City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240443
Name:
Loan Agreement - 1005 Powell Street - Chinatown
SROS, LLC - Small Sites Program - Not to Exceed
$20,900,000
Status:
Type:
Resolution
Passed
File created:
In control:
4/30/2024
Clerk of the Board
On agenda:
Final action:
5/31/2024
Enactment date:
5/31/2024
298-24
Enactment #:
Title:
Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community
Development (“MOHCD”) to execute loan documents for the permanent financing of 1005 Powell
Street pursuant to the Small Sites Program, for a total loan amount not to exceed $20,900,000;
confirming the Planning Department’s determination under the California Environmental Quality Act;
finding that the 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 the loan documents and take certain actions in furtherance of this Resolution, as
defined herein.
Sponsors:
Mayor, Rafael Mandelman, Aaron Peskin
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 Secured Promissory Note - SSP, 7. SSP Loan
Evaluation, 8. PLN Gen Pln Ref 040124, 9. Form 126, 10. MOHCD Presentation 051524, 11. BLA Rpt
051524, 12. Cmte Pkt 051524, 13. Board Pkt 052124, 14. Form 126 Final, 15. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/30/2024
1
RECOMMENDED
Budget and Finance Committee
5/15/2024
1
Pass
ADOPTED
Board of Supervisors
5/21/2024
1
Pass
APPROVED
Mayor
5/31/2024
1