Legislation Details

File #: 260867    Version: 1 Name: Authorizing Tax-Exempt and/or Taxable Certificates of Participation - Open Space Fund - Not to Exceed $43,000,000
Type: Ordinance Status: Scheduled for Committee Hearing
Introduced: 7/28/2026 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Ordinance approving the issuance and sale of Certificates of Participation, in one or more series on a tax-exempt and/or taxable basis, by the City and County of San Francisco (the “City”) payable from the Base Rental secured by Net Open Space Fund Property Tax Revenues to finance and/or refinance certain projects as set forth herein, in a not to exceed aggregate principal amount of $43,000,000 (the “Certificates”); approving the form of a Property Lease by and between the City and a trustee (the “Trustee”), relating to certain real property described herein; approving the form of a Lease Agreement by and between the Trustee and the City; approving the form of a Trust Agreement by and between the City and the Trustee (including certain indemnities contained therein); approving the form of an Escrow Agreement by and between the City and an Escrow Agent (the “Escrow Agent”); authorizing the sale of the Certificates; approving the form of an Official Notice of Sale and a Notice of Intention to Sell the Certificates; directing the publication of the Notice of Intention to Sell the Certificates; approving the form of a Purchase Contract and one or more initial purchasers of the Certificates; approving the form of an Official Statement in preliminary and final form; approving the form of a Continuing Disclosure Certificate; authorizing the payment of costs of issuance; declaring the City’s official intent to reimburse itself for certain costs from the proceeds of the Certificates; granting general authority to City officials to take certain actions in connection with the Certificates, as defined herein; approving modifications to documents; and ratifying previous actions taken in connection therewith, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. DRAFT Property Lease Agmt, 4. DRAFT Lease Agmt, 5. DRAFT Trust Agmt, 6. DRAFT Escrow Amgt, 7. DRAFT Official Ntc of Sale, 8. DRAFT Ntc of Intent, 9. DRAFT Purchase Contract, 10. DRAFT Prelim Official Stmt, 11. CON OPF Memo 072826, 12. MYR Memo 072826, 13. REC Presentation 090226, 14. BLA Rpt 090226, 15. Cmte Pkt 090226
Legislation Details
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