- 5 - construction of two multifamily housing projects in Riverside County. SBE was a California corporation founded in the early 1970's by Craig K. Etchegoyen, who was its chief executive officer and president. One of these projects was the Whitewater Garden Apartments (Whitewater), a proposed 460-unit multifamily rental project to be located in Cathedral City, California. Its anticipated cost was slightly more than $17 million. The other was the Ironwood Apartments (Ironwood), a proposed 312-unit project located in Moreno Valley, California. Its anticipated cost was slightly more than $12 million. Twenty percent of the apartment units to be constructed in each of these projects were to be set aside to provide housing for low-to-moderate-income families. SBE submitted detailed information concerning the feasibility of the projects to Riverside County officials. Upon receipt of the development information, the Housing Authority and related county agencies conducted an extensive review of the proposals to determine the need, feasibility, cost effectiveness, accessibility, and desirability of these projects. The Housing Authority approved the projects and thereafter engaged the law firm of Camfield & Christopher to act as bond counsel. James W. Newman, Jr., was a partner in the Houston office of the law firm of Stubbeman, McRae, Sealy, Laughlin & Browder (...continued) a partnership in which SBE was the general partner.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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