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File #: 210363    Version: Name: Loan Agreement - 4200 Geary Associates, L.P. - 100% Affordable Housing - 4200 Geary Boulevard - Not to Exceed $14,538,982
Type: Resolution Status: Passed
Introduced: 4/6/2021 In control: Clerk of the Board
On agenda: Final action: 4/30/2021
Enactment date: 4/30/2021 Enactment #: 172-21
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute loan documents relating to a loan to provide financing for the acquisition of real property located at 4200 Geary Boulevard, and predevelopment activities for the construction of a 100% affordable multifamily rental housing project consisting of 98 units for senior households and ancillary commercial space, known as 4200 Geary Boulevard, in an aggregate amount not to exceed $14,538,982; approving the form of the loan agreement and ancillary documents; 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 the General Plan, and the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor, Connie Chan
Attachments: 1. Leg Ver1, 2. DRAFT Loan Agmt, 3. DRAFT Secured Acquisition Promissory Note, 4. DRAFT Secured Predevelopment Promissory Note, 5. DRAFT Dec of Restrictions, 6. DRAFT Deed of Trust, 7. PLN General Pln Ref 030521, 8. Form 126, 9. BLA Report 042121, 10. Comm Pkt 042121, 11. Leg Ver2, 12. Board Pkt 042721, 13. Form 126 Final, 14. Leg Final
Legislation Details
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