City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
200459
Name:
Multifamily Housing Revenue Note - 1049 Golden
Gate Avenue - Frederick Douglas Haynes
Apartments - Not to Exceed $67,760,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/5/2020
Clerk of the Board
On agenda:
Final action:
6/12/2020
Enactment date:
6/12/2020
245-20
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 $67,760,000 for the purpose of providing
financing for the acquisition and rehabilitation of a 104-unit (includes one resident manager unit)
multifamily rental housing project located at 1049 Golden Gate Avenue, known as the “Frederick
Douglas Haynes Apartments;” 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 borrower
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 Agreement, 3. DRAFT Borrower Loan Agreement, 4. DRAFT
Regulatory Agreement, 5. Public Disclosures Relating to Conduit Rev Obligations, 6. Project
Description, 7. CDLAC Reso No. 20-107 (19-581 Extension), 8. CDLAC Reso No. 19-195, 9. Cert. of
TEFRA Publication 081319, 10. Form 126, 11. Comm Pkt 052020, 12. Board Pkt 060220, 13. Form
126 Final, 14. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/5/2020
1
RECOMMENDED
Budget and Finance Committee
5/20/2020
1
Pass
ADOPTED
Board of Supervisors
6/2/2020
1
Pass
APPROVED
Mayor
6/12/2020
1