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File #: 201365    Version: 1 Name: Amended and Restated Loan Agreement - BRIDGE-Potrero Community Associates LLC - Potrero HOPE SF Development - Not to Exceed $29,141,134
Type: Resolution Status: Passed
Introduced: 12/8/2020 In control: Clerk of the Board
On agenda: Final action: 2/5/2021
Enactment date: 2/5/2021 Enactment #: 025-21
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 BRIDGE-Potrero Community Associates LLC, a California limited liability company, to increase the loan amount to $22,701,134 for a total loan amount not to exceed $29,141,134 to finance the second phase of infrastructure improvements and housing development related to the revitalization and master development of up to 1,700 units of replacement public housing, affordable housing and market rate housing, commonly known as the Potrero HOPE SF Development; 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 & Restated Loan Agrmt, 3. DRAFT Unsecured Promissory Note, 4. Form 126, 5. BLA Report 011321, 6. Comm Pkt 011321, 7. MOHCD Presentation 011321, 8. Board Pkt 012621, 9. Leg Final
Legislation Details
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