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Resolution Authorizing the <br />Issuance of Multi-Family Housing <br />Revenue Bands _ Santiago Villas <br />November 17, 2003 <br />Page 3 <br />FISCAL IMPACT <br />The issuance of tax-exempt bonds will result in developer payment of a <br />one-time issuer fee and an annual affordable monitoring fee to the <br />Housing Authority for a term of 55 years. Funds received will be <br />deposited into the Issuer Fee account (account no. 133-01-5594). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />t7o~Y~, P. Reekstin <br />E ecutive Director <br /> <br />Executi e Director <br />Finance & Management Services Agency <br />JPR/SLB/kla <br />I-l:Actions12E103HA1ResoAuEl~lssMulli-FamE-lsgltevE3nds-5aulVil-1 ]-17-03 <br />