City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230101
Name:
Multifamily Housing Revenue Bonds - 4200 Geary -
Not to Exceed $60,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
1/31/2023
Clerk of the Board
On agenda:
Final action:
3/2/2023
Enactment date:
3/2/2023
073-23
Enactment #:
Title:
Resolution authorizing the issuance and delivery of tax-exempt multifamily housing revenue bonds in
an aggregate principal amount not to exceed $60,000,000 for the purpose of providing financing for
the construction of a 98-unit, affordable multifamily residential rental housing project for seniors
located at 4200 Geary Boulevard within the City; approving the form of and authorizing the execution
of an indenture of trust providing the terms and conditions of the bonds; approving the form of and
authorizing the execution of a loan agreement; approving the form of and authorizing the execution of
a regulatory agreement and declaration of restrictive covenants; approving modifications, changes
and additions to the documents; authorizing the collection of certain fees; approving, for purposes of
the Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage
revenue bonds by the City in an aggregate principal amount not to exceed $60,000,000 to finance the
acquisition and construction of the 4200 Geary apartments; ratifying and approving any action
heretofore taken in connection with the bonds and the Project, as defined herein; granting general
authority to City officials to take actions and execute any other documents necessary to implement
this Resolution, as defined herein; and related matters, as defined herein.
Sponsors:
Mayor, Connie Chan, Rafael Mandelman, Ahsha Safai
Attachments:
1. Leg Ver1, 2. DRAFT Indenture of Trust, 3. DRAFT Loan Agmt, 4. DRAFT Dec of Restrictions, 5.
DRAFT Regulatory Agmt, 6. DRAFT Amended and Restated Secured Promissory Nte, 7. Form 126, 8.
MOHCD Presentation 021523, 9. Cmte Pkt 021523, 10. Board Pkt 022823, 11. Leg Final, 12. Form
126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/31/2023
1
RECOMMENDED
Budget and Finance Committee
2/15/2023
1
Pass
ADOPTED
Board of Supervisors
2/28/2023
1
Pass
APPROVED
Mayor
3/2/2023
1