City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190145
Name:
Multifamily Housing Revenue Note - 735 Davis
Senior LP - Not to Exceed $21,885,000
Status:
Type:
Resolution
Passed
File created:
In control:
2/5/2019
Clerk of the Board
On agenda:
Final action:
3/15/2019
Enactment date:
3/15/2019
107-19
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 $21,885,000 for the purpose of providing
financing for the construction of a 53-unit multifamily rental housing project known as “735 Davis
Senior 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, as defined herein; and granting general authority to City officials
to take actions necessary to implement this Resolution, and related matters, as defined herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. DRAFT Funding Loan Agrmt, 3. DRAFT Borrower Loan Agrmt, 4. DRAFT Regulatory
Agrmt 013119, 5. DRAFT Assignment of Deed of Trust, 6. Public Disclosures 012319, 7. Project
Description 013119, 8. CDLA Reso. No. 18-150, 9. Form 126, 10. Comm Pkt 022719, 11. Board Pkt
030519, 12. Form 126 Final, 13. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
2/5/2019
1
RECOMMENDED
Budget and Finance Committee
2/27/2019
1
Pass
ADOPTED
Board of Supervisors
3/5/2019
1
Pass
APPROVED
Mayor
3/15/2019
1