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File #: 220017    Version: 1 Name: Multifamily Housing Revenue Bonds - 4101 Noriega, 363 Noe, 200 Randolph/409 Head, 2206-2268 Great Highway and 1357-1371 Eddy (also known as 1353-1367 Eddy) - SFHA Scattered Sites - Not to Exceed $50,776,000
Type: Resolution Status: Passed
Introduced: 1/4/2022 In control: Clerk of the Board
On agenda: Final action: 2/4/2022
Enactment date: 2/4/2022 Enactment #: 018-22
Title: Resolution authorizing the issuance and delivery of multifamily housing revenue bonds (tax-exempt) in an aggregate principal amount not to exceed $40,776,000 and multifamily housing revenue bonds (taxable) in an aggregate principal amount not to exceed $10,000,000, for a total aggregate principle amount not to exceed $50,776,000, for the purpose of providing financing for the acquisition and rehabilitation of a 69-unit, affordable multifamily rental housing project located at 4101 Noriega Street, 363 Noe Street, 200 Randolph/409 Head Street, 2206-2268 Great Highway and 1357-1371 Eddy Street (also known as 1353-1367 Eddy Street) known as “SFHA Scattered Sites” within the City; approving the form of and authorizing the execution of an indenture of trust providing the terms and conditions of the bonds; approving the form of and authorizing the execution of one or more regulatory agreements and declarations of restrictive covenants; approving the form of and authorizing the execution of one or more loan agreements providing the terms and conditions of the loan from the City to the borrower; approving the form of and authorizing the execution of an assignment of deed of trust documents; authorizing the collection of certain fees; approving modifications, changes and additions to the documents, as defined herein; ratifying and approving any action heretofore taken in connection with the bonds and the project, as defined herein; and granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein; and related matters, as defined herein.
Sponsors: Mayor, Gordon Mar, Ahsha Safai, Matt Haney, Dean Preston
Attachments: 1. Leg Ver1, 2. DRAFT Loan Agmt, 3. DRAFT Reg Agmt and Dec of Restrictive Conv, 4. DRAFT Indenture of Trust, 5. DRAFT Assignment of Deed of Trust, 6. TEFRA Public Hrg Ntc 072621, 7. TEFRA Hearing Minutes 072921, 8. CDLAC Reso No. 21-178 081121, 9. Cmte Pkt 012622, 10. Public Correspondence, 11. Board Pkt 020122, 12. Leg Final
Legislation Details
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