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Home My WebLink About20162436.tiffRESOLUTION RE: AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the County of Weld is authorized and empowered under the laws of the State of Colorado (the "State") to issue revenue bonds for the purpose of financing qualified residential rental projects for low- and moderate -income persons and families, and WHEREAS, the County of Weld is authorized and empowered under the laws of the State to issue revenue bonds for the purpose of providing single-family mortgage loans to low- and moderate -income persons and families, and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code"), restricts the amount of tax-exempt bonds ("Private Activity Bonds") which may be issued in the State to provide such mortgage loans and for certain other purposes, and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act"), providing for the allocation of the State Ceiling among the Colorado Housing and Finance Authority (the "Authority") and other governmental units in the State, and further providing for the assignment of such allocations from such other governmental units to the Authority, and WHEREAS, pursuant to an allocation under Section 24-32-1706 of the Allocation Act, the County of Weld has an allocation of the 2016 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15, 2016 (the "2016 Allocation"), and WHEREAS, the Board of Weld County Commissioners has determined that, in order to increase the availability of adequate affordable housing for low- and moderate -income persons and families within the County of Weld and elsewhere in the State, it is necessary or desirable to provide for the utilization of all or a portion of the 2016 Allocation, and WHEREAS, the Board of Weld County Commissioners has determined that the 2016 Allocation, or a portion thereof, can be utilized most efficiently by assigning it to the Authority to issue Private Activity Bonds for the purpose of financing one or more multi -family rental housing projects for low- and moderate -income persons and families or to issue Private Activity Bonds for the purpose of providing single-family mortgage loans to low- and moderate -income persons and families ("Revenue Bonds") or for the issuance of mortgage credit certificates, and cc f==(OW) PwCE.R) MtAi SS a. In cCto gIg,9/ICO 2016-2436 FI0063 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 2 WHEREAS, the Board of Weld County Commissioners of County of Weld has determined to assign $7,456,700 of its 2016 Allocation to the Authority, which assignment is to be evidenced by an Assignment of Allocation between the County of Weld and the Authority (the "Assignment of Allocation"). NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that as follows: 1. The assignment to the Authority of $7,456,700 of the County of Weld's 2016 Allocation be and hereby is approved. 2. The form and substance of the Assignment of Allocation be, and hereby are, approved; provided, however, that the Chair of the Board of Weld County Commissioners be and hereby is authorized to make such technical variations, additions or deletions in or to such Assignment of Allocation as she shall deem necessary or appropriate and not inconsistent with the approval thereof by this resolution. 3. The Chair of the Board of Weld County Commissioners of the County of Weld be and hereby is authorized to execute and deliver the Assignment of Allocation on behalf of the County of Weld and to take such other steps or actions as may be necessary, useful or convenient to effect the aforesaid assignment in accordance with the intent of this resolution. 4. If any section, paragraph, clause, or provision of this resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause, or provision shall not affect any of the remaining provisions of this resolution 5. This resolution shall be in full force and effect upon its passage and approval. 2016-2436 F10063 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 3 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 27th day of July, A.D., 2016. