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REGULAR MEETING AGENDAAugust 16, 2018 at 2:00 p.m.California State Association of Counties1100 K Street, 1st Floor, Sacramento, CA 95814Telephonic Locations:County of Solano675 Texas Street, Fairfield, CA 94533City of Sausalito420 Litho Street, Sausalito, CA 94965County of Yuba915 8th Street, Marysville, CA 959013252 Southern Hills DriveFairfield, CA 94534A.OPENING AND PROCEDURAL ITEMS1.B.Roll Call.Dan Harrison, ChairLarry Combs, Vice ChairKevin O’Rourke, TreasurerTim Snellings, SecretaryJordan Kaufman, MemberDan Mierzwa, MemberBrian Moura, MemberMichael Cooper, Alt. Member2.Consideration of the Minutes of the August 2, 2018 Regular Meeting.3.Consent Calendar.4.Public Comment.ITEMS FOR CONSIDERATION5.Consideration of the issuance of revenue bonds or other obligations to finance orrefinance the following projects, the execution and delivery of related documents, andother related actions:a.Trower Housing Partners, L.P. (Rocky Hill Veterans Apartments), City ofVacaville, County of Solano; issue up to 6,000,000 in in multi-family housingrevenue bonds.Thispage agenda was posted at 1100 K Street, Sacramento, California on , 2018 at: m, Signed . Please email signed page to [email protected]

6.Conduct proceedings with respect to the Statewide Community Infrastructure Program(SCIP) (hearing to be held at 2 p.m. or shortly thereafter):a.b.c.d.7.C.Open Consolidated Assessment Districts Public Hearing.Close Consolidated Assessment Districts Public Hearing.Open assessment ballots and announce results.Consideration of the resolution approving final engineer’s reports, levyingassessments, ordering the financing of specified development impact fees andcapital improvements, and confirming unpaid assessment amounts.Review 2017-2018 Fiscal Year Financial Results and Bank Account Activity.STAFF ANNOUNCEMENTS, REPORTS ON ACTIVITIES OR REQUESTS8.Executive Director Update.9.Staff Updates.10.Adjourn.NEXT MEETING:Thursday, September 6, 2018 at 2:00 p.m.League of California Cities1400 K Street, 3rd Floor, Sacramento, CA 958142

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITYCONSENT CALENDAR1.Inducement of APP Properties, Inc. (APP Hayward Jet Center), City of Hayward, County ofAlameda; issue up to 6,000,000 in special facility airport revenue bonds.2.Inducement of NCCD-Hooper Street LLC (California College of the Arts), City and County ofSan Francisco; issue up to 100,000,000 in college housing revenue bonds.3.Approve and ratify the addition of the City of Pismo Beach as a CSCDA program participant.August 16, 20183

TABLE OF CONTENTSAugust 16, 2018Item 2August 2, 2018 Regular Meeting MinutesPage 5Item 3Consent CalendarPage 8Item 5aRocky Hill Veterans ApartmentsPage 15Item 6SCIP ProceedingsPage 22Item 7Fiscal Year FinancialsPage 304

MINUTESREGULAR MEETING OF THE CALIFORNIA STATEWIDE COMMUNITIESDEVELOPMENT AUTHORITYAugust 2, 2018 at 2:00 p.m.California State Association of Counties1100 K Street, 1st Floor, Sacramento, CA 95814Commission Chair Dan Harrison called the meeting to order at 2:02 pm, and adjourned themeeting until August 3, 2018 at 10:00 am.Commission Chair Dan Harrison called the meeting to order on August 3, 2018 at 10:00 am.1. Roll Call.Commission members participating via teleconference: Dan Harrison, Jordan Kaufman, BrianMoura, and Michael Cooper.Others participating via teleconference: Jon Penkower, Bridge Strategic Partners; TrishaOrtiz, Richards Watson & Gershon; and Sendy Young, CSAC Finance Corporation.2. Consideration of the Minutes of the July 19, 2018 Regular and Special Meetings.The Commission approved the July 19, 2018 regular meeting minutes and special meetingminutes.Motion to approve by B. Moura. Second by M. Cooper. Unanimously approved by roll-callvote.3. Consideration of the Consent Calendar.The Commission approved the Consent Calendar.1. Inducement of SUV Affordable, LP (Sutter Village Apartments), City of Yuba City,County of Sutter, issue up to 15 million in multi-family housing revenue bonds.2. Inducement of Community HousingWorks (Parkside Terrace), City of San Jose, Countyof Santa Clara; issue up to 85 million in multi-family housing revenue bonds.Motion to approve by J. Kaufman. Second by B. Moura. Unanimously approved.5

