Recognizing that Bridge Apartments project is low income housing, I move that the MRA Board make a recommendation to Missoula City Council urging the acquisition of the Bridge Apartments and approve the use of TIF funds from URD II as follows: (1) to bridge any gap between the City's purchase price ($2,195,000) and a resale of the property as permanently affordable apartments; and (2) if necessary, through the issuance of debt, that is TIF Revenue Bonds as approved by Missoula City Council, reimbursement to the City of the purchase price if a subsequent purchaser cannot be found; and (3) to fund up to $10,000 for project management. Also, that the MRA Board authorize the Board Chair to sign the appropriate agreements.