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: ntC� aititsvCd ed ;oka Weld County Clerk to the Board BY: y Clerk to the Board APPROVED AS torney Date of signature: 1I@SI Mike Freeman, Chair ,V Sgan.P. Conway, Pro-Te Ale/ Julie A. Cozad acs (lam- teve Moreno 2016-2436 FI0063 44* chfa people itto amt work 1981 8419e Street Denver, CO 80202 303.297. chfa (2432) 800.877 chfa (2432) oll tree 303.297.7305 (44 348 Main Street Grind Junction, CO 81501 970 211.2341 800.877 8450 toll NOTIFICATION OF ASSIGNMENTS OF PRIVATE ACTIVITY BOND CEILING August 3, ?016 VIA E-MAIL Ms. Ann Watts Colorado Department of Local Affairs Division of Housing 1313 Sherman Street, Room 320 Denver. Colorado 80203 Dear Ms. Watts: RECEIVED AUG 0 9 2016 WELD COUNTY commisS1 NERS Pursuant to Section 24-32-1706(2) of the -Colorado Private Activity Bond Ceiling Allocation Act, the Colorado Housing and Finance Authority ("Authority") and the County of Weld ("Count)") hereby notify you of the County's assignment to the Authority of $7,456,700 of its 2016 allocation of the State's private activity bond ceiling. Enclosed for your records is a copy of the executed Assignment of Allocation (the "Assignment"). The Assignment includes the County's representation that it received no monetary consideration for the assignment and its consent to the Authority's allocation of all or any portion of the assigned amount to a project with a carryforward purpose. Sincerely. Melissa Nuccio Paralegal cc: Don Warden, Weld County (Via Mail) Stanley M. Raine, Esq., Sherman ce. Howard. L.L.C. (Via E-mail) Charles K. Knight. CHFA (Via E-mail) Enclosures aoi4,- av3 CERTIFICATE OF WELD COUNTY, COLORADO CONCERNING ASSIGNMENT OF PRIVATE ACTIVITY BOND VOLUME CAP ALLOCATION I, the undersigned, hereby certify that I am a duly chosen, qualified and County Attorney of Weld County, Colorado (the "County"), and that: 1. The County is a legally and regularly created, established, organized, and existing county under the Constitution and laws of the State of Colorado, its full corporate name being "Weld County, Colorado." 2. The County has been previously notified that, pursuant to Section 24-32-1706 of the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act"), it has an allocation of the State ceiling (as defined in the Allocation Act) for 2016 in the amount of $7,456,700 (the "2016 Allocation"). 3. Attached hereto as Exhibit A is a true and correct copy of a resolution and the related minutes thereto (the "Resolution") authorizing the assignment to the Colorado Housing and Finance Authority (the "Authority") of all or a portion of the 2016 Allocation in an amount equal to $7,456,700 (the "Assigned Allocation"), and authorizing the execution and delivery of an Assignment of Allocation dated as of July 27, 2016 (the "Assignment of Allocation") between the County and the Authority in connection therewith, which Resolution was duly adopted by the Board of County Commissioners of the County (the "Board") at a meeting thereof held on July 27, 2016, at which meeting a quorum was present and acting throughout and which Resolution has not been revoked, rescinded, repealed, amended or modified and is in full force and effect on the date hereof 4. The meeting of the Board at which action has been taken with respect to the Assignment of Allocation was a regular meeting properly called and open to the public at all times. 5. With respect to the Assigned Allocation, the County has not heretofore: (a) issued private activity bonds; (b) assigned the Assigned Allocation to another "issuing authority," as defined in the Allocation Act; (c) made a mortgage credit certificate election; or (d) treated the Assigned Allocation as an allocation for a project with a carryforward purpose, as defined in the Allocation Act. 6. The Assignment of Allocation, attached hereto as Exhibit B, is in the form presented to and approved by the Board at the meeting thereof held on July 27, 2016. 7. On or before the date hereof, counterparts of the Assignment of Allocation were officially executed by the Chair of the Board of County Commissioners and the County Clerk of the County. On the date of such signing, such persons were the duly sworn, qualified and acting officers of the County authorized to execute the Assignment of Allocation and holding the offices of the Chair of the Board of County Commissioners and County Clerk, respectively. 2016-2436 C:\Users\egesick\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\7QSDTUPR\2016 County Attorney Certificate - Weld County.doc 8. The County has authorized the execution, delivery and due performance of the Assignment of Allocation, and the execution and delivery of the Assignment of Allocation and the compliance by the County with the provisions thereof, will not, to the best of my knowledge, conflict with or constitute on the part of the County a breach of or a default under any existing Colorado law, County resolution, court or administrative regulation, decree or order or any agreement or other instrument to which the County is subject or by which it is bound. 