Kutak Rock acted as bond counsel in connection with the issuance by the City of Colorado Springs, Colorado of its Multifamily Housing Revenue Note (The Village at Solid Rock Project), Series 2022 in the amount equal to $10,800,000.

The Note was issued for the purpose of financing a mortgage loan to 2520 Arlington Apartments LLC in order to finance the acquisition, construction, improvement and equipping of  a 77-unit multifamily housing facility, containing complete residential facilities, located at 2520 Arlington Drive, Colorado Springs, Colorado to be known as “The Village at Solid Rock.” At least 40% of the units in the Project will be occupied or available for occupancy by persons and families earning 60% or less of the area median income.

Fred Marienthal, John Bales and Jack McGill worked on this financing.