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Kutak Rock Serves as Bond Counsel for Copper Rose Apartments Project

News | June 16, 2022


Kutak Rock acted as Bond Counsel in connection with the issuance by the City of Colorado Springs, Colorado of its Multifamily Housing Revenue Note (Copper Rose Apartments Project), Series 2022 in the amount of $24,000,000 for the purpose of financing a mortgage loan to Copper Rose Apartments, LLC to finance the acquisition, construction, improvement and equipping of an affordable multifamily housing facility, consisting of approximately 182 units containing complete residential facilities known as “Copper Rose Apartments” and located at 5923 Floribunda View, Colorado Springs, Colorado 80923, within the boundaries of the City of Colorado Springs, Colorado. At least 40% of the units will be restricted to tenants whose income does not exceed 60% of area median income, adjusted for family size.

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