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File #: 210502    Version: 1 Name: Multifamily Housing Revenue Notes - Balboa Park Housing Partners, L.P. - Balboa Park Upper Yard - Not to Exceed $90,000,000
Type: Resolution Status: Mayors Office
Introduced: 5/4/2021 In control: Board of Supervisors
On agenda: Final action: 6/8/2021
Enactment date: Enactment #:
Title: Resolution authorizing the execution and delivery of multifamily housing revenue notes in two or more series in an aggregate principal amount not to exceed $90,000,000 for the purpose of providing financing for the construction of a 131-unit multifamily rental housing project known as “Balboa Park Upper Yard;” 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 notes; 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; ratifying and approving any action heretofore taken in connection with the back-to-back loans, the notes 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, Ahsha Safai
Attachments: 1. Leg Ver1, 2. DRAFT Funding Loan Agmt, 3. DRAFT Project Loan Agmt, 4. DRAFT Regulatory Agmt, 5. CDLAC Reso No. 20-737 122320, 6. Public Disclosure 042921, 7. Form 126, 8. Pres Action Memo 052021, 9. Comm Pkt 060321, 10. Comment Ltrs, 11. MOHCD Presentation 060321, 12. Comm Rpt Rqst 060321, 13. Board Pkt 060821, 14. Post-Packet Comm 060821
Legislation Details
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