City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
161199
Name:
Multifamily Housing Revenue Note - 1101
Connecticut Street (“Potrero Block X”) - Not to
Exceed $49,454,000
Status:
Type:
Resolution
Passed
File created:
In control:
11/1/2016
Clerk of the Board
On agenda:
Final action:
12/9/2016
Enactment date:
12/9/2016
499-16
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note in one or
more series in an aggregate principal amount not to exceed $49,454,000 for the purpose of providing
financing for the construction of a 72-unit multifamily rental housing project known as “Potrero Block
X,” located in the City at 1101 Connecticut Street; approving the form of and authorizing the execution
of a funding loan agreement providing the terms and conditions of the loan from the funding lender to
the City and the execution and delivery of the note; approving the form of and authorizing the
execution of a borrower loan agreement providing the terms and conditions of the loan from the City
to the borrower; approving the form of and authorizing the execution of a regulatory agreement and
declaration of restrictive covenants; authorizing the collection of certain fees; approving modifications,
changes and additions to the documents; ratifying and approving any action heretofore taken in
connection with the back-to-back loans, the note and the project; granting general authority to City
officials to take actions necessary to implement this Resolution; and related matters, as defined
herein.
Sponsors:
Malia Cohen
Attachments:
1. Leg Ver1, 2. DRAFT Assignment of DoT, 3. DRAFT Borrower Loan Agrmt 102116, 4. DRAFT
Funding Loan Agrmt 102116, 5. DRAFT Reg Agrmt 103116, 6. CDLAC Reso. No. 16-128, 7. Form
126, 8. Comm Pkt 111616, 9. Board Pkt 112916, 10. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/1/2016
1
RECOMMENDED
Budget and Finance Committee
11/16/2016
1
Pass
ADOPTED
Board of Supervisors
11/29/2016
1
Pass
APPROVED
Mayor
12/9/2016
1