City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
200219
Name:
Loan Agreement - 22, 102, and 104-106 South Park
Street - Not to Exceed $28,312,966
Status:
Type:
Resolution
Passed
File created:
In control:
2/25/2020
Clerk of the Board
On agenda:
Final action:
3/27/2020
Enactment date:
3/27/2020
115-20
Enactment #:
Title:
Resolution approving and authorizing the execution of a Loan Agreement with MHDC South Park
Properties, L.P., a California limited partnership, in an amount not to exceed $28,312,966 for a
minimum term of 55 years for a portion of the loan amount and a minimum term of 40 years for
another portion of the loan amount based on the requirements of the funding sources, to finance the
acquisition and rehabilitation of a 108-unit affordable multifamily rental housing project for low income
households, consisting of three structures located at 22, 102, and 104-106 South Park Street; and
adopting findings that the Loan Agreement is consistent with the General Plan, and the eight priority
policies of Planning Code, Section 101.1.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. DRAFT Amended and Restated Loan Agrmt, 3. DRAFT Dec of Restrictions, 4. DRAFT
Deed of Trust, Rents, Security Agrmt, and Fixture Filing, 5. DRAFT Amended and Restated
Promissory Note, 6. DRAFT Secured Promissory Note, 7. PLN GPR 020520, 8. BLA Report 031120,
9. Comm Pkt 031120, 10. Form 126, 11. Leg Ver2, 12. Board Pkt 031720, 13. Form 126 Final, 14. Leg
Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
2/25/2020
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING NEW TITLE
Budget and Finance Committee
3/11/2020
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
3/11/2020
2
Pass
ADOPTED
Board of Supervisors
3/17/2020
2
Pass
APPROVED
Mayor
3/27/2020
2