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Division 2 — Financing Projects

§ 28-8. Loan agreements.

Cypress Planning Code · 2026-07 edition · updated 2026-07-25 · Cypress

The city shall enter into a loan agreement with any participant, and related parties, if applicable, with respect to the financing of a project. Such loan agreement may provide that the architectural and engineering design of the project shall be subject to such standards as may be established by the city and that the undertaking and completion of the project shall be subject to such supervision as the city deems necessary. The terms and conditions of such loan agreements may be as mutually agreed upon, but shall be consistent with the provisions of this article and the rules and regulations. Any such loan agreement may provide the means or methods by which any mortgage or other financing instrument taken by the city shall be discharged, and it shall contain a covenant by the participant to complete the project whether or not bond proceeds are sufficient for such purpose, and may contain such other terms and conditions as the city may require. (Ord. No. 729, § 1, 6-11-84)

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▸ Contents — Cypress Planning Code
Cypress Planning Code
  1. Chapter 25
  2. Chapter 28
  3. Division 1 — Generally
  4. ▸ Division 2 — Financing Projects
    Overview
    1. § 28-6. Loans for projects.
    2. § 28-7. Sale or lease of project by city.
    3. § 28-8. Loan agreements.
    4. § 28-9. Fees.
    5. § 28-10. Rents and charges.
    6. § 28-11. Security for loans.
    7. § 28-12. Employment of experts and consultants.
    8. § 28-13. Public works requirements inapplicable.
    9. § 28-14. Additional powers.
    10. § 28-15. Rules and regulations.
    11. § 28-20. Issuance of bonds.
    12. § 28-21. Bonds not debt of city.
    13. § 28-22. Type, form and sale of bonds.
    14. § 28-23. Trust indenture to secure bonds.
    15. § 28-24. Terms of resolution or indenture.
    16. § 28-25. Security for the bonds.
    17. § 28-26. Insurance or guarantee of payment.
    18. § 28-27. No personal liability.
    19. § 28-28. Refunding bonds.
    20. § 28-29. Pledge of revenues, money or property.
    21. § 28-30. Purchase of bonds by city.
    22. § 28-31. Actions by bondholders.
    23. § 28-32. Bond anticipation notes.
    24. § 28-39 Division 4 Applications
  5. Division 4 — Applications
  6. Division 5 — Supplemental Provisions

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