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1994-081-RES WHEREAS, the U.S. Department of Housing and Urban Development, Office of Public and Indian
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1994-081-RES WHEREAS, the U.S. Department of Housing and Urban Development, Office of Public and Indian
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8/18/2006 4:32:25 PM
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4/7/2005 6:33:13 AM
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CITY CLERK
Doc Name
1994
Doc Type
Resolution
CITY CLERK - Date
7/11/1994
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<br />FHA MIP <br />Fmancing fe. <br />FNMA / GNMA I.. <br />Generallequiremenls <br />Insurance <br />legal- construC1icn <br />legal- organization <br />Other f88s <br />Purchase price <br />Supplemental management fund <br />TaxIs <br />Tnls and recording Operating defici1 reserve <br />Resident initiative fund <br />Syndication expenses <br /> <br />Working capital reserve <br />TOlalland improvement <br />Total sHuc1ures <br />Uses paKJ from syndicalion musl include th, foUowing amounts: <br />Addi1ional acquisition price and expenses <br />Bridge loan inlerest <br />Oevelopma'.)J fee <br />Operating deficit reserve <br />Restdent initiative fund <br />Syndication expenses <br />Working capital ruerve <br /> <br />Footnotes: <br />1. All citations are 10 24 CF;:1 Part 12. which was published in tle Federal <br />Register on March '4. '~1 8156 Fed. Reg. 11032. <br />2. A lisl 01 the covered assis~rICe proQrams can be found at 24 CFR S 12.30. <br />Of in the rules or adminisvati...e inSlruc1ions goyeming the program invotv&d. <br />Note; The list 01 covered proilrams will be updated perQdieaJly. <br />3 Auistance means any t>>"otract. grant, loan, cooperative agr&ement, or <br />other form of assistance, a,....::fuding the insurance or guarantee of a loan or <br />mOi"igagt', that is proYidedwitl'lrespect to. speeffic projector aeliYity under <br />a program administered by D'le Department The I8rm does not include <br />eonll'ac:ts, s.uch 8$ pT't>C\lrernems contracts, that are subjecl10 t'le Federal <br />AcqJisition Regulation (FAR) (4.8 CFR Chapter 1). <br />(. See 24 CFR U'2.32 (a){2) and (3) lor delaDed gu;clanee on how ... <br />threshold is calculated. <br /> <br />S. "Other go~mmenl assistance' is defi~d 10 include any loan, grant. <br />guarantee, insurance, payment, rebate, subsKfy, credit, tax benefit, or any <br />other 1000m of direct or incirec1 assistance trom V'le Federal gOyemmenl <br />(other than that requested from HUD in the applicatiOl"\), a State, or a unit 01 <br />grmeral local govemment, 0( any agency or insvumentality thereol, tnal is, <br />or is ellpeetfld 10 be made, available wi1!'l res.pe<:1 to the project or actiyjltes <br />for which Ihe assistance is sought <br /> <br />6. For furt'ler guidance on this ahenon, and for a fist of eoyer~ programs, Jet <br />2( CFR f'2.50. <br /> <br />7. For purposes of Pan '2, a person means an individual (including a <br />consultant, lobbyist, or lawyer); corporation; company; aSs.oc:iation: author. <br />ity; firm; pannership; society; $LI\e, unil of general bc:al ~yemm.nt, Q( <br />other povemment entity, or apency thereof (including a publ~ housing <br />aQ8nc:y); Indian tribe; and any other organization or group 01 people. <br /> <br />Page 7 01 7 <br /> <br />lorm HUD-2nO <br />
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