Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Resilient Environment Division: Housing Finance Division
Information
Requested Action
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MOTION TO ADOPT Resolution, the title of which is as follows: (Commission District 7)
A Resolution of the Board of County Commissioners of Broward County, Florida approving the forms of and authorizing the execution and delivery by the Housing Finance Authority of Broward County, Florida (the "HFA") of (i) a Guaranty Reaffirmation and Partial Release Agreement, and (ii) a First Amendment to Multifamily Leasehold Mortgage, Assignment of Rents, Security Agreement and Fixture Filing, in connection with the HFA's $77,000,000 Multifamily Housing Revenue Note, Series 2022 (Douglas Gardens - Senior Health and Living); authorizing the proper officers, agents, and employees of the HFA to do all things necessary or advisable in connection with the hereinafter defined transfer and the hereinafter defined release and ratifying certain actions previously taken by the HFA in connection with the transactions authorized by this Resolution; and providing an effective date for this Resolution.
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Why Action is Necessary
Formal Board approval is necessary for the adoption of a Resolution, and Ordinance 79-41 requires that all contracts of the HFA in connection with the Transfer and the Release be approved by the Board.
What Action Accomplishes
Enables the adoption of the Resolution.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
None taken.
Summary Explanation/Background
THE RESILIENT ENVIRONMENT DEPARTMENT AND THE HOUSING FINANCE DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
This item supports the Goal of the Broward County Board of County Commissioner's ("Board") of "Ensuring residents have an affordable place to live by offering sustainable, compatible, innovative, accessible, affordable housing options for all income levels...
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