Share to Facebook Share to Twitter Bookmark and Share
File #: 210645    Version: 1 Name: Authorizing Tax-Exempt and/or Taxable Certificates of Participation (Multiple Capital Improvement Projects) - Not to Exceed $67,500,000
Type: Ordinance Status: Passed
Introduced: 6/1/2021 In control: Clerk of the Board
On agenda: Final action: 8/4/2021
Enactment date: 8/4/2021 Enactment #: 123-21
Title: Ordinance authorizing the execution and delivery of Certificates of Participation, in one or more series on a tax-exempt and/or taxable basis and from time to time, evidencing and representing an aggregate principal amount of not to exceed $67,500,000 (“Certificates”), to finance and refinance certain capital improvement projects within the City, including but not limited to certain projects within the City and County of San Francisco’s (“City”) capital plan and generally consisting of critical repairs, renovations and improvements to City-owned buildings, facilities and works utilized by various City departments and local economic stimulus projects, generally consisting of repairs, renovations and improvements, designed to help build a more resilient and equitable San Francisco as part of the City’s recovery from the COVID-19 pandemic, including through the retirement of certain commercial paper notes of the City issued for such purposes; approving the form of a Supplement to Trust Agreement between the City and U.S. Bank National Association, as trustee (“Trustee”) (including certain indemnities contained therein); approving respective forms of a Supplement to Property Lease and a Supplement to Project Lease, each between the City and the Trustee, for the lease and lease back of all or a portion of certain real property and improvements owned by the City and located at 375 Laguna Honda Boulevard within the City and at 1 Moreland Drive, San Bruno, California, and/or other property as determined by the Director of Public Finance; approving the form of an Official Notice of Sale and a Notice of Intention to Sell the Certificates; approving the form of an Official Statement in preliminary and final form; approving the form of a purchase contract between the City and one or more initial purchasers of the Certificates; approving the form of a Continuing Disclosure Certificate; granting general authority to City officials to take necessary actions in connection with the authorization, sale, execution and delivery of the Certificates, as defined herein; approving modifications to documents, as defined herein; and ratifying previous actions taken in connection therewith, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. CON Memo 052121, 4. DRAFT Supplement to Project Lease, 5. DRAFT Supplement to Property Lease, 6. DRAFT Supplement to Trust Agrmt, 7. DRAFT Ntc of Intent to Sell, 8. DRAFT Official Ntc of Sale, 9. DRAFT Purchase Contract, 10. DRAFT Prelim Official Statement, 11. MYR Budget Submittal Memo FY21-22 060121, 12. MYR Req 30 Day Waiver 060121, 13. Presidential Action Memo 060321, 14. BLA Report 062121, 15. Comm Pkt 062121, 16. Board Pkt 071321, 17. Board Pkt 072021, 18. Board Pkt 072721, 19. Leg Final
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.