HomeMy WebLinkAboutResolution No. 384v Wi
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WHEREAS, the ARCH Executive Board has developed . number of i„ - ded
conditions to ensure thataffordabler i fundsfor re purpose
and that projects i r. i and
WHEREAS, the City Council has approved the Amended and Restated lnterloc l
Agreement for ARCH; and
Councildesiresr use City fundsto finance the:r
recommended by - ARCH Executive Board-, now, therefore,
Sectionr authorizes e duly -appointed • agency of
ARCH pursuant to the Amended and Restated Interlocal Agreement for ARCH to execute all
documents and take all necessary actions to enter into Agreements on behalf of •
Imagine Housing for Totem Lake Phase 2 Senior Apartments Amendment in an amount not tt
Uceed aMi !
Sectioni -. _ entered into pursuant i Section 1 of _ s
includefunded in a combined amount not to exceed that set forth in Section 1 . Such Agreements shall
terms and conditions to ensure that the City's funds are used for their intended purpose
and that the project maintains its affordability over time. In determining what conditions should
be included in the Agreements, the duly -appointed administering agency of ARCH shall be
guided b- - •. iforth. _fir.memorandumof
December copy r hereto as Exhibit A.
PASSED AND ADOPTED by - City Councilthe City of -r r of i
2016, and signed in authenticationof passage this 11 1h r.y of i 2016,
fri rtr. •
(''Cathleen J. Haggard, _.. y Attorney
Porter Foster Rorick, P
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a,
Mayor Alex Morco
Aimee Kellerman, City Clerk
Resolution No. 384 Page 1 of 1