City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
181006
Name:
Multifamily Housing Revenue Bonds - 1950 Mission
Street - Not to Exceed $60,488,962
Status:
Type:
Resolution
Passed
File created:
In control:
10/16/2018
Clerk of the Board
On agenda:
Final action:
11/20/2018
Enactment date:
11/20/2018
397-18
Enactment #:
Title:
Resolution authorizing the issuance, sale and delivery of multifamily housing revenue bonds in an
aggregate principal amount not to exceed $60,488,962 for the purpose of providing financing for the
construction of a 157-unit multifamily rental housing project known as 1950 Mission Street
Apartments; approving, for purposes of the Internal Revenue Code of 1986, as amended, the
issuance and sale of tax exempt residential rental housing bonds by the City in an aggregate principal
amount not to exceed $60,488,962; approving the form of and authorizing the execution of an
indenture of trust providing the terms and conditions of the bonds; approving the form of and
authorizing the execution of a regulatory agreement and declaration of restrictive covenants;
approving the form of and authorizing the execution of a loan agreement; 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 bonds 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. Project Description 101218, 3. TEFRA Transcript 101118, 4. Public Disclosures
101218, 5. DRAFT Regulatory Agmt, 6. DRAFT Loan Agmt, 7. DRAFT Indenture of Trust, 8. Form
126, 9. Comm Pkt 110118, 10. Board Pkt 111318, 11. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
10/16/2018
1
RECOMMENDED
Budget and Finance Committee
11/1/2018
1
Pass
ADOPTED
Board of Supervisors
11/13/2018
1
Pass
APPROVED
Mayor
11/20/2018
1