City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140294
Name:
Hearing - Transbay Block 6 Project - 280 Beale
Street - Air Rights Lease of Successor Agency
Property - Multifamily Housing Revenue Bonds
Status:
Type:
Hearing
Filed
File created:
In control:
3/25/2014
Board of Supervisors
On agenda:
Final action:
4/22/2014
5/6/2014
Enactment date:
Enactment #:
Title:
Hearing to consider the proposal of the Mayor's Office of Housing and Community Development
(acting on behalf of the Office of Community Investment and Infrastructure) to enter into an Air Rights
Lease, for a term of 75 years commencing upon Board approval, for the purpose of developing
housing for very low-income families, located at 280 Beale Street, with Mercy Housing California 62,
LP, a California limited partnership, pursuant to the provisions of California Health and Safety Code,
Section 33433, Community Redevelopment Law and a Resolution authorizing the issuance and
delivery of multifamily housing revenue bonds in an aggregate principal amount not to exceed
$15,000,000 for the purpose of providing financing for the acquisition and construction of a 70-unit
multifamily rental housing project known as Transbay/Block 6 Project; approving the form of and
authorizing the execution of a trust indenture providing the terms and conditions of the bonds;
approving the form of and authorizing the execution of a regulatory agreement and declaration of
restrictive covenants; approving the form of and authorizing the execution of a loan agreement;
authorizing the collection of certain fees; ratifying and approving any action heretofore taken in
connection with the bonds and the project; granting general authority to City officials to take actions
necessary to implement this Resolution; and related matters.
Sponsors:
Attachments:
1. Board Pkt 050614
Action By
Date
Action
Result
Ver.
SCHEDULED FOR PUBLIC HEARING
Clerk of the Board
4/22/2014
1
HEARD AND FILED
Board of Supervisors
5/6/2014
1