City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
191299
Name:
Multifamily Housing Revenue Bonds - 401 Avenue
of the Palms (Maceo May Apartments) - Not to
Exceed $44,615,500
Status:
Type:
Resolution
Passed
File created:
In control:
12/17/2019
Clerk of the Board
On agenda:
Final action:
1/24/2020
Enactment date:
1/24/2020
028-20
Enactment #:
Title:
Resolution authorizing the issuance and delivery of multifamily housing revenue bonds in an
aggregate principal amount not to exceed $44,615,500 for the purpose of providing financing for the
acquisition, development, construction and equipping of a 105-unit, affordable multifamily residential
rental housing project located within the City on an approximately 0.74-acre parcel, identified as
Parcel C3.2 in the Treasure Island Master Plan, currently assigned the street address of 401 Avenue
of the Palms; approving the form of and authorizing the execution of a trust indenture providing terms
and conditions of the bonds; approving the form of and authorizing the execution of a regulatory
agreement and declaration of restrictive covenants; approving the form of and authorizing the
execution of a loan agreement; authorizing the collection of certain fees; ratifying and approving any
action heretofore taken in connection with the bonds and the project; granting general authority to City
officials to take actions necessary to implement this Resolution; and related matters, as defined
herein.
Sponsors:
Mayor, Matt Haney
Attachments:
1. Leg Ver1, 2. DRAFT Loan Agmt, 3. DRAFT Trust Indenture, 4. DRAFT Regulatory Agreement, 5.
Public Disclosures 120619, 6. CDLAC Reso No. 19-159 101619, 7. TEFRA Proof of Pub 061719, 8.
Form 126, 9. Comm Rpt 010820, 10. Board Pkt 011420, 11. Leg Final, 12. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/17/2019
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