4. Public Comment.There was no public comment.5. Consideration of the issuance of revenue bonds or other obligation to finance or refinance thefollowing projects, the execution and delivery of related documents, and other related actions.a. Methodist Hospital of Southern California, City of Arcadia, County of LosAngeles; issue up to 300,000,000 in nonprofit healthcare revenue and refundingbonds.Staff gave an overview of the project, and the financing complies with CSCDA’s general andissuance policies. The project is an acquisition, construction, improvement, and/or equippingof hospital and other healthcare facilities located in the City of Arcadia. This will the secondCSCDA financing for MHSC. Executive Director Bando recommended approval of thefinancing via email.Motion to approve and adopt by M. Cooper. Second by J. Kaufman. Unanimouslyapproved by roll-call vote.b. Adventist Health System/West, City of Marysville, County of Yuba; City ofYuba City, County of Sutter; and City of Roseville, County of Placer; issue up to 350,000,000 in nonprofit healthcare revenue and refunding bonds.Staff gave an overview of the project, and the financing complies with CSCDA’s general andissuance policies. The project is an acquisition, construction, improvement, and/or equippingof hospital and other healthcare facilities located in the City of Marysville. This will thefourth CSCDA financing for MHSC. Executive Director Bando recommended approval ofthe financing via email.Motion to approve and adopt by J. Kaufman. Second by B. Moura. Unanimously approvedby roll-call vote.6. Conduct proceedings with respect to the Statewide Community Infrastructure Program(SCIP) (Gilbert Ranch Projects) (hearing to be held at 2 p.m. or shortly thereafter):a. Open Consolidated Assessment Districts Public Hearing.b. Continue Assessment Districts Public Hearing to August 16, 2018 at theCalifornia State Association of Counties.Commission Chair Dan Harrison opened the public hearing with respect to the StatewideCommunity Infrastructure Program (SCIP). He continued the public hearing to August 16, 2018.There were no oral or written comments from the public.7. Executive Director Update.Executive Director Bando had no update.8. Staff Update.CSCDA MinutesAugust 2, 20186

Staff had no update.9. Adjourn.The meeting was adjourned at 10:10 am.Submitted by: Sendy Young, CSAC Finance CorporationNEXT MEETING:Thursday, August 16, 2018 at 2:00 p.m.California State Association of Counties1100 K Street, 1st Floor, Sacramento, CA 95814CSCDA MinutesAugust 2, 20187

