Chandler Industrial Development Authority AgendaPacket Regular Meeting 2026-06-09
IDA Approves Discounted Fee Schedule for Brinshore
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Description
The Industrial Development Authority approved Resolution 2026-02 and a Modified Fee Agreement granting Brinshore Development, L.L.C. discounted fees for the Haven on Hamilton Apartments multifamily housing revenue notes. The agreement sets specific application, extension, closing, and ongoing annual fees tied to the life of the notes.
Contract Details
Contract Amount
Application Fee $3,000; Extension Fee $500; Closing Fee $59,375; Annual Fee $9,875
Vendor
BRINSHORE DEVELOPMENT LLC
Agency
Chandler Housing & Redevelopment Division, AZ
Contract Type
FINANCIAL_SERVICES
Document Date
June 6, 2026
Contract Term
Annual fee due so long as any amount of the Notes is outstanding
Renewal Info
Annual fee of $9,875 is payable to the Authority for as long as any amount of the Series 2026 Notes remains outstanding and is not reduced for partial draws or prepayments.
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