Ordinance 85-60

Ordinance 85-60 An Ordinance Authorizing the Issuance and Sale by the City of Bloomington, Indiana (The "City") of Its $12,600,000 Multifamily Mortgage Revenue Note, Establishing the Terms of Said Note, Authorizing the Loan of the Proceeds of Said Note to Woodbridge Apartments of Bloomington III, A Limited Partnership (The "Developer"), To Finance the Acquisition and Construction of a Multifamily Rental Apartment Project Within the Jurisdictional Limits of the City, Approving the Form and Execution and Delivery of an Escrow Agreement, Regulatory Agreement, Loan Agreement and Other Documents and Instruments Pertaining Thereto, and Authorizing and Approving Other Matters Pertaining Thereto