RESOLUTION NO. 18 -A RESOLUTION OF THE CALIFORNIA STATEWIDECOMMUNITIES DEVELOPMENT AUTHORITY SETTINGFORTH THE AUTHORITY’S OFFICIAL INTENT TO ISSUESPECIAL FACILITY AIRPORT REVENUE BONDS TOUNDERTAKE THE FINANCING OF FBO FACILITIES ATHAYWARD EXECUTIVE AIRPORT AND RELATED ACTIONSWHEREAS, pursuant to the provisions of the Joint Exercise of Powers Act, comprising Articles1, 2, 3 and 4 of Chapter 5 of Division 7 of Title 1 (commencing with Section 6500) of the GovernmentCode of the State of California (the “Enabling Act”), a number of California cities, counties and specialdistricts (each, a “Program Participant”) entered into a joint exercise of powers agreement (the“Agreement”) pursuant to which the California Statewide Communities Development Authority (the“Authority”) was organized; andWHEREAS, the Authority is authorized by the Agreement to issue bonds, notes or other evidencesof indebtedness, or certificates of participation in leases or other agreements in order to promote economicdevelopment; andWHEREAS, the Authority is authorized and empowered by the Act and the Agreement to issuespecial facility airport revenue bonds pursuant to Part 5 (commencing with Section 52000) of the CaliforniaHealth and Safety Code (the “Act”) for the purpose of financing interests in and improvements to fixedbase of operation (“FBO”) facilities at airports in California; andWHEREAS, the City of Hayward, California (the “City”) is a Program Participant, and such Cityis authorized to acquire and dispose of property, both real and personal, pursuant to the provisions of Article1, Chapter 5, Part 2 of Division 3 of Title 4 of the Government Code of the State of California; andWHEREAS, the borrower identified in Exhibit A hereto and/or related entities (collectively, the“Borrower”) has requested that the Authority issue and sell special facility airport revenue bonds (the“Bonds”) pursuant to the Act for the purpose of financing the acquisition and rehabilitation as set forth inExhibit A, of certain interests in and improvements to FBO facilities at airports in California identified inExhibit A hereto (collectively, the “Project”); andWHEREAS, the Authority, in the course of assisting the Borrower in financing the Project, expectsthat the Borrower has paid or may pay certain expenditures (the “Reimbursement Expenditures”) inconnection with the Project within 60 days prior to the adoption of this Resolution and prior to the issuanceof the Bonds for the purpose of financing costs associated with the Project on a long-term basis; andWHEREAS, Section 1.103-8(a)(5) and Section 1.150-2 of the Treasury Regulations require theAuthority to declare its reasonable official intent to reimburse prior expenditures for the Project withproceeds of a subsequent tax-exempt borrowing; andWHEREAS, the Authority wishes to declare its intention to authorize the issuance of Bonds forthe purpose of financing costs of the Project (including reimbursement of the Reimbursement Expenditures,when so requested by the Borrower upon such terms and conditions as may then be agreed upon by theAuthority, the Borrower and the purchaser of the Bonds) in an aggregate principal amount not to exceedthe amount with respect to the Project set forth in Exhibit A;18

NOW, THEREFORE, BE IT RESOLVED by the Commission of the Authority as follows:Section 1.The above recitals, and each of them, are true and correct.Section 2.The Authority hereby determines that it is necessary and desirable to providefinancing for the Project (including reimbursement of the Reimbursement Expenditures) by the issuanceand sale of Bonds pursuant to the Act, as shall be authorized by resolution of the Authority at a meeting tobe held for such purpose, in an aggregate principal amount not to exceed the amount set forth in Exhibit A.This action is taken expressly for the purpose of inducing the Borrower to undertake the Project, and nothingcontained herein shall be construed to signify that the Project comply with the planning, zoning, subdivisionand building laws and ordinances applicable thereto or to suggest that the Authority or any ProgramParticipant, or officer or agent of the Authority will grant any such approval, consent or permit that may berequired in connection with the acquisition and rehabilitation of the Project, or that the Authority will makeany expenditures, incur any indebtedness, or proceed with the financing of the Project.Section 3.This resolution is being adopted by the Authority solely for purposes ofestablishing compliance with the requirements of Section 1.103-8(a)(5) and Section 1.150-2 of the TreasuryRegulations. In such regard, the Authority hereby declares its official intent to use proceeds of indebtednessto reimburse the Reimbursement Expenditures.[Remainder of this page intentionally left blank.]29

PASSED AND ADOPTED by the California Statewide Communities Development Authority thisAugust 16, 2018.I, the undersigned, a duly appointed and qualified Member of the California StatewideCommunities Development Authority, DO HEREBY CERTIFY that the foregoing resolution was dulyadopted by the Commission of said Authority at a duly called meeting of the Commission of said Authorityheld in accordance with law on August 16, 2018.ByMember of the Commission310

EXHIBIT AProject DescriptionAPP Properties, Inc., a Maryland corporation (together with any parent, subsidiary or other affiliate, the“Borrower”), has requested that the Authority issue bonds in the amount of up to 6,000,000, to finance or reimbursethe costs of the acquisition and improvement of three aircraft storage hangars totaling approximately 33,000 squarefeet, located at the Hayward Executive Airport at 19995 Skywest Drive in the City of Hayward, California(collectively, the “Project”).PHI 317980891v1A-111

