26-946

MOTION TO ADOPT Resolution, the title of which is as follows: (Commission District 1) A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF BROWARD COUNTY, FLORIDA AUTHORIZING THE ISSUANCE BY THE HOUSING FINANCE AUTHORITY OF BROWARD COUNTY, FLORIDA (THE “HFA”) IN THE AGGREGATE AMOUNT NOT TO EXCEED $46,000,000 OF ITS MULTIFAMILY HOUSING REVENUE NOTE, 2026 SERIES A-1 (FALLS AT BONAVENTURE) (THE “2026 SERIES A-1 NOTE”) AND ITS SUBORDINATE MULTIFAMILY HOUSING REVENUE NOTE, 2026 SERIES A-2 (FALLS AT BONAVENTURE) (THE “2026 SERIES A-2 NOTE” AND, TOGETHER WITH THE 2026 SERIES A-1 NOTE, THE “NOTES”) FOR THE PURPOSE OF FINANCING THE ACQUISITION, REHABILITATION AND EQUIPPING OF FALLS AT BONAVENTURE LOCATED IN BROWARD COUNTY, FLORIDA (THE “PROJECT”); ESTABLISHING PARAMETERS FOR THE AWARD OF THE SALE THEREOF AND ESTABLISHING CRITERIA FOR DETERMINING THE TERMS THEREOF, INCLUDING INTEREST RATES, INTEREST PAYMENT DATES, MATURITY SCHEDULE AND OTHER TERMS OF SUCH NOTES; APPROVING THE FORMS OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE FOLLOWING DOCUMENTS IN CONNECTION WITH (I) THE 2026 SERIES A-1 NOTE: (A) A FUNDING LOAN AGREEMENT BY AND AMONG THE HFA, BERKELEY POINT CAPITAL LLC, D/B/A NEWMARK, AS FUNDING LENDER (THE “FUNDING LENDER”), AND THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS FISCAL AGENT (THE “FISCAL AGENT”); (B) PROJECT LOAN AGREEMENT BY AND AMONG THE HFA, THE FISCAL AGENT AND FALLS AT BONAVENTURE, LLC (THE “BORROWER”); (C) A LAND USE RESTRICTION AGREEMENT BY AND AMONG THE HFA, THE FISCAL AGENT AND THE BORROWER (THE “LAND USE RESTRICTION AGREEMENT”); (D) AN ASSIGNMENT OF SECURITY INSTRUMENT BY THE HFA TO THE FISCAL AGENT; (E) AN ASSIGNMENT OF THE PROJECT NOTE BY THE HFA TO THE FISCAL AGENT; (F) A PLACEMENT AGENT AGREEMENT BY AND BETWEEN THE HFA AND RAYMOND JAMES & ASSOCIATES, INC., AS PLACEMENT AGENT (THE “PLACEMENT AGENT AGREEMENT”); AND (G) A FISCAL AGENT FEE AGREEMENT BY AND BETWEEN THE HFA AND THE FISCAL AGENT (THE “FISCAL AGENT FEE AGREEMENT”), AND (II) THE 2026 SERIES A-2 NOTE: (A) A BRIDGE FUNDING LOAN AGREEMENT BY AND AMONG THE HFA, CITIZENS BANK, NATIONAL ASSOCIATION, AS BRIDGE LENDER (THE “SUBORDINATE LENDER”), AND THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS SUBORDINATE FISCAL AGENT (THE “SUBORDINATE FISCAL AGENT”); (B) A BRIDGE PROJECT LOAN AGREEMENT BY AND AMONG THE HFA, THE SUBORDINATE FISCAL AGENT AND THE BORROWER; (C) THE LAND USE RESTRICTION AGREEMENT; (D) AN ASSIGNMENT OF BRIDGE LOAN DOCUMENTS BY THE HFA TO THE SUBORDINATE FISCAL AGENT; (E) THE PLACEMENT AGENT AGREEMENT; AND (F) THE FISCAL AGENT FEE AGREEMENT; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY BY THE HFA OF CERTAIN ADDITIONAL AGREEMENTS NECESSARY OR DESIRABLE IN CONNECTION WITH THE ISSUANCE OF THE NOTES; APPROVING AND RATIFYING THE HFA’S PUBLICATION OF A NOTICE OF PUBLIC HEARING AND THE SUBSEQUENT HOLDING OF SUCH PUBLIC HEARING EACH UNDER SECTION 147(F) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, IN CONNECTION WITH THE ISSUANCE OF THE NOTES BY THE HFA; AUTHORIZING THE PROPER OFFICERS OF THE HFA TO DO ALL THINGS NECESSARY OR ADVISABLE IN CONNECTION WITH THE ISSUANCE OF THE NOTES; AND PROVIDING AN EFFECTIVE DATE FOR THIS RESOLUTION.

Consent Item Agenda Ready Introduced August 6, 2026

Committee: Public Works and Environmental Services - Housing Finance Authority
Requested by: Resilient Environment - Housing Finance Division
Introduced: August 6, 2026
On agenda: September 10, 2026
Passed: September 10, 2026

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