File #: 25-1780    Version: 1 Name:
Type: Corporation Meeting Status: Filed with the City Secretary
File created: 11/6/2025 In control: City Council
On agenda: 12/9/2025 Final action: 12/9/2025
Title: Special Board Meeting of the Corpus Christi Housing Finance Corporation (CCHFC) to amend the list of authorized representatives for Texas Local Government Investment Pool transactions and authorizing execution of related documents by the President; consider a Resolution authorizing participation as a Managing Member in Costa Tarragona Apts LLC, an entity formed by HKSK Corp. in connection with its acquisition of the Costa Tarragona I and Costa Tarragona II Apartments, and approving an Amended and Restated Ground Lease covering both apartment projects combined; and consider a Resolution Authorizing the early payment and redemption of the 2005 Corpus Christi Housing Finance Corporation Multifamily Revenue Bonds (Costa Tarragona I Project) and matters pertaining thereto.
Sponsors: Planning and Economic Development Department
Attachments: 1. Agenda - CCHFC Special Meeting, 2. Minutes - CCHFC July 29 2025, 3. Agenda Memo-Resolution TexPool CCHFC, 4. Resolution - Amending Authorized Representatives, 5. Agenda Memo - Resolutions Concerning the Sale of Costa Tarragona I and Costa Tarragona II, 6. Resolution - Authorizing Participation, 7. Resolution - Authorizing Prepayment

Title

Special Board Meeting of the Corpus Christi Housing Finance Corporation (CCHFC) to amend the list of authorized representatives for Texas Local Government Investment Pool transactions and authorizing execution of related documents by the President; consider a Resolution authorizing participation as a Managing Member in Costa Tarragona Apts LLC, an entity formed by HKSK Corp. in connection with its acquisition of the Costa Tarragona I and Costa Tarragona II Apartments, and approving an Amended and Restated Ground Lease covering both apartment projects combined; and consider a Resolution Authorizing the early payment and redemption of the 2005 Corpus Christi Housing Finance Corporation Multifamily Revenue Bonds (Costa Tarragona I Project) and matters pertaining thereto.