City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190979
Name:
Multifamily Housing Revenue Notes - 242 Hahn
Street (Sunnydale Block 6) - Not to Exceed
$106,680,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/24/2019
Clerk of the Board
On agenda:
Final action:
11/1/2019
Enactment date:
11/1/2019
456-19
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note (tax-exempt)
in an aggregate principal amount not to exceed $76,680,000 and of a multifamily housing revenue
note (taxable) in an aggregate principal amount not to exceed $30,000,000 for the purpose of
providing financing for the construction of a 167-unit multifamily rental housing project located at 242
Hahn Street (Sunnydale Block 6); approving the form of and authorizing the execution of funding loan
agreement providing the terms and conditions of the loans from the funding lender to the City and the
execution and delivery of the notes; approving the form of and authorizing the execution of a project
loan agreement providing the terms and conditions of the loans 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 notes and the project, as defined herein; 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, Shamann Walton
Attachments:
1. Leg Ver1, 2. DRAFT Funding Loan Agmt, 3. DRAFT Project Loan Agmt, 4. DRAFT Regulatory Agmt
and Decl of Restrictive Covenants, 5. DRAFT Promissary Note, 6. CDLAC Reso No. 19-106 071919,
7. Form 126, 8. Comm Pkt 100919, 9. Board Pkt 102219, 10. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/24/2019
1
RECOMMENDED
Budget and Finance Committee
10/9/2019
1
Pass
ADOPTED
Board of Supervisors
10/22/2019
1
Pass
APPROVED
Mayor
11/1/2019
1