City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190289
Name:
Multifamily Housing Revenue Notes - 691 China
Basin Street (“691 China Basin Apartments”) - Not
to Exceed $68,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
3/12/2019
Clerk of the Board
On agenda:
Final action:
4/19/2019
Enactment date:
4/19/2019
171-19
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note in a principal
amount not to exceed $68,000,000 for the purpose of providing financing for the construction of a 152
-unit multifamily rental housing project known as “691 China Basin Apartments;” approving the form of
and authorizing the execution of a funding loan agreement providing the terms and conditions of the
loan from the funding lender identified therein to the City and the execution and delivery of the note;
approving the form of and authorizing the execution of a borrower loan agreement providing the terms
and conditions of the loan from the City to the borrower; 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; ratifying
and approving any action heretofore taken in connection with the back-to-back loans, the note and the
project, as defined herein; and granting general authority to City officials to take actions necessary to
implement this Resolution, and related matters, as defined herein.
Sponsors:
Mayor, Matt Haney
Attachments:
1. Leg Ver1, 2. DRAFT Funding Agmt, 3. DRAFT Borrower Agmt, 4. DRAFT Regulatory Agmt, 5.
Project Description, 6. Public Disclosure 022719, 7. CDLAC Reso No. 18-152 121218, 8. Form 126,
9. Form 126 Attachement, 10. Comm Pkt 040319, 11. Board Pkt 040919, 12. Form 126 Final, 13. Leg
Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/12/2019
1
RECOMMENDED
Budget and Finance Sub-
Committee
4/3/2019
1
Pass
ADOPTED
Board of Supervisors
4/9/2019
1
Pass
APPROVED
Mayor
4/19/2019
1