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RESOLUTION NO. 2026-02 RESOLUTION OF THE BOARD OF DIRECTORS OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER, ARIZONA, APPROVING A MODIFIED FEE SCHEDULE PERTAINING TO THE AUTHORITY’S MULTIFAMILY HOUSING REVENUE NOTES (HAVEN ON HAMILTON APARTMENTS PROJECT), SERIES 2026 PERTAINING TO A MULTIFAMILY RESIDENTIAL RENTAL PROJECT GENERALLY LOCATED AT 73 SOUTH HAMILTON STREET IN CHANDLER, ARIZONA; AUTHORIZING THE EXECUTION AND DELIVERY OF A MODIFIED FEE AGREEMENT; AND AUTHORIZING OTHER ACTIONS IN FURTHERANCE OF THIS RESOLUTION. WHEREAS, the Board of Directors (the “Board”) of The Industrial Development Authority of the City of Chandler, Arizona (the “Authority”), a nonprofit corporation designated as a political subdivision of the State of Arizona, has previously approved the Authority’s Procedural Pamphlet, effective as of September 9, 2008 (the “Authority Procedural Pamphlet”); and WHEREAS, the Authority Procedural Pamphlet includes standard fees, charges, and expenses collected by the Authority from borrowers in connection with the issuance of the Authority’s bonds; and WHEREAS, the Authority has previously taken certain actions to authorize the issuance and sale of the Authority's Multifamily Housing Revenue Notes (Haven on Hamilton Apartments Project), Series 2026 (the “Notes”), in one or more tax-exempt and/or taxable series, and the Authority will loan the proceeds of the Notes to The Haven on Hamilton, LLC (the “Borrower”) to finance the costs of constructing, improving, and equipping a 250 unit multifamily residential rental project generally located at 73 S. Hamilton Street, Chandler, AZ 85225 (anticipated to be 77 S. Hamilton Street, Chandler, AZ 85225 upon the completion of construction) (the “Project”); and WHEREAS, Brinshore Development, L.L.C. (“Brinshore”), acting on behalf of the then to-be- organized Borrower, submitted an application for the Authority to issue the Notes on November 12, 2024, and at the time of submitting such application, Brinshore requested a discount to the standard fees, charges, and expenses stated in the Authority Procedural Pamphlet, to be negotiated at a time closer to the issuance and sale of the Notes; and WHEREAS, the Board hereby finds and determines that the Project is in the public interest and in the interests of the City of Chandler, Arizona; and WHEREAS, the Board now desires to offer a modified fee schedule to the Borrower and Brinshore, and the Borrower and Brinshore have accepted such modified fee schedule; NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of The Industrial Development Authority of the City of Chandler, Arizona, as follows: Section 1. The Authority hereby approves a modified fee schedule that is discounted from the Authority’s standard fees, charges, and expenses as described in the Authority Procedural Pamphlet. Resolution No. 2026-02 Page 2 Section 2. The Authority hereby authorizes the execution and delivery of a Modified Fee Agreement (the “Fee Agreement”), in substantially the form attached hereto as Exhibit A. Any member of the Board (the “Authorized Officers”) is each hereby authorized to execute and deliver the Fee Agreement, with such modifications as are approved by the Authorized Officers executing the Fee Agreement (which approval will be conclusively established by their execution and/or delivery thereof). Section 3. All actions of the officers and agents of the Authority including the Board which conform to the purposes and intent of this Resolution and which further the consummation of the modified fee schedule and the Fee Agreement as contemplated by this Resolution, whether heretofore or hereafter taken, are hereby ratified, confirmed and approved. The proper officers and agents of the Authority are hereby authorized and directed to do all such acts and things and to execute and deliver all such documents on behalf of the Authority as may be necessary to carry out the terms and intent of this Resolution. PASSED AND ADOPTED by the Board of Directors of The Industrial Development Authority of the City of Chandler, Arizona, this 9th day of June, 2026. PRESIDENT APPROVED AS TO FORM: Greenberg Traurig, LLP, Counsel to the Authority Resolution No. 2026-02 Exhibit A Page 1 EXHIBIT A MODIFIED FEE AGREEMENT THIS MODIFIED FEE AGREEMENT (this “Agreement”) is entered into as of ____, 2026, by and among The Industrial Development Authority of the City of Chandler, Arizona, a nonprofit corporation designated as a political subdivision of the State of Arizona (the “Authority”), Brinshore Development, L.L.C., an Illinois limited liability company (the “Developer”), and The Haven on Hamilton, LLC, an Arizona limited liability company (the “Borrower”). W I T N E S S E T H: WHEREAS, the Authority, through its Board of Directors (the “Authority Board”), previously