RESOLUTION NO. 18H-A RESOLUTION OF THE CALIFORNIA STATEWIDECOMMUNITIES DEVELOPMENT AUTHORITY SETTINGFORTH THE AUTHORITY’S OFFICIAL INTENT TO ISSUEREVENUE BONDS TO UNDERTAKE THE FINANCING OFSTUDENT HOUSING PROJECTS AND RELATED ACTIONSWHEREAS, the Authority is authorized and empowered by the Title 1, Division 7, Chapter5 of the California Government Code (the “Act”) to issue bonds for the purpose of financing student housingprojects; andWHEREAS, NCCD-Hooper Street LLC and/or its affiliates (the “Borrower”) hasrequested that the Authority issue and sell college housing revenue bonds (the “Bonds”) pursuant to the Actfor the purpose of financing the acquisition, construction, furnishing and equipping of an approximately 524bed, on-campus student housing facility to be located at 188 Hooper Street (the “Project”) intended to benefitstudents of the California College of the Arts (the “College”); andWHEREAS, the Authority, in the course of assisting the Borrower in financing the Project,expects that the Borrower and/or the College has paid or may pay certain expenditures (the “ReimbursementExpenditures”) in connection with the Project within 60 days prior to the adoption of this Resolution andprior to the issuance of the Bonds for the purpose of financing costs associated with the Project on a longterm basis; andWHEREAS, Section 1.150-2 of the Treasury Regulations allows the Authority to declare itsreasonable official intent to reimburse prior expenditures for the Project with proceeds of a subsequent taxexempt borrowing; andWHEREAS, the Authority wishes to declare its intention to authorize the issuance of Bondsfor the purpose of financing costs of the Project (including reimbursement of the ReimbursementExpenditures, when so requested by the Borrower upon such terms and condition as may then be agreed uponby the Authority, the Borrower and the purchaser of the Bonds) in an aggregate principal amount notexpected to exceed 100,000,000; andNOW, THEREFORE, BE IT RESOLVED by the Commission of the Authority asfollows:Section 1.The above recitals, and each of them, are true and correct.Section 2.The Authority hereby determines that it is necessary and desirable toprovide financing for the Project (including reimbursement of the Reimbursement Expenditures) by theissuance and sale of Bonds pursuant to the Act, as shall be authorized by resolution of the Authority at ameeting to be held for such purpose, in aggregate principal amounts not expected to exceed 100,000,000.This action is taken expressly for the purpose of inducing the Borrower to undertake the Project, andnothing contained herein shall be construed to signify that the Project complies with the planning, zoning,subdivision and building laws and ordinances applicable thereto or to suggest that the Authority or anyprogram participant, officer or agent of the Authority will grant any such approval, consent or permit thatmay be required in connection with the acquisition, construction, furnishing and equipping of the Project,or that the Authority will make any expenditures, incur any indebtedness, or proceed with the financing ofthe Project.14157-5805-723812

Section 3.This resolution is being adopted by the Authority for purposes ofestablishing compliance with the requirements of Section 1.150-2 of the Treasury Regulations. In suchregard, the Authority hereby declares its official intent to use proceeds of indebtedness to reimburse theReimbursement Expenditures.24157-5805-723813

PASSED AND ADOPTED by the California Statewide Communities Development Authority this, 2018.The undersigned, an Authorized Signatory of the California Statewide Communities DevelopmentAuthority, DOES HEREBY CERTIFY that the foregoing resolution was duly adopted by the Commission ofsaid Authority at a duly called meeting of the Commission of said Authority held in accordance with law on, 2018.By:Authorized Signatory24157-5805-723814

