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File #:
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230370
Version:
1
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Name:
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Authorizing Tax-Exempt and/or Taxable Certificates of Participation - Multiple Affordable Housing and Community Facilities Projects - Not to Exceed $146,800,000
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Type:
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Ordinance
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Status:
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Passed
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On agenda:
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Final action:
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6/2/2023
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Enactment date:
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6/2/2023
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Enactment #:
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102-23
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Title:
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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 $146,800,000 (“Certificates”), to finance and refinance certain capital improvement, affordable housing and community facilities development projects within the City and County of San Francisco’s (“City”), including site acquisition, demolition and site preparation, design work, construction, repairs, renovations, improvements and the equipment of such facilities, 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 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 determined by the City’s 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, as defined herein; 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.
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Attachments:
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1. Leg Ver1, 2. Leg Dig Ver1, 3. DRAFT Supplement to Trust Agrmt, 4. DRAFT Supplement to Project Lease, 5. DRAFT Supplement to Property Lease, 6. DRAFT Purchase Contract, 7. DRAFT Notice of Intent to Sell, 8. DRAFT Official Notice of Sale, 9. DRAFT Prelim Official Statement, 10. OPF Memo 032423, 11. MOHCD Presentation 051023, 12. BLA Rpt 051023, 13. Cmte Pkt 051023, 14. Board Pkt 051623, 15. Board Pkt 052323, 16. Leg Final
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