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25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST
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06/21/2016
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25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST
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Last modified
6/20/2016 10:17:15 AM
Creation date
6/16/2016 4:19:20 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25H
Date
6/21/2016
Destruction Year
2021
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(:alter• F.xpi rises ( l 1) <br />111uaxc fist tlrc,,c uxpunscs <br />Total Annual Operating p •' g jest' (12) S <br />I'm the p' <br />Lx'.tcrasv5 ' Housing rC.r' <br />(Adet Ihle's :5, (7, 7, 8, 9, 1 {.1, and 11 ) <br />Nut R7pcNttitar; lrteORle (Stabtaact Line 12 from Line 4 ") (13) <br />Do not rnclucte c;aperho Unrelated 'tcr Ihe. arpacrtrtian ofthe Rental Fortran of the <br />t➢ri,jec9 such as depreeiartiarn, trratr:➢r9''iz.atiasn, accrued pynincgaarl sn'ad irutur'e;t <br />expaensc on dc1 °cr od payrncnt udclrl, or uipailaal exp cndutuures. <br />Additional ('o-ash t [OW l'auynrncruts <br />Obligated I`iostMorl.aip' , Debt ServiccNgnt Rwu (w,aj,rprrrrwrcel ' by tire Agency and (14) .S <br />ertlrcr p urt.ien 111att may have sUuh approval rights) and Obligated Sceouwdnry <br />Subewdo)tatc Debt. Seawwe L'aaynucnts (as approved by the Agcncy Auld Mier parties <br />that may have mwh apparovaal'rights) <br />Scliedulud f)c p ogits to Resmes (as, approved by tlae Ag!Cncy) (1 5) <br />A dcditiorud T',rymen'f Obligarliorl,, (',kj4•1'r m partnership mana,genout 17ccs rlvlerred ( l6) '.$ <br />developer l7 cs, or repayments ern dcr,arrs to parIners, as approved by (lie. Agoney to <br />la rve prriot'rty over Residual Rcceupi Payment to the Agency) <br />'Total .Additional. C',asla d [Ow Payments, (Adel lines 1.4, 15,and lfi') (1 r) <br />Residual liuecipryts For Year hneting f.114) <br />(Subtract Line ne 17 From Line 13) <br />I wrl.ent4tlld A; nd RL'4ucl ll IIll R.eU6pa14' to 1741 j ul]ll to tile Agency (fOF pl1rY'4WIll In the (1 9) X, <br />Promissmy Note, by <tnd bet'wvecii the Agetrcy' and B arrower dated <br />Amount I'ayuhIc (o the Agency (Multiply Line; 18 by Line P)) po) $ <br />Lha auUOLUlt payable (o the Agency listed errs Line 20 is stubpuct tea p.iynrcnt according to the term" of, tile <br />Promissory Nta4'e by and bcttw'u;en tl'ac� Agency and Borrower edwLA If Line 247 is <br />50,00 or negative, you owe nothing to the, Agency thus y( iar. IfLine 10 is a positive number ", rorrnt clwck <br />payable to an([ attaula tar this rcpmt. <br />25H -98 <br />
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