmt, 5. CDLAC Reso No. 20-192 122320, 6. Public Disclosures, 7. Form 126, 8. Comm Pkt 042821, 9. Board Pkt 050421, 10. Form 126 Final
Legislation Details
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