City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
171119
Name:
Multifamily Housing Revenue Notes - 171 Loehr
Street and 1250 Sunnydale Avenue (“Britton Courts
Apartments”) - Not to Exceed $76,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
10/17/2017
Clerk of the Board
On agenda:
Final action:
11/22/2017
Enactment date:
11/22/2017
422-17
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 $76,000,000 for the purpose of providing
financing for the acquisition and rehabilitation of a 92-unit multifamily rental housing project located at
171 Loehr Street and 1250 Sunnydale Avenue, in San Francisco, California, known as “Britton Courts
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, as defined herein; and related matters, as defined herein.
Sponsors:
Malia Cohen
Attachments:
1. Leg Ver1, 2. DRAFT Borrower Loan Agrmt 100417, 3. DRAFT Funding Loan Agrmt 100417, 4.
DRAFT Reg Agrmt and DRC 100917, 5. Form 126, 6. Comm Pkt 110917, 7. Bd Pkt 111417, 8. Leg
Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
10/17/2017
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Committee
11/9/2017
1
Pass
ADOPTED
Board of Supervisors
11/14/2017
1
Pass
APPROVED
Mayor
11/22/2017
1