City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160855
Name:
Multifamily Housing Revenue Note - 655, 711-795,
and 895 Pacific Avenue - Ping Yuen - Not to Exceed
$98,065,000
Status:
Type:
Resolution
Passed
File created:
In control:
7/26/2016
Clerk of the Board
On agenda:
Final action:
9/14/2016
Enactment date:
371-16
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note in an
aggregate principal amount not to exceed $98,065,000 for the purpose of providing financing for the
acquisition and rehabilitation of a 234-unit multifamily rental housing project located in the City at 655,
711-795, and 895 Pacific Avenue, commonly known as Ping Yuen; 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, as defined herein; and related matters.
Sponsors:
Norman Yee, Aaron Peskin
Attachments:
1. Leg Ver1, 2. DRAFT FLA, 3. DRAFT Reg Agrmt 070616, 4. DRAFT PLA, 5. Form 126, 6. CDLAC
Resolution, 7. Comm Pkt 090716, 8. Board Pkt 091316, 9. Leg Final, 10. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
7/26/2016
1
RECOMMENDED
Budget and Finance Committee
9/7/2016
1
Pass
ADOPTED
Board of Supervisors
9/13/2016
1
Pass
APPROVED
Mayor
9/14/2016
1