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File #: 220512    Version: 1 Name: Multifamily Housing Revenue Bonds - 600-7th Street - Not to Exceed $90,000,000
Type: Resolution Status: Passed
Introduced: 5/3/2022 In control: Clerk of the Board
On agenda: Final action: 6/3/2022
Enactment date: 6/3/2022 Enactment #: 245-22
Title: Resolution authorizing the issuance and delivery of tax-exempt multifamily housing revenue bonds in an aggregate principal amount not to exceed $71,076,486 and of taxable multifamily housing revenue bonds in an aggregate principal amount not to exceed $18,923,514 for the purpose of providing financing for the construction of a 221-unit, affordable multifamily residential rental housing project located at 600-7th Street within the City, for a total amount not to exceed $90,000,000; approving the form of and authorizing the execution of a trust indenture providing 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, as defined herein; 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, Ahsha Safai, Hillary Ronen, Matt Dorsey
Attachments: 1. Leg Ver1, 2. DRAFT Indenture of Trust, 3. DRAFT Loan Agrmt, 4. DRAFT Regulatory Agrmt, 5. DRAFT Amended & Restated Loan Agrmt, 6. Form 126, 7. Cmte Pkt 051822, 8. Board Pkt 052422, 9. Leg Final, 10. Form 126 Final
Legislation Details
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