9. To the best of my knowledge, there does not exist any action, suit, proceeding or investigation pending, or threatened against the County, contesting (a) the corporate existence of the County, (b) the title of its present officers or any of them to their respective offices, including, without limitation, the members of the Board, (c) the validity of the Assignment of Allocation or (d) the power of the County to execute, deliver or perform the Assignment of Allocation. 10. No referendum petition has been tiled concerning the Resolution; and to the best of my knowledge none is being circulated or planned for circulation. WITNESS my hand and the seal of the County this 27th . ay of July, 2016. Bru ey( arker, County Attorney 2 .. ,.nak AplI)ln .ACi110v,, T....it' Illsns \ cid L JIIII[y LIJC ilu{criumtOutl cL`t»UI-CIR2il!h Cou L, EXHIBIT A RESOLUTION A-1 RESOLUTION RE: AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT WHEREAS, the Board of County Commissioners of Weld County Colorado. pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the County of Weld is authorized and empowered under the laws of the State of Colorado (the "State") to issue revenue bonds for the purpose of financing qualified residential rental projects for low- and moderate -income persons and families and WHEREAS, the County of Weld is authorized and empowered under the laws of the State to issue revenue bonds for the purpose of providing single-family mortgage loans to low- and moderate -income persons and families. and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code"), restricts the amount of tax-exempt bonds ("Private Activity Bonds") which may be issued in the State to provide such mortgage loans and for certain other purposes, and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act. Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act") providing for the allocation of the State Ceiling among the Colorado Housing and Finance Authority (the "Authority") and other governmental units in the State, and further providing for the assignment of such allocations from such other governmental units to the Authority, and WHEREAS, pursuant to an allocation under Section 24-32-1706 of the Allocation Act,. the County of Weld has an allocation of the 2016 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15 2016 (the "2016 Allocation") and WHEREAS, the Board of Weld County Commissioners has determined that, in order to increase the availability of adequate affordable housing for low- and moderate -income persons and families within the County of Weld and elsewhere in the State. it is necessary or desirable to provide for the utilization of all or a portion of the 2016 Allocation, and WHEREAS, the Board of Weld County Commissioners has determined that the 2016 Allocation or a portion thereof. can be utilized most efficiently by assigning it to the Authority to issue Private Activity Bonds for the purpose of financing one or more multi -family rental housing projects for low- and moderate -income persons and families or to issue Private Activity Bonds for the purpose of providing single-family mortgage loans to low- and moderate -income persons and families ("Revenue Bonds") or for the issuance of mortgage credit certificates, and 2016-243>3 FI0063 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 2 WHEREAS, the Board of Weld County Commissioners of County of Weld has determined to assign $7.456.700 of its 2016 Allocation to the Authority. which assignment is to be evidenced by an Assignment of Allocation between the County of Weld and the Authority (the "Assignment of Allocation"). NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County. Colorado that as follows 1 The assignment to the Authority of $7.456 700 of the County of Weld's 2016 Allocation be and hereby is approved. The form and substance of the Assignment of Allocation be, and hereby are, approved. provided. however, that the Chair of the Board of Weld County Commissioners be and hereby is authorized to make such technical variations, additions or deletions in or to such