City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
180687
Name:
Multifamily Housing Revenue Note - 490 South Van
Ness Avenue - Not to Exceed $35,712,500
Status:
Type:
Resolution
Passed
File created:
In control:
6/26/2018
Clerk of the Board
On agenda:
Final action:
9/14/2018
Enactment date:
9/14/2018
289-18
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 $35,712,500 for the purpose of providing
financing for the construction of an 81-unit multifamily rental housing project known as “490 South Van
Ness Avenue”; 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:
Mayor, Hillary Ronen
Attachments:
1. Leg Ver1, 2. DRAFT Borrower Loan Agreement, 3. DRAF Funding Loan Agreement, 4. DRAFT
Regulatory Agreement, 5. 490 South Van Ness Project Description, 6. Form 126, 7. Comm Pkt
071918, 8. Comm Pkt 072618, 9. Gov C 5852.1 Form SB 450, 10. Board Pkt 090418, 11. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/26/2018
1
CONTINUED
Budget and Finance Sub-
Committee
7/19/2018
1
Pass
RECOMMENDED
Budget and Finance Sub-
Committee
7/26/2018
1
Pass
ADOPTED
Board of Supervisors
9/4/2018
1
Pass
APPROVED
Mayor
9/14/2018
1