city of Chula Vista

File #: 19-0254    Name: St. Regis Park Bond Issuance
Type: Action Item Status: Passed
In control: City Council
On agenda: 6/11/2019 Final action: 6/11/2019
Title: RESOLUTION NO. 2019-004 OF THE CHULA VISTA HOUSING AUTHORITY AUTHORIZING THE EXECUTION AND DELIVERY OF ITS TAX-EXEMPT MULTIFAMILY HOUSING REVENUE NOTES AND ITS SUBORDINATE CHULA VISTA HOUSING AUTHORITY MULTIFAMILY HOUSING REVENUE BONDS (ST. REGIS PARK APARTMENTS), COLLECTIVELY IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $21,400,000, AND THE EXECUTION AND DELIVERY OF ITS TAXABLE MULTIFAMILY HOUSING REVENUE NOTES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $8,000,000 FOR THE PURPOSE OF FINANCING THE ACQUISITION AND REHABILITATION OF THE ST. REGIS PARK APARTMENTS MULTIFAMILY RENTAL HOUSING PROJECT; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF ANY AND ALL DOCUMENTS NECESSARY TO EXECUTE AND DELIVER THE NOTES, COMPLETE THE TRANSACTION AND IMPLEMENT THE RESOLUTION; AND RATIFYING AND APPROVING ANY ACTION HERETOFORE TAKEN IN CONNECTION WITH THE NOTES
Indexes: 2. Economic Vitality
Attachments: 1. Agenda Statement, 2. Resolution, 3. Attachment 1, 4. Attachment 2, 5. Attachment 3, 6. Attachment 4, 7. Attachment 5, 8. Attachment 6, 9. Attachment 7, 10. Attachment 8, 11. Attachment 9, 12. Attachment 10, 13. Attachment 11, 14. St. Regis - updated Disclosure Statement as of 5-31-19
Related files: 19-0060

Title

RESOLUTION NO. 2019-004 OF THE CHULA VISTA HOUSING AUTHORITY AUTHORIZING THE EXECUTION AND DELIVERY OF ITS TAX-EXEMPT MULTIFAMILY HOUSING REVENUE NOTES AND ITS SUBORDINATE CHULA VISTA HOUSING AUTHORITY MULTIFAMILY HOUSING REVENUE BONDS (ST. REGIS PARK APARTMENTS), COLLECTIVELY IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $21,400,000, AND THE EXECUTION AND DELIVERY OF ITS TAXABLE MULTIFAMILY HOUSING REVENUE NOTES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $8,000,000 FOR THE PURPOSE OF FINANCING THE ACQUISITION AND REHABILITATION OF THE ST. REGIS PARK APARTMENTS MULTIFAMILY RENTAL HOUSING PROJECT; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF ANY AND ALL DOCUMENTS NECESSARY TO EXECUTE AND DELIVER THE NOTES, COMPLETE THE TRANSACTION AND IMPLEMENT THE RESOLUTION; AND RATIFYING AND APPROVING ANY ACTION HERETOFORE TAKEN IN CONNECTION WITH THE NOTES

 

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RECOMMENDATION ACTION

Recommended Action

Authority adopt the resolution.

 

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ENVIRONMENTAL NOTICE

Environmental Notice

The project qualifies for a Class 1 Categorical Exemption pursuant to Section 15301 Existing Facilities of the California Environmental Quality Act State Guidelines because it involves the acquisition and rehabilitation of existing facilities which would not result in an expansion of the existing uses.