Title
Resolution authorizing the issuance of Multifamily Housing Revenue Bonds for the purpose of financing the acquisition and construction of a multifamily rental housing project to be known as Jamboree West Gateway Apartments, and approving other related documents and actions. (District 1)
Discussion
[Description/Discussion]
Timing Considerations
[Timing Considerations]
Fiscal Impact
[Fiscal Impact]
SUGGESTED ACTION
Adopt resolution authorizing the issuance, sale and delivery of Bonds in an amount not to exceed $11,000,000 and approving and authorizing other related documents, official actions and matters; and
Authorize City Manager to execute all necessary documents.
Body
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LONG BEACH AUTHORIZING THE ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS FOR THE PURPOSE OF FINANCING THE ACQUISITION AND CONSTRUCTION OF A MULTIFAMILY RENTAL HOUSING PROJECT TO BE KNOWN AS JAMBOREE WEST GATEWAY APARTMENTS, AND APPROVING OTHER RELATED DOCUMENTS AND ACTIONS
Respectfully Submited,
[Respectfully Submited,]