approved the Authority’s Procedural Pamphlet, effective as of September 9, 2008 (the “Authority Procedural Pamphlet”), which describes the Authority standard fees, charges, and expenses (the “Authority Standard Fees”) to be paid by borrowers in connection with the Authority’s issuance of bonds; and WHEREAS, the Developer, acting on behalf of the to-be-formed Borrower, at the time of submitting its application to the Authority dated November 12, 2024 (the “Application”), requested a discount to the Authority Standard Fees, to be negotiated at a time closer to the issuance of the Authority’s bonds, notes or obligations requested in such application; and WHEREAS, the Authority has approved the issuance and sale of its Multifamily Housing Revenue Notes (Haven on Hamilton Apartments Project), Series 2026 (the “Notes”), and will loan the proceeds of the Notes to the Borrower to finance the construction, improvement, and equipping of a 250 unit affordable multifamily residential project (the “Project”); and WHEREAS, the Board, in its Resolution No. 2026-02, adopted June 9, 2026, determined that the Project is in the public interest and the interest of the City of Chandler, Arizona, and therefore to offer a modification and reduction of the Authority Standard Fees. NOW, THEREFORE, in consideration of the premises, the respective representations and agreements contained herein, and for other good and valuable consideration, the receipt whereof is hereby acknowledged, the Authority, the Developer and the Borrower agree as follows: Section 1. Modification of Authority Standard Fees. This Agreement modifies the Authority Procedural Pamphlet with regard to the Authority Standard Fees pertaining to the Notes. Unless otherwise indicated, this Agreement evidences all of the Borrower's obligations for the payment of fees, charges, and expenses related, but not limited to, the Application, the issuance of the Notes, and all related matters. Notwithstanding the foregoing, in no way does this Agreement modify any obligations of the Developer or the Borrower to indemnify the Authority as described in the documents, instruments, and certificates executed and delivered in connection with the Notes. Resolution No. 2026-02 Exhibit A Page 2 2 Section 2. Modified Fee Schedule. The fees, charges, and expenses collected by the Authority and paid by the Borrower, or from time to time, the Developer, in connection with the Notes are as follows: Application Fee: $ 3,000.00 Extension Fee: 500.00 Closing Fee: 59,375.00 Annual Fee: 9,875.00 Section 3. Payment Terms. The Application Fee and Extension Fee described above were previously paid by the Developer and such amounts will be retained by the Authority. The Closing Fee described above will be due and payable at the time of the execution and delivery of the Notes. With respect to the modified Annual Fee described above, such amount is due and owing to the Authority so long as any amount of the Notes is outstanding. Such Annual Fee shall not be further reduced or modified based on (i) any partial draw of the maximum principal amount of the Notes, or (ii) the partial prepayment of the principal due and owing on the Notes. The Borrower shall promptly pay the amounts invoiced by the Authority from time to time, and to the extent such amounts are unpaid by the Borrower, the Authority may invoice such unpaid amounts to the Developer. Section 4. Further Documentation. Additional terms, conditions, and requirements with respect to the Borrower’s, or, from time to time the Developer’s, payments to the Authority shall be included in the documents, instruments, and certificates executed and delivered in connection with the issuance and sale of the Notes, but the modified fee schedule described above shall not be changed and shall be incorporated into such documents, instruments, and certificates. Section 5. Counterparts; Electronic Signatures. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by electronic transmission, including by electronic mail in portable document format (PDF) or by means of an electronic signature service such as DocuSign (or any similar electronic signature platform), shall be as effective as delivery of a manually executed counterpart of this Agreement, and any electronic signature affixed hereto shall have the same legal effect, validity, and enforceability as a manually executed signature. [Signature Page to Follow.] Resolution No. 2026-02 Exhibit A Page 3 [Signature Page to Modified Fee Agreement] IN WITNESS WHEREOF, the parties hereto, the Authority, the Borrower and the Developer, have executed this Agreement as of the day and year first written above. THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER, ARIZONA, as Authority By: Its: BRINSHORE DEVELOPMENT, L.L.C., as Developer By: Its: THE HAVEN ON HAMILTON, LLC, as Borrower By: Its: