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Issue <br /> <br />Amount <br /> <br />City of Pleasanton, California <br />Multi-Family Mortgage Revenue Bonds <br />(First Nationwide Savings Program) <br />1984 Issue A <br /> <br />$8,640,000 <br /> <br />The Project <br /> <br /> The Project will consist of land and improvements <br />located in Pleasanton, California, comprising 144 units of <br />multi-family housing, 20% of which, but in no event less than <br />units upon completion, will be held for persons of low and <br />moderate income as defined under the Act. <br /> <br />32 <br /> <br />Residential Rental Property <br /> <br /> The Owner will be required to agree in the Regulatory <br />Agreement that the Project is to be owned, managed and operated <br />as a project for "residential rental property" in accordance with <br />the provisions of the Regulatory Agreement for a term equal to <br />the longer of the term of the Bonds or the Qualified Project <br />Period. To that end, the Owner will be required to represent, <br />warrant, covenant and agree as follows: <br /> <br /> (a) The Project will be acquired and constructed for <br />the purpose of providing multi-family residential rental <br />property, and the Owner will own, manage and operate the Project <br />as a project to provide multi-family residential rental property <br />comprised of a building or structure or several proximate <br />buildings or structures, together with any functionally related <br />and subordinate facilities. <br /> <br /> <br />