FINAL APPROVAL TO ISSUE ECONOMIC DEVELOPMENT NOTES AND LEND THE PROCEEDS FOR THE RENOVATION OF AFFORDABLE HOUSING - Re: Walnut Woods, 818 E. Miller Drive, and Reverend Butler Apartments, 1202 W. 11th Street (Bloomington RAD I, LP, Petitioner)
Ordinance 20-02 authorizes the City of Bloomington to issue up to $11,000,000 in aggregate principal amount of its City of Bloomington, Indiana Economic Development Revenue Note, Series 2020A (Walnut Woods/Reverend Butler Project) and its City of Bloomington, Indiana Economic Development Revenue Note, Series 2020B (Walnut Woods/Reverend Butler Project) (collectively, the "Notes") in one or more series and approving and authorizing other actions in respect thereto.