City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
140291
Name:
Committee of the Whole - Transbay Block 6 Project
- 280 Beale Street - Air Rights Lease of Successor
Agency Property - Multifamily Housing Revenue
Bonds - May 6, 2014
Status:
Type:
Motion
Passed
File created:
In control:
4/8/2014
Clerk of the Board
On agenda:
Final action:
4/15/2014
Enactment date:
M14-061
Enactment #:
Title:
Motion scheduling the Board to sit as a Committee of the Whole on May 6, 2014, at 3 p.m., to hold a
public hearing of the proposal of the Successor Agency to the Redevelopment Agency of the City and
County of San Francisco (the “Successor Agency,” also commonly known as the Office of Investment
and Infrastructure (“OCII”) on a Resolution to consider the proposal of the Successor Agency to enter
into a Ground Lease Agreement and lease the air rights parcel located at 280 Beale Street, commonly
known as Transbay Block 6, to Mercy Housing California 62, L.P., a California limited partnership,
consistent with the provisions of the California Community Redevelopment Law Section 33433 and to
authorize 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:
Jane Kim
Attachments:
1. Leg Ver1, 2. Board_Pkt_041514, 3. Leg Ver2, 4. Leg_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
4/8/2014
1
AMENDED
Board of Supervisors
4/15/2014
1
Pass
APPROVED AS AMENDED
Board of Supervisors
4/15/2014
2
Pass