City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
191264
Name:
Multifamily Housing Revenue Note - Turk 500
Associates, L.P. - Not to Exceed $53,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
12/10/2019
Clerk of the Board
On agenda:
Final action:
1/24/2020
Enactment date:
1/24/2020
016-20
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 $53,000,000 for the purpose of providing
financing for the construction of a 108-unit (includes one resident manager unit) multifamily rental
housing project known as “555 Larkin/500-520 Turk;" 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; 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
Attachments:
1. Leg Ver1, 2. DRAFT Funding Loan Agrmt, 3. DRAFT Proj Loan Agrmt, 4. DRAFT Regulatory Agmt,
5. DRAFT Assignment Deed of Trust, 6. CDLAC Reso No. 19-162 101619, 7. Public Disclosures
120619, 8. Form 126, 9. Comm Pkt 010820, 10. Board Pkt 011420, 11. Leg Final, 12. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/10/2019
1
RECOMMENDED
Budget and Finance Committee
1/8/2020
1
Pass
ADOPTED
Board of Supervisors
1/14/2020
1
Pass
APPROVED
Mayor
1/24/2020
1