City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
170883
Name:
Multifamily Housing Revenue Note - 455 Fell Street
(“455 Fell Street Apartments”) - Not to Exceed
$43,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
7/25/2017
Clerk of the Board
On agenda:
Final action:
9/15/2017
Enactment date:
9/15/2017
340-17
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 $43,000,000 for the purpose of providing
financing for the acquisition and construction of a 108-unit multifamily rental housing project known as
“455 Fell Street Apartments;” 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:
London N. Breed
Attachments:
1. Leg Ver1, 2. DRAFT Funding Loan Agrmt 072017, 3. DRAFT Borrower Loan Agrmt 072017, 4.
DRAFT Reg Agrmt and DRC 072117, 5. Proof of Pub 071417, 6. Form 126, 7. Comm Pkt 090717, 8.
Bd Pkt 091217, 9. Form 126 Final, 10. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
7/25/2017
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Committee
9/7/2017
1
Pass
ADOPTED
Board of Supervisors
9/12/2017
1
Pass
APPROVED
Mayor
9/15/2017
1