Agenda Item No. 5aAgenda ReportDATE:August 16, 2018TO:CSCDA COMMISSIONERSFROM:Cathy Bando, Executive DirectorPROJECT:Rocky Hill Veterans ApartmentsPURPOSE:Approve the Financing of Rental Affordable Housing Project Located in the Cityof Vacaville, County of SolanoAMOUNT:Not to Exceed 6,000,000EXECUTIVE SUMMARY:On December 5, 2016, CSCDA issued 11,000,000 in multi-family housing revenue bonds forRocky Hill Veterans Apartments (the “Project”), a new 39-unit rental affordable housing projectlocated in the City of Vacaville (the “City”). 100% of the units will be rent restricted for lowincome tenants. The Project encountered unforeseen additional costs which were financed with a 4.1 million taxable loan. The Project sponsor is now seeking to replace the taxable loan withsupplemental CSCDA issued tax-exempt bonds in order to remain in compliance with CDLAC’s50% test, which requires that at least 50% of the project costs be financed with tax-exempt bonds.PROJECT DESCRIPTION: New construction of 39-unit affordable senior rental housing facility located at RockyHill Road and Holly Lane in the City of Vacaville.Two wood frame residential buildings on 1.42 acre site.Consists of 11 one-bedroom, 15 two-bedroom, 12 four-bedroom units and one manager’sunit. 29 units are restricted for veterans (11 of which will serve chronically homelessveterans).PROJECT ANALYSIS:Background on Applicant:Community Development Partners (CDP) develops and operates sustainable, life-enhancingaffordable housing with a focus on long term community engagement. CDP is a leader oftransformative change – responsible for creating life-enhancing affordable development projectsthat adhere to strict standards of environmentally, socially and economically responsible buildings15

CSCDA Agenda ReportRocky Hill Veterans ApartmentsAugust 16, 2018Page 2and communities. CDP’s mission is to repair and strengthen the fabric of cities and towns bymeeting the housing needs of local citizens through the thoughtful planning and development ofaffordable communities. CDP is dedicated to providing the highest quality life-enhancing housingfor qualifying low income residents. Founded in 2012, CDP’s multi-disciplinary team is comprisedof real estate development experts who contribute diverse backgrounds in both affordable andmarket-rate development. Its goal is to weave a sense of community into each of the projectscompleted.Public Agency Approval:TEFRA Hearing:May 8, 2018 – City of Vacaville – unanimous approvalCDLAC Approval:June 20, 2018Public Benefits: 100% of the units will be rent restricted for 55 years.o 63% (24 units) restricted to 60% or less of area median income households.o 37% (14 units) restricted to 50% or less of area median income households.The Project is in close proximity to recreational facilities, grocery stores and public K-12schools.Sources and Uses:Sources of Funds:Tax-Exempt Bonds:Total Sources: 4,100,000 4,100,000Uses of Funds:Refinance Taxable Loan:Total Uses: 4,100,000 4,100,000Finance Partners:Bond Counsel:Orrick, Herrington & Sutcliffe, LLP, San FranciscoAuthority Counsel:Orrick, Herrington & Sutcliffe, LLP, SacramentoPrivate Placement Purchaser:Citibank, N.A.Finance Terms:Rating:Term:Structure:Closing:Unrated35 yearsPrivate PlacementSeptember 15, 201816

CSCDA Agenda ReportRocky Hill Veterans ApartmentsAugust 16, 2018Page 3CSCDA Policy Compliance:The financing for the Project complies with CSCDA’s general and issuance policies for unrateddebt.DOCUMENTS: (as attachments)1.CSCDA Resolution (Attachment A)COMMISSION ACTION RECOMMENDED BY THE EXECUTIVE DIRECTOR:1.Approves the issuance of the Bonds and the financing of the Project;2.Approves all necessary actions and documents in connection with the financing;and3.Authorizes any member of the Commission or Authorized Signatory to sign allnecessary documents.17

