Resolution authorizing the issuance, sale and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $47,423,000 for the purpose of providing financing for the acquisition, development and construction of a 113-unit multifamily rental housing project known as Eddy and Taylor Family Housing; 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; granting general authority to City officials to take actions necessary to implement this Resolution; and related matters, as defined herein.

Committee

Clerk of the Board

Introduced

April 25, 2017

Passed

June 9, 2017

Enacted

June 9, 2017

Enactment no.

214-17