Assignment of Allocation as she shall deem necessary or appropriate and not inconsistent with the approval thereof by this resolution. The Chair of the Board of Weld County Commissioners of the County of Weld be and hereby is authorized to execute and deliver the Assignment of Allocation on behalf of the County of Weld and to take such other steps or actions as may be necessary, useful or convenient to effect the aforesaid assignment in accordance with the intent of this resolution. If any section paragraph. clause, or provision of this resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section paragraph clause. or provision shall not affect any of the remaining provisions of this resolution This resolution shall be in full force and effect upon its passage and approval 9313-2436 7!006,2 AUTHORIZING ASSIGNMENT TO COLORADO HOUSING AND FINANCE AUTHORITY OF A PRIVATE ACTIVITY BOND ALLOCATION OF COUNTY OF WELD PURSUANT TO COLORADO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT PAGE 3 The above and foregoing Resolution was on motion duiy made and secondedadopted by the foilowHng vote on the 27th day of July. A.D 2016 BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST Weld County Clerk to the Board BY ��y Clerk to the Board APP:. ' D AS a Mike Freeman. Chair Sean_P Conway. Pro-Te /1 1.2/ Julie A. Cozad tiara Kirkmeyer l ttorney Date of signature. -71@a1D3 Steve Moreno 2018-2136 FIJ'7-p3 EXHIBIT B ASSIGNMENT OF ALLOCATION B-1 ChfCi. assignment of allocation - county Multifamily Housing Facility Bonds/Single Family Mortgage Revenue Bonds This Assignment of Allocation (the "Assignment"), dated this 27th day of July 2016, is between the County of WELD Colorado (the "Assignor" or the "Jurisdiction") and the Colorado Housing and Finance Authority (the "Assignee"). WITNESSETH: WHEREAS, the Assignor and the Assignee are authorized and empowered under the laws of the State of Colorado`(the "State") to issue revenue bonds for the purpose of financing qualified residential rental projects for low- and moderate -income persons and families; and WHEREAS, the Assignor and the Assignee are authorized and empowered under the laws of the State of Colorado (the "State") to issue revenue bonds for the purpose of providing single- family mortgage loans to low- and moderate -income persons and families; and WHEREAS, the Internal Revenue Code of 1986, as amended (the "Code"), restricts the amount of tax-exempt bonds ("Private Activity Bonds") which may be issued in the State to finance such projects and for certain other purposes (the "State Ceiling"); and WHEREAS, pursuant to the Code, the Colorado legislature adopted the Colorado Private Activity Bond Ceiling Allocation Act, Part 17 of Article 32 of Title 24, Colorado Revised Statutes (the "Allocation Act"), providing for the allocation of the State Ceiling among the Assignee and other governmental units in the State, and further providing for the assignment of allocations from such other governmental units to the Assignee; and WHEREAS, pursuant to an allocation under Section 24-32-1706 of the Allocation Act, the Assignor has an allocation of the 2016 State Ceiling for the issuance of a specified principal amount of Private Activity Bonds prior to September 15, 2016, (the "2016 Allocation"); and WHEREAS, the Assignor has determined that, in order to increase the availability of adequate affordable rental housing for low- and moderate -income persons and families within the Jurisdiction, Colorado and elsewhere in the State, it is necessary or desirable to provide for the utilization of all or a portion of the 2016 Allocation; and WHEREAS, the Assignor has determined that the 2016 Allocation, or a portion thereof, can be utilized most efficiently by assigning it to the Assignee to issue Private Activity Bonds for the purpose of financing one or more multifamily rental housing projects for low- and moderate - income persons and families or to issue Private Activity Bonds for the purpose of providing single-family mortgage loans to low- and moderate -income persons and families ("Revenue Bonds"), and the Assignee has expressed its willingness to attempt to issue Revenue Bonds with respect to the 2016 Allocation assigned herein; and WHEREAS, the Board of County Commissioners of the Assignor has determined to assign to the Assignee all or a portion of its 2016 Allocation, and the Assignee has agreed to accept such assignment, which is to be evidenced by this Assignment. NOW, THEREFORE, in consideration of the premises and the mutual promises hereinafter set forth, the parties hereto agree as follows: 1. The Assignor hereby assigns to the Assignee $ 7,456,700 of its 2016 Allocation [the "Assigned Allocation"], subject to the terms and conditions contained herein. The Assignor represents that it has received no monetary consideration for said assignment. 