File #: 230369    Version: 1 Name: Authorizing Refunding Certificates of Participation, Series 2023-R1 - Multiple Capital Improvement Projects - Not to Exceed $275,000,000
Type: Ordinance Status: Passed
Introduced: 4/4/2023 In control: Clerk of the Board
On agenda: Final action: 6/2/2023
Enactment date: 6/2/2023 Enactment #: 101-23
Title: Ordinance authorizing the execution and delivery of refunding Certificates of Participation, in one or more series from time to time (“Certificates”), in an aggregate amount not to exceed $275,000,000 to prepay certain certificates of participation that financed and refinanced various capital improvement projects within the City and County of San Francisco (“City”); approving the form of a Supplement to Trust Agreement between the City and U.S. Bank Trust Company, National Association (as successor-in-interest to 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, at 1 Moreland Drive, San Bruno, California, and/or any other property as shall be determined by the City’s Director of Public Finance; approving the form of Escrow Agreement (including certain indemnities contained therein), between the City and U.S. Bank Trust Company, National Association, as escrow agent (“Escrow Agent”); 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; approving modifications to documents; and ratifying previous actions taken in connection therewith, as defined herein.
Sponsors: Mayor, Dean Preston
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. CON Memo 032723, 4. DRAFT Supplement to Trust Agmt, 5. DRAFT Supplement to Proj Lease, 6. DRAFT Supplement to Prop Lease, 7. DRAFT Escrow Agmt, 8. DRAFT Purchase Contract, 9. DRAFT Notice of Intent to Sell, 10. DRAFT Official Notice of Sale, 11. DRAFT Preliminary Official Statement, 12. OPF Presentation 051023, 13. BLA Rpt 051023, 14. Cmte Pkt 051023, 15. Board Pkt 051623, 16. Board Pkt 052323, 17. Leg Final
Related files: 210645, 191014, 201007, 220683, 151225, 190896, 190895
Legislation Details
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