Resolution approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage revenue bonds or notes by the City in an aggregate principal amount not to exceed $240,000,000 for the purpose of providing financing for the acquisition, construction and development of an approximately 299-unit multifamily rental housing project, in part for low or very low income persons or households, located in the City at 1601 and 1677 Mariposa Street, 485-497 Carolina Street, 395 and 420 Wisconsin Street and 210 Arkansas Street; authorizing and directing the execution of any documents necessary to implement this Resolution; and ratifying and approving any action heretofore taken in connection with the Project, as defined herein, and the Application, as defined herein.

Committee

Clerk of the Board

Introduced

October 18, 2016

Passed

November 22, 2016

Enactment no.

480-16

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