City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
150888
Name:
Multifamily Housing Revenue Note - 430 Turk Street
- Not to Exceed $21,770,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/8/2015
Clerk of the Board
On agenda:
Final action:
10/16/2015
Enactment date:
10/16/2015
372-15
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note in an
aggregate principal amount not to exceed $21,770,000 for the purpose of providing financing for the
acquisition and rehabilitation of a 89-unit multifamily rental housing project located at 430 Turk Street;
approving the form of and authorizing the execution of a funding 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 regulatory agreement and declaration of restrictive covenants;
approving the forms of and authorizing the execution of certain loan documents; authorizing the
collection of certain fees; ratifying and approving any action heretofore taken in connection with the
note and the project, as defined herein; granting general authority to City officials to take actions
necessary to implement this Resolution; and related matters.
Sponsors:
Mayor, Jane Kim, Mark Farrell
Attachments:
1. Leg Ver1, 2. Project Overview, 3. Regulatory Agmt 100115, 4. Project Loan Agmt 100115, 5.
Funding Loan Agmt 100115, 6. Comm Pkt 092315, 7. PPt Presentation 092315, 8. Form 126, 9.
Board Pkt 092915, 10. Board Pkt 100615, 11. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/8/2015
1
RECOMMENDED
Budget and Finance Committee
9/23/2015
1
Pass
CONTINUED
Board of Supervisors
9/29/2015
1
Pass
ADOPTED
Board of Supervisors
10/6/2015
1
Pass
APPROVED
Mayor
10/16/2015
1