CIVIC SQUARE ADMINISTRATION - Laserfiche WebLink

ADMINISTRATION AGREEMENT THIS ADMINISTRATION AGREEMENT is made and entered into as of November 1, 1985, by and among the CITY OF PLEASANTON, CALIFORNIA, a municipal corporation duly organized and existing under the Constitution and laws of the State of California (the "City"), BRADDOCK & LOGAN ASSOCIATES, a California partnership (the "Developer"), and the HOUSING AUTHORITY OF THE COUNTY OF ALAMEDA, a public body, corporate and politic, duly organized and existing under the Constitution and laws of the State of California (the "Program Administrator"). RECITALS: WHEREAS, the City has heretofore issued its Multifamily Housing Revenue Bonds, Issue A of 1985 (Civic Square Apartments Project) (the "Bonds") pursuant to an indenture of trust dated as of November 1, 1985 (the "Indenture") between the City and Seattle-First National Bank (the "Trustee") in order to provide financing for a 262-unit multifamily rental housing project (the"Project") to be constructed by the Developer; and WHEREAS, the City has entered into a Regulatory Agreement and Declaration of Restrictive Covenants dated as of November 1, 1985 (the "Regulatory Agreement") with the Trustee and the Developer, which agreement, among other things, sets forth certain restrictions applicable to the multifamily rental units to be financed, which restrictions are intended to assure compliance with the provisions of the Internal Revenue Code of 1954, as amended (the "Code"); and WHEREAS, the Program Administrator represents that it has the necessary experience and e~pertise required to evaluate whether the Developer's Project complies with the restrictions of the Regulatory Agreement; NOW, THEREFDRE, in consideration of the respective representations and covenants herein agree as follows: foregoing premises and the contained, the parties hereto