Funding loan notification of Multi-Family Housing Revenue Notes (Grace Manor Apartments Project), Series 2023
Mayor Brandon Johnson's office issued $22,000,000 bonds, dated October 31, 2023, for the Grace Manor Apartments Project. Sold for $20,599,675.04 to Zions Bancorporation (trustee) and Grace Manor, LP (borrower), the bonds mature on November 1, 2026. Stifel Nicholas & Company, Incorporated is the underwriter. The Notification of Sale, detailing agreements including a Land Use Restriction and an Arbitrage and Tax Compliance Agreement, was submitted by CFO Jill Jaworski to City Clerk Andrea M. Valencia.