File #: RES 24-023    Version: 1 Name:
Type: Resolution Status: Passed
File created: 10/1/2024 In control: City Council
On agenda: 10/8/2024 Final action: 10/8/2024
Title: Consider adopting a Resolution approving issuance by Harrisonburg Redevelopment and Housing Authority of Revenue Bonds for the acquisition, construction, renovation and equipping of multifamily rental housing units located in the City of Charlottesville, Virginia.
Attachments: 1. Memorandum, 2. Resolution, 3. HRHA documents, 4. Executed Resolution

Subject:

Title

Consider adopting a Resolution approving issuance by Harrisonburg Redevelopment and Housing Authority of Revenue Bonds for the acquisition, construction, renovation and equipping of multifamily rental housing units located in the City of Charlottesville, Virginia.

Body

Presented By:  Chris Brown, City Attorney

Recommendation and Review

HRHA is requesting that Council pass the above referenced resolution approving a bond issuance.  Council approval of HRHA’s issuance of the bonds is required by state law.  There is no liability incurred by the City as a result of this approval and the issuances of the bonds by HRHA.