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File #: 190315    Version: Name: Loan Agreement - Sunnydale HOPE SF - Not to Exceed $28,478,891
Type: Resolution Status: Passed
Introduced: 3/19/2019 In control: Clerk of the Board
On agenda: Final action: 4/26/2019
Enactment date: 4/26/2019 Enactment #: 190-19
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute an Amended and Restated Loan Agreement with Sunnydale Infrastructure LLC, a California limited liability company, for a total loan amount not to exceed $28,478,891 to finance the first phase of infrastructure improvements and housing development related to the revitalization and master development of up to 1770 units of replacement public housing, affordable housing, and market rate housing, commonly known as the Sunnydale HOPE SF Development (“Sunnydale Project”); and adopting findings that the loan agreement is consistent with the adopted Mitigation Monitoring and Reporting Program under the California Environmental Quality Act, the General Plan, and the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor, Shamann Walton
Attachments: 1. Leg Ver1, 2. DRAFT Amended and Restated Loan Agmt, 3. DRAFT Promissory Note, 4. Form 126, 5. BLA Report 040319, 6. Comm Pkt 040319, 7. BLA Report 041019, 8. Comm Pkt 041019, 9. Leg Ver2, 10. Board Pkt 041619, 11. Form 126 Final, 12. Leg Final
Legislation Details
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