City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140924
Name:
Multifamily Housing Revenue Note (Bill Sorro
Community) - Not to Exceed $25,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/2/2014
Clerk of the Board
On agenda:
Final action:
10/1/2014
Enactment date:
363-14
Enactment #:
Title:
Resolution authorizing the execution, sale, and delivery of a multifamily housing revenue note in an
aggregate principal amount not to exceed $25,000,000 for the purpose of providing financing for the
construction of a 67-unit affordable rental housing development known as Bill Sorro Community;
approving the form of and authorizing the execution of a funding loan agreement and a borrower loan
agreement; providing the terms and conditions of the note and authorizing the execution and delivery
thereof; approving the form of and authorizing the execution of a regulatory agreement and
declaration of restrictive covenants; authorizing the collection of certain fees; approving modifications,
changes, and additions to the documents; granting general authority to City officials to take actions
necessary to implement this Resolution; and ratifying and approving any action heretofore taken in
connection with the note and the project, as defined herein.
Sponsors:
Jane Kim, Eric Mar
Attachments:
1. Leg Ver1, 2. MOHCD Ltr 081414, 3. FLA 100114, 4. BLA 100114, 5. Reg Agrmt and DRC 100114,
6. Proof of Publication 030814, 7. CDLAC Ltr 071614, 8. Board Reso No. 102-14, 9. Mercy Housing
Memo, 10. Form 126, 11. Form 126, 12. Comm Pkt 091714, 13. Board Pkt 092314, 14. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/2/2014
1
RECOMMENDED
Budget and Finance Committee
9/17/2014
1
Pass
ADOPTED
Board of Supervisors
9/23/2014
1
Pass
APPROVED
Mayor
10/1/2014
1