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Title:
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Motion scheduling the Board to sit as a Committee of the Whole on May 6, 2014, at 3 p.m., to hold a public hearing of the proposal of the Successor Agency to the Redevelopment Agency of the City and County of San Francisco (the “Successor Agency,” also commonly known as the Office of Investment and Infrastructure (“OCII”) on a Resolution to consider the proposal of the Successor Agency to enter into a Ground Lease Agreement and lease the air rights parcel located at 280 Beale Street, commonly known as Transbay Block 6, to Mercy Housing California 62, L.P., a California limited partnership, consistent with the provisions of the California Community Redevelopment Law Section 33433 and to authorize the issuance and delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed $15,000,000 for the purpose of providing financing for the acquisition and construction of a 70-unit multifamily rental housing project known as Transbay/Block 6 Project; approving the form of and authorizing the execution of a trust indenture providing the terms and conditions of the bonds; approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; approving the form of and authorizing the execution of a loan agreement; authorizing the collection of certain fees; ratifying and approving any action heretofore taken in connection with the bonds and the project; granting general authority to City officials to take actions necessary to implement this Resolution; and related matters.
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