2. The Assignee hereby accepts the assignment to it by the Assignor of the Assigned Allocation, subject to the terms and conditions contained herein. The Assignee agrees to use its best efforts to issue and sell Revenue Bonds in an aggregate principal amount equal to or greater than the Assigned Allocation, in one or more series, and to make proceeds of such Revenue Bonds available from time to time for a period of two (2) years from the date of this Assignment to finance multifamily rental housing projects located in the Jurisdiction, or to issue Revenue Bonds for the purpose of providing single-family mortgage loans to low- and moderate income persons and families in the Jurisdiction. 3. The Assignor hereby consents to the election by the Assignee, if the Assignee in its discretion so decides, to treat all or any portion of the Assigned Allocation as an allocation for a project with a carryforward purpose or to make a mortgage credit certificate election, in lieu of issuing Revenue Bonds. 4. The Assignor and Assignee each agree that it will take such further action and adopt such further proceedings as may be required to implement the terms of this Assignment. 5. Nothing contained in this Assignment shall obligate the Assignee to finance any particular multi -family rental housing project located in the Jurisdiction or elsewhere or to finance single- family mortgage loans in any particular amount or at any particular interest rate or to use any particular percentage of the proceeds of its Revenue Bonds to provide mortgage loans or mortgage credit certificates to finance single-family housing facilities in the Jurisdiction, provided that any Revenue Bond proceeds attributable to the Assigned Allocation shall be subject to paragraph 2 above. 6. This Assignment is effective upon execution and is irrevocable. 2 IN WITNESS WHEREOF, the parties hereto have duly executed this Assignment on the date first Clerk to the Board By: Name: Cheryl ( ioffman Title: Deputy Clerk to the Board [S E A L ATTEST: By: sistant Secretary Weld County of By: .161:4<d1.1.2, ---- Name: Mike Freeman Title: Chair rJUL 2 7 2t:: - COLORADO HOUSING AND FINANCE AUTHORITY By:14V /% ,,A�//m) Name: ,'41'iflar C ? • c_ ,� rte Title: CC3. U Daniel G. Morgan and Assoc. Adam Morgan 811 E. 17th Ave Denver, CO 80218 303-919-4716 6/24/2016 Weld County Donald D. Warden Director of Finance and Administration PO Box 758 1150 O Street Greeley, CO 80632 Request to Transfer Bond Allocation to CHFA Dear Mr. Warden, Please accept this letter as a request to transfer the Weld County bond capacity of $7,456,700 to the Colorado Housing and Finance Authority (CHFA). These bonds will be used to develop the Peakview Trails apartment project, a 96 unit affordable senior rental housing development on the West side of Greeley near 60th Avenue and 13th Street. The project is being developed by Four Corners Development and was recently award State and Federal tax credits as well as Disaster Recovery funds. Thank you for your consideration and feel free to contact me with any questions. Sincerely, Adam Morgan Development Consultant Daniel G. Morgan and Associates Esther Gesick From: Esther Gesick Sent: Monday, July 25, 2016 8:18 PM To: Don Warden; Bruce Barker; Barb Connolly Subject: FW: Weld County PAB Assignment Attachments: Peakview Memo Requesting Bond Allocation transfer from Weld County to CHFA.pdf; Assignment of Private Activity Bond.docx; 2016 County Attorney Certificate - Weld County.doc; 2016 Assignment of Allocation - Weld County.pdf Hi Don, Formatted docs are attached. Please double-check that I didn't miss anything and then I'll add this item to Wednesday's 7/27 Agenda. Esther E. Gesick Clerk to the Board 1150 O Street/P.O. Box 758/Greeley, CO 80632 tel: (970) 400-4226 Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Don Warden Sent: Monday, July 25, 2016 4:47 PM To: Bruce Barker <bbarker@co.weld.co.us>; Esther Gesick <egesick@co.weld.co.us> Cc: Barb Connolly <bconnolly@co.weld.co.us> Subject: