Share to Facebook Share to Twitter Bookmark and Share
File #: 231133    Version: 1 Name: Loan Amendment - Sunnydale Infrastructure 1A3 LLC - Sunnydale HOPE SF Development - Not to Exceed $26,567,405
Type: Resolution Status: Passed
Introduced: 10/31/2023 In control: Clerk of the Board
On agenda: Final action: 12/8/2023
Enactment date: 12/8/2023 Enactment #: 568-23
Title: Resolution approving and authorizing the execution of a Second Amendment to the Loan Agreement with Sunnydale Infrastructure Phase 1A3 LLC, a California limited liability company, to increase the loan amount by $1,495,294 for a new total loan amount not to exceed $26,567,405 to finance additional construction costs for the second phase of infrastructure improvements and housing development related to the revitalization and master development of up to 1770 units of replacement public housing, affordable housing and market rate housing, commonly known as the Sunnydale HOPE SF Development (“Sunnydale Project”); adopting findings that the loan agreement is consistent with the adopted Mitigation Monitoring and Reporting Program under the California Environmental Quality Act, the City’s General Plan, and the priority policies of Planning Code, Section 101.1; and to authorize the Director of Mayor’s Office of Housing and Community Development to enter into any amendments or modifications to the Agreement that do not materially increase the obligations or liabilities for the City and are necessary to effectuate the purposes of the agreement or this Resolution.
Sponsors: Mayor, Shamann Walton, Ahsha Safai, Rafael Mandelman
Attachments: 1. Leg Ver1, 2. DRAFT Second Amendment, 3. SFHA RFQ 101607, 4. SFHA RFQ Summary 030608, 5. BOS Ordinance No. 18-17 020117, 6. BOS Ordinance No. 20-17, 7. BOS Resolution No. 45-22, 8. Form 126, 9. BLA Rpt 111523, 10. MOHCD Presentation 111523, 11. Cmte Pkt 111523, 12. Board Pkt 112823, 13. Form 126 Final, 14. Leg Final
Related files: 211266, 161309, 161164
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.