City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240723
Name:
Authorizing Certificates of Participation - Concourse
Garage Project - Not to Exceed $29,000,000
Status:
Type:
Ordinance
30 Day Rule
File created:
In control:
6/25/2024
Budget and Finance Committee
On agenda:
Final action:
Enactment date:
Enactment #:
Title:
Ordinance authorizing the execution and delivery of Certificates of Participation on a tax-exempt or
taxable basis evidencing and representing an aggregate principal amount of not to exceed
$29,000,000 to fund all or a portion of the acquisition of the Concourse Garage; authorizing the
issuance of commercial paper notes in advance of the delivery of the Certificates; approving the form
of Trust Agreement between the City and County of San Francisco and the Trustee (including certain
indemnities contained therein); authorizing the selection of the Trustee by the Director of Public
Finance; approving respective forms of a Property Lease and a Lease Agreement, each between the
City and County of San Francisco and the Trustee for the lease and lease back of certain property
and facilities of the City; approving the forms of Purchase Contract, Official Notice of Sale, and Notice
of Intention to Sell Certificates; directing the publication of the Notice of Intention to Sell Certificates;
approving the form of the Preliminary Official Statement and the form and execution of the Official
Statement relating to the sale of the Certificates; approving the form of the Continuing Disclosure
Certificate; granting general authority to City officials to take necessary actions in connection with the
authorization, execution, sale and delivery of the Certificates, including termination of the Ground
Lease and transfer of the Concourse Garage property and related property to the City and County of
San Francisco under the jurisdiction of the Recreation and Park Commission; approving modifications
to documents and agreements; declaring the City’s intent to reimburse certain expenditures; and
ratifying previous actions taken in connection therewith, as defined herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. DRAFT Trust Agreement, 4. DRAFT Lease Agreement, 5. DRAFT
Notice of Intention, 6. DRAFT Official Notice of Sale, 7. DRAFT Preliminary Official Statement, 8.
DRAFT Property Lease, 9. DRAFT Purchase Contract, 10. Appendix A, 11. CON Memo 062524
Action By
Date
Action
Result
Ver.
ASSIGNED UNDER 30 DAY RULE
President
6/25/2024
1