City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
170468
Name:
Ordinance Authorizing Certificates of Participation -
1500 Mission Project - Not to Exceed $321,765,000
Status:
Type:
Ordinance
Passed
File created:
In control:
4/25/2017
Clerk of the Board
On agenda:
Final action:
6/15/2017
Enactment date:
6/15/2017
119-17
Enactment #:
Title:
Ordinance authorizing the execution and delivery of Certificates of Participation on a tax-exempt or
taxable basis evidencing and representing an aggregate principal amount of not to exceed
$321,765,000 to fund a portion of the development costs, including construction and improvement,
and related FF&E (furniture, fixture, or other equipment), technology, and moving costs for the 1500
Mission Street office building; authorizing the issuance of commercial paper notes in advance of the
delivery of the Certificates; approving the form of Trust Agreement between the City and County of
San Francisco and the Trustee (including certain indemnities contained therein); authorizing the
selection of the Trustee by the Director of Public Finance; approving respective forms of a Property
Lease and a Lease Agreement, each between the City and the Trustee for the lease and lease back
of certain property and facilities of the City; approving the forms of Purchase Contract, Official Notice
of Sale, and Notice of Intention to Sell Certificates; directing the publication of the Notice of Intention
to Sell Certificates; approving the form of the Preliminary Official Statement and the form and
execution of the Official Statement relating to the sale of the Certificates; approving the form of the
Continuing Disclosure Certificate; granting general authority to City officials to take necessary actions
in connection with the authorization, execution, sale and delivery of the Certificates; approving
modifications to documents and agreements; declaring the City’s intent to reimburse certain
expenditures; and ratifying previous actions taken in connection therewith, as defined herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. Controller Memo 042417, 4. Trust Agmt, 5. Lease Agmt, 6. Property
Lease, 7. Official Notice of Sale/Bid Form, 8. Certificates of Participation, 9. Notice of Intention to Sell,
10. Preliminary Official Statement, 11. Appendix A, 12. Bdgt Analyst Rpt 051817, 13. Comm Pkt
051817, 14. Bd Pkt 052317, 15. Board Pkt 060617, 16. Leg Final
Action By
Date
Action
Result
Ver.
ASSIGNED
President
4/25/2017
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Sub-
Committee
5/18/2017
1
Pass
PASSED, ON FIRST READING
Board of Supervisors
5/23/2017
1
Pass
FINALLY PASSED
Board of Supervisors
6/6/2017
1
Pass
APPROVED
Mayor
6/15/2017
1