File #: RES 23-016    Version: 1 Name: HRHA Bonds
Type: Resolution Status: Passed
File created: 11/20/2023 In control: City Council
On agenda: 11/28/2023 Final action: 11/28/2023
Title: Consider Adopting a Resolution approving issuance by Harrisonburg Redevelopment and Housing Authority of Revenue Bonds for the acquisition, construction, and equipping of an approximately 80-unit multifamily residential rental housing project and an approximately 84-unit age-restricted senior living housing facility (the "Projects") in the City of Harrisonburg, Virginia
Attachments: 1. Memorandum, 2. Resolution - BJS Harrisonburg Family, 3. Resolution - BJS Harrisonburg Senior, 4. HRHA executed resolution - BJS Family, 5. HRHA executed resolution - BJS Senior, 6. Executed Resolution - Senior, 7. Executed Resolution - Family

Subject:

Title

Consider Adopting a Resolution approving issuance by Harrisonburg Redevelopment and Housing Authority of Revenue Bonds for the acquisition, construction, and equipping of an approximately 80-unit multifamily residential rental housing project and an approximately 84-unit age-restricted senior living housing facility (the “Projects”) in the City of Harrisonburg, Virginia

 

Body

Presented By:  Chris Brown, City Attorney

Recommendation and Review

HRHA is requesting that Council pass the above referenced resolution approving two bond issuances.  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.