City of Boerne, TX
File #: 2018-607    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 8/30/2018 In control: Boerne Public Facility Corporation
On agenda: 9/11/2018 Final action:
Title: CONSIDERATION AND ACTION REGARDING A RESOLUTION AUTHORIZING THE LIV AT BOERNE SENIOR APARTMENTS TRANSACTION, INCLUDING THE EXECUTION OF ALL DOCUMENTATION NECESSARY TO CARRY OUT THE TRANSACTION; AUTHORIZING THE LEASE OF LAND FOR THE TRANSACTION; AND AUTHORIZING THE ACQUISITION OF THE MEMBERSHIP INTEREST IN BPFC LIV BOERNE GP, LLC; AND AUTHORIZING THE FINANCING FOR SUCH TRANSACTION; AND AUTHORIZING BOERNE PUBLIC FACILITY CORPORATION TO SERVE AS A JOINT VENTURER IN THE GENERAL CONTRACTOR; AND OTHER MATTERS IN CONNECTION THEREWITH
Sponsors: Jeff Thompson
Attachments: 1. Agenda Memorandum, 2. Boerne_Sole_Member_Resolution_Authorizing, 3. Financing Agreement, 4. Organizational Chart, 5. Regulatory Agreement and Declaration of Restrictive Covenants, 6. Trust Indenture

Title

CONSIDERATION AND ACTION REGARDING A RESOLUTION AUTHORIZING THE LIV AT BOERNE SENIOR APARTMENTS TRANSACTION, INCLUDING THE EXECUTION OF ALL DOCUMENTATION NECESSARY TO CARRY OUT THE TRANSACTION; AUTHORIZING THE LEASE OF LAND FOR THE TRANSACTION; AND AUTHORIZING THE ACQUISITION OF THE MEMBERSHIP INTEREST IN BPFC LIV BOERNE GP, LLC; AND AUTHORIZING THE FINANCING FOR SUCH TRANSACTION; AND AUTHORIZING BOERNE PUBLIC FACILITY CORPORATION TO SERVE AS A JOINT VENTURER IN THE GENERAL CONTRACTOR; AND OTHER MATTERS IN CONNECTION THEREWITH

 

 

Recommendation

RECOMMENDED VERBIAGE FOR CITY COUNCIL ACTION:

Approve Or Deny A Resolution Authorizing The LIV At Boerne Senior Apartments Transaction, Including The Execution Of All Documentation Necessary To Carry Out The Transaction; Authorizing The Lease Of Land For The Transaction; And Authorizing The Acquisition Of The Membership Interest In BPFC LIV Boerne GP, LLC; And Authorizing The Financing For Such Transaction; And Authorizing Boerne Public Facility Corporation To Serve As A Joint Venturer In The General Contractor; And Other Matters In Connection Therewith.

 

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