City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190795
Name:
Multifamily Housing Revenue Note - Bernal
Gateway 2 LP - Not to Exceed $23,500,000
Status:
Type:
Resolution
Passed
File created:
In control:
7/16/2019
Clerk of the Board
On agenda:
Final action:
9/20/2019
Enactment date:
9/20/2019
386-19
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 $23,500,000 for the purpose of providing
financing for the construction of a 55-unit multifamily rental housing project known as “Bernal Gateway
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 project 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, Hillary Ronen
Attachments:
1. Leg Ver1, 2. CDLAC Reso No. 19-016 011619, 3. CDLAC Ltr 062019, 4. DRAFT Assign Deed of
Trust and Loan Docs, 5. DRAFT Funding Loan Agrmt, 6. DRAFT Project Loan Agrmt, 7. DRAFT
Regulatory Agrmt, 8. TEFRA Proof of Pub 062619, 9. Form 126, 10. Comm Pkt 090419, 11. Board Pkt
091019, 12. Leg Final, 13. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
7/16/2019
1
TRANSFERRED
Clerk of the Board
8/20/2019
1
RECOMMENDED
Budget and Finance Committee
9/4/2019
1
Pass
ADOPTED
Board of Supervisors
9/10/2019
1
Pass
APPROVED
Mayor
9/20/2019
1