CSCDA Agenda ReportRocky Hill Veterans ApartmentsAugust 16, 2018Page 4ATTACHMENT ARESOLUTION NO. 18H-A RESOLUTION OF THE CALIFORNIA STATEWIDE COMMUNITIESDEVELOPMENT AUTHORITY AUTHORIZING THE ISSUANCE ANDDELIVERY OF MULTIFAMILY HOUSING REVENUE NOTES IN ANAGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED 6,000,000 FORTHE FINANCING OF A MULTIFAMILY RENTAL HOUSING PROJECTGENERALLY KNOWN AS ROCKY HILL VETERANS APARTMENTS;DETERMINING AND PRESCRIBING CERTAIN MATTERS ANDAPPROVING AND AUTHORIZING THE EXECUTION OF ANDDELIVERY OF VARIOUS DOCUMENTS RELATED THERETO;RATIFYING ANY ACTION HERETOFORE TAKEN AND APPROVINGRELATED MATTERS IN CONNECTION WITH THE NOTESWHEREAS, the California Statewide Communities Development Authority (the“Authority”) is authorized by the Joint Powers Act, commencing with Section 6500 of the CaliforniaGovernment Code (the “JPA Law”), and its Amended and Restated Joint Exercise of PowersAgreement, dated as of June 1, 1988, as the same may be amended (the “Agreement”), to issue revenuebonds for the purpose of financing, among other things, the acquisition, construction, rehabilitationand development of multifamily rental housing projects in accordance with Chapter 7 of Part 5 ofDivision 31 of the California Health and Safety Code (the “Housing Law”);WHEREAS, in 2016 at the request of Trower Housing Partners, L.P., a California limitedpartnership (the “Borrower”), the Authority issued 11,000,000 aggregate principal amount of itsCalifornia Statewide Communities Development Authority Multifamily Housing RevenueConstruction/Permanent Note (Rocky Hill Veterans Apartments) 2016 Series CC, and loaned theproceeds thereof to the Borrower to assist in providing financing for a 39-unit multifamily rentalhousing development located in the City of Vacaville, California and known as Rocky Hill VeteransApartments (the “Project”);WHEREAS, the Borrower has requested that the Authority issue and sell additionaltax-exempt revenue notes to further assist in the financing of the acquisition and construction of theProject;WHEREAS, on June 20, 2018, the Authority received a supplemental allocation inthe amount of 4,100,000 (the “Allocation Amount”) from the California Debt Limit AllocationCommittee in connection with the Project;WHEREAS, the City of Vacaville is a Program Participant (as defined in theAgreement) of the Authority and has authorized the issuance of the Note (as defined herein);18

CSCDA Agenda ReportRocky Hill Veterans ApartmentsAugust 16, 2018Page 5WHEREAS, the Authority is willing to issue not to exceed 6,000,000 aggregateprincipal amount of its Multifamily Housing Revenue Note (Rocky Hill Veterans Apartments) 2018Series O (the "Note"); provided that the portion of such Note issued as federally tax-exemptobligations shall not exceed the Allocation Amount, and loan the proceeds thereof to the Borrowerto further assist in providing financing for the Project, which will allow the Borrower to reduce thecost of the Project and to assist in providing housing for low income persons;WHEREAS, the Note will be executed and delivered to Citibank, N.A. (the“Funding Lender”), as the initial holder of the Note;WHEREAS, there have been prepared and made available to the members of theCommission of the Authority (the “Commission”) the following documents required for the issuanceof the Note, and such documents are now in substantial form and appropriate instruments to beexecuted and delivered for the purposes intended:(1)Funding Loan Agreement (the “Funding Loan Agreement”) to beentered into between the Funding Lender and the Authority;(2)Borrower Loan Agreement (the “Borrower Loan Agreement”) tobe entered into between the Authority and Borrower; and(3)Contingency Draw-Down Agreement (the “Contingency DrawDown Agreement”) to be entered into by the Funding Lender and the Borrower.NOW, THEREFORE, BE IT RESOLVED by the members of the Commission, asfollows:Section 1.The recitals set forth above are true and correct, and the membersof the Commission hereby find them to be so.Section 2.Pursuant to the JPA Law and the Funding Loan Agreement, and inaccordance with the Housing Law, the Authority is hereby authorized to issue one or more series ofNotes. The Note shall be designated as “California Statewide Communities Development AuthorityMultifamily Housing Revenue Note (Rocky Hill Veterans Apartments) 2018 Series O”; withappropriate modifications and series and sub-series designations as necessary, in an aggregate principalamount not to exceed 6,000,000; provided that the aggregate principal amount of any tax-exemptNotes issued shall not exceed the Allocation Amount. The Note shall be executed and delivered in theform set forth in and otherwise in accordance with the Funding Loan Agreement, and shall be executedon behalf of the Authority by the manual or facsimile signature of any Authorized Signatory. TheNote shall be secured in accordance with the terms of the Funding Loan Agreement presented to thismeeting, as hereinafter approved. Payment of the principal and purchase price of, and prepaymentpremium, if any, and interest on, the Note shall be made solely from amounts pledged thereto underthe Funding Loan Agreement, and the Note shall not be deemed to constitute a debt or liability of theAuthority or any Program Participant or Member of the Commission of the Authority (each, a“Member”).19

