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File #: 190934    Version: Name: Loan Agreement - 4840 Mission Housing Associates LP - 4840 Mission Street - Not to Exceed $18,510,000
Type: Resolution Status: Passed
Introduced: 9/10/2019 In control: Clerk of the Board
On agenda: Final action: 10/4/2019
Enactment date: 10/4/2019 Enactment #: 419-19
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute documents relating to a loan to provide financing for predevelopment activities for the construction of a 100% affordable 137-unit multifamily rental housing project known as 4840 Mission, including the payoff of an acquisition loan, completion of additional architectural design and design consultant work, and other predevelopment activities, in an aggregate amount not to exceed $18,510,000; approving the form of and authorizing the execution of a first amendment to the loan agreement, an amended and restated promissory note, and an amendment to the deed of trust; ratifying and approving any action heretofore taken in connection with the project, as defined herein; granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein; and finding that the loan is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor, Ahsha Safai
Attachments: 1. Leg Ver1, 2. Leg Ver2, 3. DRAFT Loan Agrmt Amend No. 1, 4. Executed Original Loan Agmt 051117, 5. PLN GPR 061419, 6. BLA Report 092519, 7. Form 126, 8. Comm Pkt 092519, 9. Board Pkt 100119, 10. Form 126 Final, 11. Leg Final
Legislation Details
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