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Home My WebLink AboutCertificate of Mayor r +y�' '� CERTIFICATE OF MAYOR APPR0�IING ISSUANCE OF OBLIGATIOl�TS BY HOUSING AUTHORITY OF THE CITY OF RENTON (Sunset Court Project) I am in receipt of the attached letter from the Housing Authority of the City of Renton (the"Authority") dated June 19, 2017 (the"Authority Letter"), advising the City of Renton, Washington (the"City"} that the Authority intends to issue certain obligations (the"Obligations") pursuant to a plan of financing, which may consist of multiple issues as described in the Authority Letter (the "Plan of Financing"} w�th respect to the project further described below (the "Project"). The Authority has advised the City that the Project will be owned, for federal income t� purposes, by Sunset Court LLLP, a Washington limited liability limited partnership of�vhich the Authority is the sole general partner (the "Borrower") and that proceeds of the Obligations will be used to make a loan or loans to the Borrower. The Obligations,the Project and the proposed financing are further described below: Project Description: Finance the construction of an approximately 50- unit apartment complex,to provide housing for low-income persons,as a qualified residential rental project under Section 142(d)of the Code Maximum Amount of Obligations: $5,000,000 Project Operator: Sunset Court LLLP, a Washington limited liability limited partnership of which the Authority is the sole general partner Project Location: 1144 Harrington Avenue NE, Renton, Washington 98056 The Vlayor is a �ity-wide elecied officiai, the City has jurisdiction over tne locaiion of u'�e P:oject u:.0 the ;uthcrity has adviscd t�c �i�� t�at thc Auth�rit�'s ��nd counse� has determined that the Mayor represents the City for the purposes of the approval of the issuance of the Obligations pursuant to the Plan of Financing as required by Section 147(fl of the Code. 516055J1 2 . _ � � I, Denis Law, Mayor of the City of Renton, Washington, approve each issue of the Obligations that is timely issued by the Authority far the Project in accordance with the Plan of Financing for the Project as described herein and in the Authority Letter. This approval is intended solely to comply with the requirements of Section I47(� of the Code. This approval is not intended to imply that the Obligations are issued on behalf of the City, that the Cit�� has approved the form of documents relating to the Obligations, that the City has approved underlying credit issues regarding the Project, or that the City is under any duty or has any responsibility for the payment of the Obligations or for fulfillment of the Authority's obIigations under documents relating to the Project or P1an of Financing. IN WITNESS WHEREOF, I have executed this instrument thi�d day of , 2017. GG�-r Denis Law, Mayor City of Renton, V✓ashington AT ST• � l�l./ M g M. Gregor, CMC Deput�� Clerk `� N ` �� =I�,GP 55iuti . i ��pll�t�'pTA,�f- „ � �i %V v': � . / i � N�!i 'OUB:�G Z .�'+ , % -yj��8'27-2��'�� ' �/ F ��ht��a��`�� '1 �+ � ��i,�F WAS��.�� ►►��``� SItiC5541.2 ,�.�,,` �"'� CERTIFICATE OF MAYOR APPROVING ISSUANCE OF OBLIGATIOI�TS BY HOUSING AUTHORITY OF THE CITY OF RENT4N (Sunset Court Project) I am in receipt of the attached letter from the Housing Authority of the City of Renton (the "Authority") dated June 19, 2017 (the"Authority Letter"), advising the City of Renton, Washington (the "City") that the Authority intends to issue certain obligations (the"Obligations") pursuant to a plan of financing, which may consist of multiple issues as described in the Authority Letter (the "Plan of Financing") with respect to the project further described below (the"Project"). The Authority has advised the City that the Project will be owned, for federal income tax purposes, by Sunset Court LLLP, a Washington limited liability limited partnership of which the Authority is the sole general partner (the `Borrower") and that proceeds of the Obligations will be used to make a loan or loans to the Borrower. The Obligations,the Project and the proposed financing are further described below: Project Description: Finance the construction of an approximately 50- unit apartment complex,to provide housing for low-income persons,as a qualified residential rental project under Section 142(d)of the Code Maximum Amount of Obligations: $5,000,000 Project Operator: Sunset Court LLLP, a Washington limited liability limited partnership of which the Authority is the sole general partner Project Location: 1144 Harrington Avenue NE, Renton, Washington 98056 The ivlayor is a �ity-wide elecied officiai, the City has jurisdiction over tne location of �e P.oject u�d the ;uthcrity has a�viscu t,�c �ity that th:. Autharit�'s ��nd ,,ounsel has determined that the Mayor represents the City for the purposes of the approval of the issuance of the Obligations pursuant to the Plan of Financing as required by Section 147(fl of the Code. 516055AI 2 � � I, Denis Law, Mayor of the City of Renton, Washington, approve each issue of the Obligations that is timely issued by the Authority for the Project in accordance with the Plan of Financing for the Project as described herein and in the Authority Letter. This approval is intended solely to comply with the requirements of Section 147(� of the Code. This approval is not intended to irnply that the Obligations are issued on behalf of the City, that the Cin� has approved the fonn of documents relating to the Obligations, that the City has approved underlying credit issues regarding the Project, or that the City is under any duty or has any responsibility for the payment of the Obligations or for fulfiliment of the Authority's obligations under documents relating to the Project or Plan of Financing. IN WITNESS WHEREOF, I have executed this instrument thi�'d day of , 2017. G�-� Denis Law, Mayor City of Renton, Washington AT ST• 0��'' M g M. Gregor, CMC Deput��`�' Clerk �� Nr � = C� .,,., � !�, � Siu.�, . r �=��a`?°T Al?f- -� � r ZV _ , _ v, � i i % Ni1 i A��F�l�G � 2 ! , ' 0 � .�G .., �j �j.�'� , �27-2� ''� ,. �/�,(C��4�� `.: �� F WASN\ ``.� ��►1\\\��`�` S160S5412