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04 <br /> CITY OF ST. ANTHONY VILLAGE <br /> H.R.A. RESOLUTION 03 - 019 <br /> A RESOLUTION RELATING TO THE NORTHWEST QUADRANT/ <br /> APACHE PLAZA REDEVELOPMENT, APPROVING A LOAN <br /> FOR PROPERTY ACQUISITION <br /> WHEREAS, funds were sought to assist the developer for the Northwest Quadrant area to <br /> acquire commercial property; and <br /> WHEREAS, to that end, Fannie Mae has approved a$3,350,000 non-revolving line of credit <br /> (the "Loan") to the St. Anthony Village H.R.A.; and <br /> WHEREAS, the terms upon which Fannie Mae is prepared to make available the Loan are set <br /> forth on the Term Sheet attached hereto. <br /> NOW, THEREFORE, BE IT RESOLVED that the Commissioners of the St. Anthony.Village <br /> H.R.A. hereby approve an agreement with Fannie Mae for a loan to be used to assist in acquiring <br /> commercial property in the Northwest Quadrant area. <br /> BE IT FURTHER RESOLVED, that the St. Anthony H.R.A. hereby approves the terms <br /> regarding said loan, as set forth on the Term Sheet attached hereto. <br /> Adopted this day of , 2003. <br /> Chair, St. Anthony H.R.A. <br /> Executive Director, St. Anthony H.R.A. <br />