https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4345545&GUID=93B7B777-28C8-4DB2-BE27-B5D726FF0F42Legistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4345545&GUID=93B7B777-28C8-4DB2-BE27-B5D726FF0F4293B7B777-28C8-4DB2-BE27-B5D726FF0F42-2024-12-17-01-33-20Title: Resolution approving, in accordance with Section 147(f) of the Internal Revenue Code of 1986, as amended (“Code”), the execution of a tax-exempt loan or loans by the California Municipal Finance Authority (“Authority”) in one or more series pursuant to a plan of financing and in an aggregate principal amount not to exceed $23,000,000 (“Authority Loan”), the proceeds of which Authority Loan to be loaned by the Authority (“Borrower Loan”) to Lycée Français de San Francisco, a California nonprofit public benefit corporation and an organization described in, and exempt from tax under, Section 501(c)(3) of the Code (“Borrower”), to, among other things, (i) refinance all or a portion of certain outstanding debt obligations (collectively, “Prior Obligations”) of the Borrower that, among other things, originally financed and refinanced the acquisition, construction, improvement, equipping and furnishing of educational facilities located at 755 Ashbury Street (“Ashbury Campus”), within the City and County of San Francisco (“City”), and at 1201 Ortega Street (“Ortega Campus”), within the City,Tue, 17 Dec 2024 01:33:20 GMT