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10664-18
| 1 | | | Floor Motion | Motion to approve the minutes of the May 31, 2018 meeting of the Committee on Economic Development and Housing. | Passed | Pass |
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10662-18
| 1 | | | Ordinance | Authorizing the incurring of lease rental debt not to exceed an aggregate amount of $2,600,000 by entering into a debt service reserve fund replenishment guaranty agreement. Ordinance of the County of Allegheny, Pennsylvania (the “County”) determining to incur debt in an aggregate amount not to exceed $2,600,000 in connection with a project to be undertaken by the Allegheny County Industrial Development Authority (the “Authority”) on behalf of Residential Resources, Inc., Residential Resources Southwest, Inc. and Residential Resources Development Corporation; determining that such debt shall be incurred as lease rental debt to be evidenced by a debt service reserve fund guaranty agreement (the “Guaranty”) by the County relating to the authority’s lease revenue bonds, series of 2018 (Residential Resources Inc. Project), to be authorized and to be issued by said authority; briefly describing the project; authorizing and directing the preparation, certification and filing of the debt statement, the borrowing base certificate to be appended to the debt statement, and other appropriate d | Affirmatively Recommended | Pass |
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