Laserfiche WebLink
.ti <br /> �� i nl2�,, t ,L � SC°r4�, <br /> AV-140��`�e c c�'�'" {$� \� plf��� �{a p'�� �7���i,,� �} 1f�ct ;'' T ,`\�/(ta��+�o,'lit r�c [[��st��� � YY:��r '�,.s �,j! <br /> [ V APfij _ V\: 1�1 "L.KtAWkf F e voaa-' gb,i 'k�cR44.tdvm''"� 1�' .'iks.]:, <br /> �a rt�"`kY -� �.,`� '� - °t� tiY Y? ,� i..��" ..tz� �*`r is��.�;a�F <br /> -� ._,�-.. a � 5�" z <br /> PROJECT TITLE: 0 <br /> Plan of Financing and Related 5/25/11 Briefing COUNCIL BILL# <br /> Obligations to be issued by the Proposed Action Originating Department Finance <br /> Housing Authority of the City Consent Contact Person Debra Bryant <br /> of Everett 6/1/11 Action Phone Number X 8608 <br /> First Reading FOR AGENDA OF <br /> Second Reading <br /> Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> _The Everett Housing Authority(EHA)has secured a financing package for rehabilitation of Broadway Plaza, <br /> a 190-unit, low-income apartment complex. This financing involves issuing"private activity"bonds for <br /> qualified residential rental projects. IRS rules require that the City approve the issue after EHA conducts a <br /> public hearing. Public notice was published in a timely manner and the public hearing was conducted as <br /> required. <br /> The City's approval carries no duty or responsibility for the payment of the obligations. <br /> RECOMMENDATION: Approve the Mayor to sign the certificate approving the Everett Housing <br /> Authority's plan of financing and related obligations to be issued by the Housing Authority of the City of <br /> Everett. <br /> 159 <br />