City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
181048
Name:
Multifamily Housing Revenue Bonds - 2050, 2060,
and 2070 Folsom Street and 255 and 265 Shotwell
Street - Not to Exceed $50,639,862
Status:
Type:
Resolution
Passed
File created:
In control:
10/30/2018
Clerk of the Board
On agenda:
Final action:
12/7/2018
Enactment date:
12/7/2018
413-18
Enactment #:
Title:
Resolution authorizing the issuance, sale and delivery of multifamily housing revenue bonds in an
aggregate principal amount not to exceed $50,639,862 for the purpose of providing financing for the
construction of a 127-unit multifamily rental housing project located at 2050, 2060, and 2070 Folsom
Street and 255 and 265 Shotwell Street, known as Casa Adelante 2060 Folsom; 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, as defined herein; and related matters, as defined herein.
Sponsors:
Mayor, Hillary Ronen
Attachments:
1. Leg Ver1, 2. DRAFT Regulatory Agrmt, 3. DRAFT Loan Agrmt, 4. DRAFT Indenture of Trust, 5.
Project Overview 102618, 6. Public Disclosures 102618, 7. Form 126, 8. Comm Pkt 111518, 9. Board
Pkt 112718, 10. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
10/30/2018
1
RECOMMENDED
Budget and Finance Committee
11/15/2018
1
Pass
ADOPTED
Board of Supervisors
11/27/2018
1
Pass
APPROVED
Mayor
12/7/2018
1