City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
120380
Name:
Certificates of Participation for Various Port Projects
- Not to Exceed $45,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
4/17/2012
Board of Supervisors
On agenda:
Final action:
5/8/2012
Enactment date:
5/8/2012
152-12
Enactment #:
Title:
Resolution authorizing the execution and delivery of certificates of participation evidencing an
aggregate principal amount of not to exceed $45,000,000 to finance the design, acquisition,
construction, reconstruction, expansion, improvement, equipping, renewal, restoration and/or
replacement of certain capital improvements to properties of the Port Commission of the City and
County of San Francisco; authorizing the selection of a trustee by the Director of Public Finance and
approving the form of a trust agreement for the certificates of participation between the City and
County of San Francisco and such trustee (including certain indemnities contained therein); approving
the forms of a property lease and a project lease between the City and the trustee relating to all or a
portion of the real property and improvements located at 375 Laguna Honda Boulevard and all or a
portion of the James R. Herman Cruise Terminal at Pier 27; approving a form of memorandum of
understanding with the Port Commission of the City and County of San Francisco relating to
repayment of the certificates and other matters; approving the form of an official notice of sale and
notice of intention to sell for the certificates of participation; authorizing the selection of underwriters
by the Director of Public Finance and approving the form of a purchase contract between the City and
the underwriters relating to the certificates of participation, if sold by negotiated sale; approving the
forms of a preliminary and final official statement with respect to the certificates of participation;
approving the form of a continuing disclosure certificate; approving the issuance and sale of tax-
exempt certificates of participation in an aggregate principal amount not to exceed $45,000,000
following a public hearing; granting general authority to City officials to take necessary actions in
connection with the authorization, issuance, sale and delivery of the certificates of participation;
approving modifications to documents and agreements; and ratifying previous actions taken in
connection therewith.
Sponsors:
Mayor, David Chiu, Carmen Chu
Attachments:
1. Legislation_Ver1, 2. Comm_Packet_042512, 3. Budget_Analyst_042512, 4.
Board_Packet_050112, 5. Legislation_Final
Action By
Date
Action
Result
Ver.
ASSIGNED
President
4/17/2012
1
RECOMMENDED
Budget and Finance Sub-
Committee
4/25/2012
1
Pass
ADOPTED
Board of Supervisors
5/1/2012
1
Pass
APPROVED
Mayor
5/8/2012
1