City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190056
Name:
Multifamily Housing Revenue Note - 1990 Folsom
Street - Not to Exceed $62,132,500
Status:
Type:
Resolution
Passed
File created:
In control:
1/15/2019
Clerk of the Board
On agenda:
Final action:
2/8/2019
Enactment date:
2/8/2019
069-19
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 $62,132,500 for the purpose of providing
financing for the construction of an 143-unit multifamily rental housing project known as “1990
Folsom;” 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; and 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 Agrmt, 3. DRAFT Fund Loan Agrmt, 4. DRAFT Regulatory
Agrmt, 5. DRAFT Assignment of Deed of Trust, 6. Public Disclosures 121918, 7. Form 126, 8. Comm
Pkt 013019, 9. Board Pkt 020519, 10. Form 126 Final, 11. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/15/2019
1
RECOMMENDED
Budget and Finance Committee
1/30/2019
1
Pass
ADOPTED
Board of Supervisors
2/5/2019
1
Pass
APPROVED
Mayor
2/8/2019
1