City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
130190
Name:
Multifamily Housing Revenue Obligations - 2175
Market Street Apartments - $30,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
2/26/2013
Clerk of the Board
On agenda:
Final action:
3/22/2013
Enactment date:
3/22/2013
076-13
Enactment #:
Title:
Resolution authorizing the execution/issuance, sale and delivery of a multifamily mortgage revenue
note and subordinate multifamily housing revenue bonds in an aggregate principal amount not to
exceed $30,000,000 (together, the “Obligations”) for the purpose of providing financing for the
acquisition and construction of an 88-unit multifamily residential rental housing development known as
the 2175 Market Street Apartments; approving the form of and authorizing the execution of a funding
loan agreement and 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 subordinate trust indenture providing the terms and conditions of the subordinate bonds; approving
the form of and authorizing the execution of a subordinate loan agreement relating to the subordinate
bonds; approving the form of and authorizing the execution of a regulatory agreement and declaration
of restrictive covenants; authorizing the collection of certain fees; ratifying and approving any action
heretofore taken in connection with the Obligations and the project; 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 Obligations and the project.
Sponsors:
Scott Wiener
Attachments:
1. Leg_Ver1, 2. Comm_Packet_030613, 3. Leg_Ver1, 4. Board_Packet_031213, 5. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
2/26/2013
1
Fail
TRANSFERRED
President
2/28/2013
1
RECOMMENDED AS AMENDED
Budget and Finance Sub-
Committee
3/6/2013
2
Pass
AMENDED
Budget and Finance Sub-
Committee
3/6/2013
1
Pass
ADOPTED
Board of Supervisors
3/12/2013
2
Pass
APPROVED
Mayor
3/22/2013
2