File #: 24-0660    Version: 1 Name:
Type: RESOLUTION Status: PASSED
File created: 6/20/2024 In control: City Manager
On agenda: 7/2/2024 Final action: 7/2/2024
Title: Resolution Approving a $640,000 Loan as Local Government Area of Opportunity Funding to Pinnacle at Cypress, LLLP for the “Pinnacle at Cypress” Project, Contingent Upon the Award of 9% Tax Credits from the Florida Housing Finance Corporation; Authorizing the City Manager to Execute Any and All Instruments - (Commission District 1)
Sponsors: City Commission Regular Meeting
Attachments: 1. Commission Agenda Memo 24-0660, 2. Exhibit 1 - Pinnacle at Cypress Proposal, 3. Exhibit 2 - FHFC Local Verification Form, 4. Exhibit 3 - Proposed Loan Letter, 5. Exhibit 4 - Resolution, 6. RESOLUTION NO 24-131

Title

Resolution Approving a $640,000 Loan as Local Government Area of Opportunity Funding to Pinnacle at Cypress, LLLP for the “Pinnacle at Cypress” Project, Contingent Upon the Award of 9% Tax Credits from the Florida Housing Finance Corporation; Authorizing the City Manager to Execute Any and All Instruments - (Commission District 1)