File #: 240205    Version: Name: Loan Agreement - 936 Geary LP - 936-940 Geary Street - Small Sites Program - Up to $11,600,000
Type: Resolution Status: Passed
Introduced: 3/5/2024 In control: Clerk of the Board
On agenda: Final action: 4/4/2024
Enactment date: 4/4/2024 Enactment #: 136-24
Title: Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute documents relating to a loan for the permanent financing of 936 Geary LP for property located at 936-940 Geary Street, pursuant to the Small Sites Program and the Preservation and Seismic Safety Program, for a total loan amount not to exceed $11,600,000; confirming the Planning Department’s determination under the California Environmental Quality Act; finding that the Project loan is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing the Director of MOHCD or their designee to make certain modifications to such loan documents, and take certain actions in furtherance of this Resolution, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Loan Agmt, 3. DRAFT Declaration of Restrictions, 4. DRAFT Purchase Option Agmt, 5. DRAFT Deed of Trust - SSP, 6. DRAFT Deed of Trust - PASS, 7. DRAFT Secured Promissory Note - SSP, 8. DRAFT Secured Promissory Note - BMR - PASS, 9. DRAFT Secured Promissory Note - Deferred - PASS, 10. DRAFT Secured Promissory Note - Market Rate - PASS, 11. PLN Gen Pln Ref 022724, 12. Form 126, 13. MOHCD Presentation 032024, 14. BLA Rpt 032024, 15. Cmte Pkt 032024, 16. Leg Ver2, 17. Board Pkt 032624, 18. Form 126 Final, 19. Leg Final
Legislation Details
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