8K1 - RESOLUTION AWARDING UP TO $8,500,000.00 IN DOCUMENTARY STAMP SURTAX FUNDS TO BAC FUNDING CORPORATION, OR RELATED ENTITY (BAC) FOR PURPOSES OF DEVELOPING UNITY PLAZA TOWNHOME PROJECT, AN AFFORDABLE HOMEOWNERSHIP PROJECT; AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE ALL CONDITIONAL LOAN COMMITMENTS, STANDARD SHELL CONTRACTS, AGREEMENTS, LOAN DOCUMENTS, AND AMENDMENTS TO ACCOMPLISH THE PURPOSES SET FORTH HEREIN, AND TO SHIFT FUNDS AND FUNDING SOURCES AWARDED TO A PROJECT TO ANY NEW AFFILIATED ENTITIES CREATED FOR THE PURPOSE OF CARRYING OUT THE PROJECT; AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO SUBORDINATE AND/OR MODIFY THE TERMS OF THE CONTRACTS, AGREEMENTS, AMENDMENTS AND LOAN DOCUMENTS, AND TO EXERCISE TERMINATION, WAIVER, ACCELERATION AND OTHER PROVISIONS CONTAINED THEREIN;(Housing and Community Development)
February 18, 2026
Sponsors
Marleine Bastien