City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190895
Name:
Authorizing Certificates of Participation - Multiple
Capital Improvement Projects - Not to Exceed
$94,600,000
Status:
Type:
Ordinance
Passed
File created:
In control:
9/3/2019
Clerk of the Board
On agenda:
Final action:
10/11/2019
Enactment date:
10/11/2019
226-19
Enactment #:
Title:
Ordinance authorizing the execution and delivery of Certificates of Participation, in one or more series
from time to time, on a tax-exempt or taxable basis, evidencing and representing an aggregate
principal amount not to exceed $94,600,000 to finance and refinance the acquisition of certain real
property located at 814-820 Bryant Street and 470 Sixth Street within the City and related site
demolition, preparation and improvement, and the repayment of certain taxable commercial paper
notes of the City issued for such purposes, and the acquisition of certain additional property located at
1828 Egbert Avenue within the City and related site demolition, preparation and improvement;
approving the form of Supplement to the Trust Agreement between the City and County of San
Francisco and U.S. Bank National Association, as trustee (“Trustee”) (including certain indemnities
contained therein); approving respective forms of Supplements to Property Lease and Project Lease,
each between the City and the Trustee, for the lease and lease back of all or a portion of certain real
property and improvements located at 375 Laguna Honda Boulevard or other property as determined
by the Director of Public Finance; approving the form of an Official Notice of Sale and a Notice of
Intention to Sell the Certificates of Participation; approving the form of an Official Statement in
preliminary and final form; approving the form of a Continuing Disclosure Certificate; granting general
authority to City officials to take necessary actions in connection with the authorization, sale,
execution and delivery of the Certificates of Participation; approving modifications to documents; and
ratifying previous actions taken in connection therewith, as defined herein.
Sponsors:
Mayor, Aaron Peskin
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. CON Memo 083019, 4. DRAFT Fourth Supplement to Property
Lease, 5. DRAFT Fourth Supplement to Project Lease, 6. DRAFT Fourth Supplement to Trust
Agreement, 7. DRAFT Official Notice of Sale, 8. DRAFT Notice of Intention, 9. DRAFT Purchase
Contract, 10. Controller's Certification, 11. DRAFT Preliminary Official Statement, 12. DRAFT
Appendix A, 13. BLA Report 091819, 14. Comm Pkt 091819, 15. Board Pkt 092419, 16. Board Pkt
100119, 17. Leg Final
Action By
Date
Action
Result
Ver.
ASSIGNED
President
9/3/2019
1
RECOMMENDED
Budget and Finance Committee
9/18/2019
1
Pass
PASSED ON FIRST READING
Board of Supervisors
9/24/2019
1
Pass
FINALLY PASSED
Board of Supervisors
10/1/2019
1
Pass
APPROVED
Mayor
10/11/2019
1