CSCDA Agenda ReportRocky Hill Veterans ApartmentsAugust 16, 2018Page 6Section 3.The Funding Loan Agreement in the form presented at this meetingis hereby approved. Any Member, or any other person as may be designated and authorized to signfor the Authority pursuant to a resolution adopted thereby (including, without limitation, theadministrative delegatees duly authorized pursuant to Resolution No. 18R-2 of the Authority, adoptedon April 19, 2018) (together with the Members, each such person is referred to herein individually asan “Authorized Signatory”), acting alone, is authorized to execute by manual signature and deliver theFunding Loan Agreement, with such changes and insertions therein as may be necessary to cause thesame to carry out the intent of this Resolution and as are approved by counsel to the Authority, suchapproval to be conclusively evidenced by the delivery thereof. The date, maturity date or dates (whichshall not extend beyond December 1, 2063), interest rate or rates (which shall not exceed 12%), interestpayment dates, denominations, form, registration privileges, manner of execution, place of payment,terms of prepayment and other terms of the Note shall be as provided in the Funding Loan Agreementas finally executed.Section 4.The Borrower Loan Agreement in the form presented at this meetingis hereby approved. Any Authorized Signatory, acting alone, is authorized to execute by manualsignature and deliver the Borrower Loan Agreement, with such changes and insertions therein as maybe necessary to cause the same to carry out the intent of this Resolution and as are approved by counselto the Authority, such approval to be conclusively evidenced by the delivery thereof.Section 5.The Contingency Draw-Down Agreement in the form presented atthis meeting is hereby approved.Section 6.The Authority is hereby authorized to execute and deliver the Noteto the Funding Lender pursuant to the terms and conditions of the Funding Loan Agreement.Section 7.All actions heretofore taken by the officers and agents of theAuthority with respect to the financing of the Project and the execution and delivery of the Noteare hereby approved, ratified and confirmed, and any Authorized Signatory, acting alone, is herebyauthorized and directed, for and in the name and on behalf of the Authority, to do any and all thingsand take any and all actions and execute and deliver any and all certificates, agreements and otherdocuments, including but not limited to a tax certificate, loan related documents, an assignment ofdeed of trust, any endorsement, allonge or assignment of any note and such other documents asdescribed in the Funding Loan Agreement and the other documents herein approved, which they,or any of them, may deem necessary or advisable in order to consummate the lawful execution anddelivery of the Note and to effectuate the purposes thereof and of the documents herein approvedin accordance with this resolution and resolutions heretofore adopted by the Authority andotherwise in order to carry out the financing of the Project.Section 8.All consents, approvals, notices, orders, requests and other actionspermitted or required by any of the documents authorized by this Resolution, whether before or afterthe execution and delivery of the Note, including without limitation any of the foregoing that may benecessary or desirable in connection with any default under or amendment of such documents, anytransfer or other disposition of the Project, any addition or substitution of security for the Note or anyprepayment of the Note, may be given or taken by any Authorized Signatory, as appropriate, withoutfurther authorization by the Commission, and each such officer is hereby authorized and directed togive any such consent, approval, notice, order or request and to take any such action that such officer20

CSCDA Agenda ReportRocky Hill Veterans ApartmentsAugust 16, 2018Page 7may deem necessary or desirable to further the purposes of this Resolution and the financing of theProject; provided such action shall not create any obligation or liability of the Authority other than asprovi

Aug 16, 2018 · 3. Consideration of the Consent Calendar. The Commission approved the Consent Calendar. 1. Inducement of SUV Affordable, LP (Sutter Village Apartments), City of Yuba City, County of Sutter, issue up to 15 million in multi-family housing revenue bonds. 2. Inducement of Community