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04 MortRevBondInduceRosswoodVillas
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04-16-2007
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04 MortRevBondInduceRosswoodVillas
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Last modified
1/3/2012 3:31:09 PM
Creation date
9/23/2010 12:14:05 PM
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City Clerk
Doc Type
Agenda Packet
Item #
04
Date
4/16/2007
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eat~ar~ ~• The fare~a~n de~[er~t~ar~ is consistent nth the ~udget~r~ ~n~ <br />fin~r~ai[ ~irc~n~t~naes of the thority ire that there are ~a fur~~s bother then ~ro~ee~s <br />of the ~~li~~tian~ that ire re~sanah~~ e~~ected to ~~ ~i~ rese~r~~, ~ii~ [[a~~ted ~~ ~i~i~ <br />other~rise set aside, an ~ ian~terr~ basis, b ar ~n hehlf ~f the ~r~tharit~, ~~ ~n~ ~ub[i <br />entry ~~ntralled b~ the atharit~~ fir tine e~~endit~r~s for the ~o~~isit[an and <br />rhbilit~tian of the ~ra~eat that ire e~cpected to b~ reimbursed fr~rn the ~ra~eeds ~f the <br />~~I~~~tiar~. <br />ectian r The ~e~eloper hail ~~ rs~onsr~l~ far the ~~yent of ali ~reent <br />~n~ future assts in anr~e~tian ~-ith t[~e is~~n~e of tie ~~li~~ti~n, inf~din, but r~~t <br />li~ited ta, end fees end ~per~s~s ina~rred b~ the ~utharit~ ire ant~aip~tian of the <br />iuen~e of the ~b[i~ation, the past of printing ~~y affi~ia[ teter~e~t, rating ~enay <br />casts, band aunel ~ ar~d e~enses, ur~der~ritin di~aunt and aotr tr~st~~ fees <br />~t~d pause, and the arts of printir~~ the ~[i~tion. Tl~e payment of the prir~aipai, <br />redemption prerni~arn, if ~n~, end ~urhase prise ~f ~~~ interest an the bli~atiana Thal[ <br />~~ sale[y the re~pansibility of the ~e~eloper. Thy ~hli~atia~s shall fiat ~~~titute ~ debt <br />ar o~[ition of the ~utharity. <br />section ~'~ The lair firms ~ Janes We11, ~ i~r~fessian~i L~ arp~r~tion, is <br />[~erehy named bind ~ou~~[ t~ the ~-~th~r~ty i~ ar~neotian v~ith the issuance ~f the <br />~~[i~tiens. the fees ~r~d ~xpene of I~on~ ur~el ~n~ ~~ finar~~i~l d~iar <br />er~pla~ed by the ~utharit~ ire ~o~rteatiar3 +~ith the iss~an~e of the ~bli~atians ire to e <br />paid sa[ely from the praeds of tl~e ~[i~eti~ns ar ~ireotly by the ~e~ela~per. <br />ecti~n ~. The p~ra~riete offioer ~r staff of the ,~uthorit~ ire hereby <br />~~thori~ed, for and in the Herne of and en heh~lf of the ~~tharia to make are <br />~pali~~#ien to the slifaria debt Limit [[ocetian arnrnittee for an [[aa~tian of pri~~te <br />a~tiity bands far the financing of the ~rojeat. } <br />section ~. The adaptiar~ ~f this ~eaelutian sha[[ not a~[i~~ate {i} the ~~thority to <br />pr~vi~e fin~n~in~ to the De~el~per far the ac~uiitian, rel~ahilitatior~ end de~e[aprr~ent of <br />the Pra~ect ar to i~cre the ~bli~tier~ far purp~s~s of such fi~~r~ei~g~ ~r iii the <br />uthcrit~, of or and department or a~en~~ of the ~uthar~ ar the ~it~r ~~ Santa ~n~ to <br />~ppra~e ~r~~ ~ppli~~tio~ ar re~~eat far, ar take ~n other aatior~ ire aanr~eotien pith, any <br />en~ir~~r~~r~t~l, general flan, ~~nin~ ar any ether permit ~r ether actiar~ neaes~r~r fir <br />the aaq~aisitian, rehahiEit~iti~~, de~[epr~ent ~r ep~ratian of the Project, <br />ect~cr~ ~ ~. T>~is Resa[~tian shall take effect irnr~edi~te[~ ~pcn its a~optior~ by <br />the uthorir Bard, ~~d the Rerdin~ secretary far the ~utharity hil het tc r~~ <br />certify the gate ~dcpti~~ this ~esalutian. <br />~~~PT~~ this ~ ~~ da}~ of ~~ ~~~'. <br />~~sa1u~~~n i~~. HA ~~~~-~~~ <br />P~~~ ~ ~f ~ <br />
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