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150874
| 1 | | | Ordinance | Authorizing acceptance of an award from the U.S. Department of Housing and Urban Development (“HUD”) of a Section 108 Loan Guarantee in the amount of $2,950,000.00; authorizing a Section 108 Loan Guarantee Agreement with HUD; estimating revenue and appropriating funds in the amount of $2,950,000.00; authorizing a contract, financing agreement and loan documents in the amount of $1,300,000.00 of Section 108 Loan funds with Faxon School Apartments, LP; authorizing the replacement of previously authorized CDBG funds with Section 108 Loan funds for the St. Michael’s Veterans Center and the YMCA of Greater Kansas City projects and authorizing contracts with both entities; authorizing a contract, financing agreement and loan documents in the amount of $1,650,000.00 of CDBG funds with Oak Point Partners, LP; designating requisitioning authority; and recognizing an accelerated effective date. | Released | |
Action details
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