FW: Weld County PAB Assignment Bruce and Esther, We are going to assign our 2016 private activity bond allocation to the Colorado Housing Finance Authority (CHFA) like we did last year. Attached are the same type of documents we used last year that CHFA send me. Can between the two you put it into our format and put it them on the agenda for approval and then send them to CHFA per the emails below. I have already talked to the BOCC and they are agreeable to do it. Bruce if you do not mind can you handle it at the BOCC meeting when it is on the agenda. The attached letter from Peakview requesting the allocation transfer explains what the allocation will be used for by CHFA for a project in Greeley. Esther send me the documents once you have them formatted and I will review them. Thanks, for handling this. Donald D. Warden Director of Finance and Administration Finance and Administration PO Box 758 1 1150 O Street Greeley, CO 80632 tel: 970-356-4000 Extension 4218 email: dwardenPco.weld.co.us Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Don Warden Sent: Wednesday, July 20, 2016 8:12 AM To: Don Warden <dwarden@co.weld.co.us> Subject: FW: Weld County PAB Assignment Donald D. Warden Director of Finance and Administration Finance and Administration PO Box 758 1150 O Street Greeley, CO 80632 tel: 970-356-4000 Extension 4218 email: dwarden@co.weld.co.us Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Adam Morgan [mailto:adam@adamgmorgan.com] Sent: Tuesday, July 19, 2016 5:21 PM To: Don Warden <dwarden@co.weld.co.us>; Melissa Nuccio <mnuccio@chfainfo.com>; cknight@chfainfo.com; Meghen Brown <mbrown@chfainfo.com> Subject: Fwd: Weld County PAB Assignment Hi Don, Thank you for your help with the assignment of the bond cap to CHFA. Please see the email below and the attached forms for assigning the bond cap. 2 Copied on this email is Melissa Nuccio at CHFA. She will the one to send these documents to and can answer questions related to the assignment. Thank you! Adam Morgan Daniel G. Morgan and Associates 811 E. 17th Ave Denver, CO 80218 adam@adamgmorgan.com 303.919.4716 Forwarded message From: Melissa Nuccio <mnuccio@chfainfo.com> Date: Tue, Jul 19, 2016 at 4:00 PM Subject: RE: Weld County PAB Assignment To: "adam@adamgmorgan.com" <adam@adamgmorgan.com> Cc: Meghen Brown <mbrown a chfainfo.com>, Charles Knight <cknight(c chfainfo.com> Adam, Attached are the form documents for the assignment of Weld County's PAB to CHFA. I made the assumption that Weld County intends to assign all of their allocated PAB for 2016 in the amount of $7,456,700. If that is not correct, could you let me know? Also, please advise Weld County that they will need to return the final executed assignment documents to my attention here at CHFA prior to September 14, 2016. If you would prefer I send these documents directly to someone at Weld County, please let me know. Thank you, and don't hesitate to reach out with any questions. Melissa Nuccio Paralegal Colorado Housing and Finance Authority 1981 Blake Street 303.297.7805 direct 303.291.5712 fax 303.297.2432 main Denver, CO 80202 800.877.2432 toll www.chfainfo.comfree financing the places where people live and work 3 From: Meghen Brown Sent: Tuesday, July 19, 2016 10:50 AM To: Melissa Nuccio Cc: adam@adamgmorgan.com Subject: PAB Assignment form Melissa, Thank you for your message. You are correct- Weld County would like to assign PAB cap (not relinquish). Can you please send to Adam Morgan, whom I have cc'd for your reference. He is the consultant working with our applicant and has been in contact w/ Weld County. Regards, Meghen Please note that Internet email is not entirely private. While this message (including any attachments) is intended only for the use of the addressees, it can possibly be intercepted, redirected, altered, or viewed by unauthorized parties. For security purposes, please do not include any personal information such as Social Security numbers, account numbers, or account balances in any email correspondence. Furthermore, this email and any attachments are confidential, except where the email states it can be disclosed; it may also be privileged. If received in error, please do not disclose the contents to anyone, do not forward it, delete it (and any attachments) from your system, destroy any copies and notify the sender immediately. Please consider the environment before printing this email. 4 Hello