Legislation Details

File #: 19-251    Version: Name:
Type: Agreement/Contract Status: Consent Agenda
File created: 2/6/2019 In control: Planning, Environmental, and Development Services Department
On agenda: 2/12/2019 Final action:
Title: Approval and execution of 1) Multi-Family Affordable Housing Developer’s Agreement for Impact Fee Subsidy by and between Orange County, Florida and Emerald Villas Phase Two, LLC in the amount of $75,000 and 2) approval of Subdordination Agreement (Emerald Villas Phase Two/SAIL & ELI RFA 2016-109 (2016-367BS) by and among Florida Housing Finance Corporation, Orange County, Florida and Emerald Villas Phase Two, LLC and Intercreditor Funding and Standstill Agreement among Bank of America, N.A., Florida Community Loan Fund, Inc., Florida Housing Finance Corporation, Neighborhood Lending Partners of Florida, Inc., Orange County, Florida and Emerald Villas Phase Two, LLC in substantially the form attached hereto and delegation of authority to the Manager of the Housing and Community Developemnt Division to execute such agreements and approve any minor changes thereto. District 2. (Housing and Community Development Division)
Attachments: 1. 2019-02-12 Planning, Environmental and Development Services Consent Item-05

title

Approval and execution of 1) Multi-Family Affordable Housing Developer’s Agreement for Impact Fee Subsidy by and between Orange County, Florida and Emerald Villas Phase Two, LLC in the amount of $75,000 and 2) approval of Subdordination Agreement (Emerald Villas Phase Two/SAIL & ELI RFA 2016-109 (2016-367BS) by and among Florida Housing Finance Corporation, Orange County, Florida and Emerald Villas Phase Two, LLC and Intercreditor Funding and Standstill Agreement among Bank of America, N.A., Florida Community Loan Fund, Inc., Florida Housing Finance Corporation, Neighborhood Lending Partners of Florida, Inc., Orange County, Florida and Emerald Villas Phase Two, LLC in substantially the form attached hereto and delegation of authority to the Manager of the Housing and Community Developemnt Division to execute such agreements and approve any minor changes thereto. District 2. (Housing and Community Development Division)